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SRG Global Limited (ASX: SRG)
SRG Global Limited announced securing $1.85 defence, health, education, marine infrastructure and data centre sectors. This led the company to upgrade its FY26 earnings outlook and release stronger-than-expected guidance for FY27.
The company upgraded its FY26 EBITDA guidance to the top end of its earlier announced range of $164 million to $168 million and forecast FY27 EBITDA of $190 million to $200 million, beating current market expectations.
The contract wins included long-term agreements with Gympie Regional Council for water infrastructure services, Origin Energy for asset integrity and inspection services, Fortescue for maintenance works in Western Australia's Pilbara region, and Alcoa for asset reliability services.
Further projects were secured with clients like Water Corporation, Seqwater, Brisbane Airport Corporation, Delta Electricity, BHP Mitsubishi Alliance, Covalent Lithium and Wolfram Limited, alongwith ongoing defence infrastructure works.
SRG Global also won contracts in the health, education and commercial sectors, including works on Perth's Women and Babies Hospital, Curtin University's new lecture facility, a student accommodation project in Western Australia, the Maddington Data Centre and Adelaide's King William Tower 2 development.
The company further expanded its presence in marine infrastructure through a contract with BCI Minerals for construction works linked to the Mardie Salt and Potash project in Western Australia.
The new awards extend SRG Global's order book with several contracts running through to 2034, strengthening revenue visibility and supporting the company's improved earnings outlook.
(Source: Company Announcements)
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