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    Perenti FY26 margin lift: contracting capacity and pricing signals for mine owners

    February 23, 2026|

    Reviewed by Tom Sullivan

    Perenti FY26 margin lift: contracting capacity and pricing signals for mine owners

    First reported on Australian Mining

    30 Second Briefing

    Perenti has reported double-digit profit growth and stronger margins for the first half of FY26, driven by higher utilisation of its underground and surface mining fleets across Africa and Australia. The contractor pointed to disciplined project execution on long-term contracts in Ghana and Botswana and improved cost control in its drilling and blasting division as key contributors. For mine owners, the result signals continued capacity from Perenti to take on large-scale load-and-haul, development drilling and production drilling contracts without immediate pricing relief.

    Technical Brief

    • African contract portfolio remains weighted to hard-rock open pit and underground operations rather than coal.

    Our Take

    Perenti is one of only a small subset of contractors that appear repeatedly across the 1085 Mining stories, signalling that its contract wins in Australia and Ghana are shaping a significant share of the contract-mining workload in our coverage.

    With no commodity specified, Perenti’s earnings uplift in FY26 likely reflects its diversified exposure across multiple ore types, which in our database tends to dampen earnings volatility compared with single-commodity Australian mining contractors.

    Ghana is one of the more frequently cited African jurisdictions in our Projects and Contract Award-tagged pieces, suggesting Perenti’s activity there aligns with a relatively mature, lower-barrier West African operating environment compared with frontier markets on the continent.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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