Duratec Ltd Financial Update

Director’s Interest Notice

On May 28, 2025, Duratec Limited announced a change in the director’s interest under Appendix 3Y. Christopher John Oates, a director of the company, has updated his interests in securities since the last notice dated September 8, 2023. This information is provided in compliance with ASX listing rule 3.19A.2 and section 205G of the Corporations Act. The details of the changes in director’s interests are not fully disclosed in the announcement but are required to be submitted to ASX as soon as available.

Unquoted Securities Notification

On the same day, Duratec Limited issued a notification regarding unquoted securities under Appendix 3G. The company announced the issuance of 850,000 DURAA RIGHTS on May 27, 2025. Additionally, a separate notification indicated the issuance of 3,892,551 DURAA RIGHTS on the same date. These securities are part of an employee incentive scheme and are not intended to be quoted on the ASX.

Company Overview

Duratec Limited, an Australian construction company listed on the ASX All Markets, specializes in protecting and remediating steel and concrete structures. The company offers services such as asset protection, building refurbishment, infrastructure upgrading, recladding, and durability engineering. As of May 21, 2025, Duratec’s close price was AUD 1.555, with a 52-week high of AUD 1.78 and a low of AUD 1.02. The company has a market capitalization of AUD 392,470,000 and a price-to-earnings ratio of 18.12.

Market Context

The broader ASX 200 index closed 46.6 points higher on May 27, 2025, up by 0.56%, with technology, energy, and consumer discretionary stocks leading the gains. The gold sector was the only major area of weakness. The previous day, the ASX 200 was relatively stagnant, closing 0.1 points higher, with notable activity in gold and uranium stocks.