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SRG Global Limited (ASX:SRG)

ALERT: Price-sensitive ASX Announcement for SRG
Current share price for SRG : $3.950 1.01 (34.35%)+
Announcement
Release
17 Feb 2026 8:07AM
Price at Release
$2.940
Full Release
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Summary
SRG Global Limited, an Australian diversified infrastructure services company, reported a strong 1H FY26 financial performance with significant increases in revenue, earnings, and dividends compared to the previous year. The company recorded a 20% revenue increase to $743.9 million, a 20% rise in EBITDA to $71.0 million, and a 27% growth in NPAT to $33.7 million. SRG also achieved a record work in hand of $4.2 billion and completed a strategic acquisition of TAMS, enhancing its capabilities in marine infrastructure services. The company upgraded its FY26 guidance and maintained a robust financial position, supported by excellent cash generation and a reduced net debt of $21.2 million. SRG's growth is underpinned by a $11.5 billion opportunity pipeline and diversification across various growth sectors. The company is committed to ESG practices, with initiatives in carbon reporting and community partnerships.
Key Points
  • SRG Global Limited reported a strong financial performance in 1H FY26 with a 20% increase in revenue to $743.9 million compared to 1H FY25.
  • The company's EBITDA increased by 20% to $71.0 million, while EBIT(A) grew by 26% to $53.2 million.
  • Net Profit After Tax (NPAT) rose by 27% to $33.7 million, indicating robust earnings growth.
  • Dividends increased by 20% to 3.0 cents per share, reflecting higher returns to shareholders.
  • SRG achieved a record work in hand of $4.2 billion, up 24% from 1H FY25, with 80% of earnings being annuity/recurring.
  • The company upgraded its FY26 guidance, with expected EBITDA between $164 million and $168 million, and EBIT(A) between $126 million and $130 million.
  • The strategic acquisition of TAMS, a marine infrastructure services provider, was completed in October 2025, enhancing SRG's delivery capabilities.
  • The company has a strong balance sheet with net debt reduced to $21.2 million and excellent cash generation with a 97% EBITDA cash conversion rate.
  • SRG's long-term growth prospects are supported by a $11.5 billion opportunity pipeline and its diversified exposure to growth sectors such as water, energy, and transport.
  • The company emphasizes its environmental, social, and governance (ESG) initiatives, including carbon reporting, indigenous partnerships, and a robust governance framework.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.