SRG Global delivers record 1H financial results and upgrades profit guidance for FY26.

Highlights include:

• 1H FY26 Revenue of $743.9m, up 20% from 1H FY25
• Underlying 1H FY26 EBITDA of $71m, up 20% and EBIT(A) of $53.2m, up 26% from 1H FY25
• Strong cash generation with EBITDA to cash conversion of 97% in 1H FY26
• Reduced net debt to $21.2m from proforma net debt of $52.5m post TAMS acquisition in Oct 25
• Excellent returns to shareholders with 1H EPS(A) of 5.5 cents per share, up 20% on 1H FY25
• 1H fully franked dividend of 3.0cps up 20% on 1H FY25
• TAMS delivered to business case in first 2 months and is fully integrated into SRG
• Record Work in Hand of $4.2b and Opportunity Pipeline of $11.5b across diverse industries
• FY26 guidance upgraded to $164m – $168m EBITDA and $126m – $130m EBIT(A)

David Macgeorge, SRG Global Managing Director, commented: “SRG Global continues to make significant progress in the execution of our strategy. Our record 1H FY26 result is underpinned by strong business fundamentals, excellent cash generation and solid operational delivery for our blue-chip client base.

“I am pleased to report that TAMS delivered to business case in its first 2 months with SRG Global and is now fully integrated into the business. TAMS is a market leading marine infrastructure services provider with a 25-year history of long-term client relationships and is an embedded partner with Port Authorities and blue-chip clients in diverse sectors for critical port and marine infrastructure maintenance and engineering, design & construction.

“SRG Global has record Work in Hand of $4.2 billion and is well positioned for long-term growth with end-to-end asset life cycle capability in key sectors such as water, energy, resources, transport, defence, ports / marine, health, education and data centres across Australia and New Zealand.”

To view the full ASX announcement, click here.