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Southern Cross Electrical Engineering Ltd (ASX:SXE)

ALERT: Price-sensitive ASX Announcement for SXE
Current share price for SXE : $4.350 1.49 (52.10%)+
Announcement
Release
18 Feb 2026 8:11AM
Price at Release
$2.860
Full Release
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Summary
Southern Cross Electrical Engineering Ltd (ASX: SXE) reported its half-year results for the period ending 31 December 2025. The company achieved an underlying EBITDA of $35.4 million, marking a 30.8% increase, and an underlying EBIT of $29.1 million, a 25.5% rise from the previous corresponding period. Despite these improvements, SCEE faced a net loss of $12.8 million primarily due to arbitration-related costs from the WestConnex project, totaling $46.1 million. Revenue decreased by 12.2% to $349.1 million, influenced by the winding down of major projects. The order book showed a 6% increase to $710 million, with a significant pipeline in data center and infrastructure projects. The Board declared a fully franked interim dividend of 2.5 cents per share. Looking forward, the company's FY26 EBITDA guidance has been raised to at least $72 million amid strong market opportunities in renewable energy and data center sectors.
Key Points
  • Underlying EBITDA increased to $35.4 million, up 30.8%
  • Underlying EBIT rose to $29.1 million, up 25.5%
  • Net loss of $12.8 million due to WestConnex arbitration costs
  • Revenue for the half-year was $349.1 million, down 12.2%
  • Order book increased to $710 million, up 6%
  • Fully franked interim dividend of 2.5 cents per share declared
  • Strong growth prospects in data center and renewable energy sectors
  • Increased FY26 EBITDA guidance to at least $72 million
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.