That result came on the back of record revenue of $102 million, up 64% on the first half of 2021.
Aerison's EBITDA margin was down slightly, reflecting a higher amount of revenue coming from procurement-related sales in the half. Those sales were generally made on a cost-plus basis, which diluted the higher margin across construction and maintenance-related revenue.
Excluding that procurement-related sales dilution, margins remained above 8%.
Aerison managing director and CEO Giuseppe Leone said the company successfully navigated the challenges of the past six months, including supply chain pressures and labour market tightness to achieve the first half EBITDA record.
"Continued strong growth in the mining and minerals, energy and infrastructure industries, along with a recent teaming agreement with a tier 1 mining contract has opened a new pipeline of opportunities that provides our customers with a compelling value proposition in delivering vertically integrated projects," he said.
"The teaming agreement will enable Aerison to successfully tender for and execute projects in new markets previously not available to it.
"In addition, we are particularly pleased to maintain our strong safety record, which can only be achieved though the buy-in of our employees."
Significant contract wins for the half included a three-year master services agreement for minor works on fixed plant at Fortescue Metals Group's Chichester Hub in Westen Australia's Pilbara; the design, supply, installation and commissioning of a crusher building dust mitigation systems at a Pilbara iron ore mine; and the design and installation of battery energy storage systems as part of the West Kimberley Power project in the renewable energy sector.
Aerison's order book sits at about $400 million, consisting of work secured under contract and a forward estimate of regular ongoing works under MSAs and preferred supplier arrangements.
Its tender pipeline reflects scalable diversification across the energy, iron ore, nickel, lithium, chemical, non-mining infrastructure and electrical infrastructure markets.
Identified tender opportunities have grown to $3.4 billion and are expected to further expand with opportunities in the government infrastructure, defence, water treatment and agriculture industries.
Specialist environmental projects is another growth area the company is fostering.
Its environmental services division is being presented with a growing pipeline of opportunities.
Aerison chairwoman Bronwyn Barnes said she believed the spend in this area would continue to grow and accelerate over the coming years.
"Aerison has a point of differentiation as an established environmental specialist that has provided turnkey solutions for more than 30 years," she said.
"This gives the business a strong foundation from which to expand into new areas and acquire new clients across Australia."
Shares in Aerison closed at 17.5c yesterday, giving the company a market capitalisation of $53.5 million.
