BWA | JUL 2026 79 public materials consistently point to ageing infrastructure, corrosion, capacity upgrades and specialist asset protection as long-term demand drivers. The business has also grown into a much broader national platform than a simple niche label might suggest. Duratec’s investor materials say it operates through 20 branches across Australia and has built exposure to multiple end markets, allowing it to move between defence, mining, marine, transport and emerging infrastructure sectors as conditions evolve. That diversification showed up clearly in FY25. Duratec reported revenue of $573.0 million, while also noting that record performance in Energy and Emerging sectors helped offset delays in Defence and Mining con-
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