Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James and Team Back in 2024 you gave your views on Duratec when it was a $350M company. It has now grown to a $567M organisation and expanded its operations by takeovers. It has won sizeable Defence and Commercial Contracts with long Term Annuity type recurring Revenue streams. With plenty of Cash on the Balance sheet. Also, a strong Pipeline for the future I would appreciate your views In hindsight this would have been a good inclusion in the emerging Cos Portfolio
Hi Richard,
Duratec (DUR) is an Australian engineering and infrastructure services company that repairs, protects and upgrades ageing steel and concrete assets. It works across sectors like Defence, mining/industrial sites, buildings and energy, providing services such as asset maintenance, remediation/refurbishment, facade repairs and waterproofing across Australia.
DUR has traded well over the last year although it was arguably too small for the MM Emerging Companies Portfolio at the time, it’s still struggling to trade $500k worth of stock on a daily basis. Today DUR has grown to a $550mn business with defence making up more than 30% of its revenue in FY25, a “hot” place to be of late.
Last week the company announced an upcoming investor webinar following its 1H FY26 results, scheduled for 25 February 2026. Until then news is likely to be thin on the ground.
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