ASX:SRG

SRG Global Delivered 'Terrific' Fiscal 2026 Numbers Amid Multiple Infrastructure Tailwinds, Euroz Hartleys Says

SRG Global (ASX:SRG) delivered "a terrific set" of fiscal 2026 numbers, with normalized earnings before interest, taxes, depreciation, and amortization beating both guidance that was upgraded in June as well as consensus forecasts, Euroz Hartleys said in a Wednesday note.Post its acquisition of Total AMS, the construction engineering company has transitioned from a pro forma net debt position of around AU$52.5 million to net cash of AU$6.2 million, supported by operating cash conversion of 101%, the equity research firm said.SRG Global also declared its largest dividend on record of AU$0.07 per share for fiscal 2026.The company's "exposure to multiple structural infrastructure tailwinds and a lower level of execution risk compared with peers supports continued earnings growth and, in our view, supports a higher level of capitalization multiple as earnings continue to grow," Euroz Hartleys said.It maintained a buy recommendation on SRG Global while raising the target price to AU$4.55 per share from AU$4.18.SRG Global shares rose 3% in recent Wednesday trade.

SRG Global Delivers Record FY26 Result, Euroz Hartleys Says

SRG Global (ASX:SRG) delivered a record fiscal 2026 result, delivering revenues of AU$1.68 billion, ahead of Euroz Hartleys' estimates of AU$1.65 billion and consensus of AU$1.65 billion, the financial services firm said in a Tuesday note.Last year's revenue was AU$1.32 billion.The construction engineering company logged AU$0.138 in earnings per share before amortization of acquired intangibles for FY26, compared with AU$0.103 a year ago.The company's strong results are supported by a growing, long-dated anddiversified orderbook.Exposure to multiple structural infrastructure tailwinds and lower execution risk compared with peers fosters ongoing earnings growth, supporting a higher capitalization multiple as earnings rise, Euroz Hartleys said.The company expects fiscal 2027 earnings before interest, taxes, depreciation, and amortization of between AU$195 million and AU$205 million, up from AU$190 million to AU$200 million previously.Euroz Hartleys maintained its buy recommendation on SRG Global while its AU$4.18 price target is under review.SRG Global shares rose 9% in midday trade on Tuesday.

Update: SRG Global Fiscal 2026 Earnings, Revenue Up; Shares Up 10%

(Updates to add stock movement in the headline and the fifth paragraph.)SRG Global (ASX:SRG) logged AU$0.138 in earnings per share before amortization of acquired intangibles for fiscal 2026, compared with AU$0.103 a year ago, a Tuesday filing showed.For the 12 months ended June 30, revenue was AU$1.68 billion versus AU$1.32 billion previously, the Australia-listed construction engineering firm added.The board declared a final dividend of AU$0.04 per share, up from AU$0.03 a year earlier, payable Sept. 11 to shareholders on record as of Aug. 28.The firm now expects fiscal 2027 earnings before interest, taxes, depreciation, and amortization of between AU$195 million and AU$205 million.Its shares rose nearly 10% in recent trading on Tuesday.

SRG Global Fiscal 2026 Earnings, Revenue Up

SRG Global (ASX:SRG) logged AU$0.138 in earnings per share before amortization of acquired intangibles for fiscal 2026, compared with AU$0.103 a year ago, a Tuesday filing showed.For the 12 months ended June 30, revenue was AU$1.68 billion versus AU$1.32 billion previously, the Australia-listed construction engineering firm added.The board declared a final dividend of AU$0.04 per share, up from AU$0.03 a year earlier, payable Sept. 11 to shareholders on record as of Aug. 28.The firm now expects fiscal 2027 earnings before interest, taxes, depreciation, and amortization of between AU$195 million and AU$205 million.

SRG Global Posts Fiscal 2026 EPS (Before Certain Items) of AU$0.138, Revenue of AU$1.68 Billion

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday.Block (ASX:XYZ): +6%, AU$117.98Seek (ASX:SEK): +5%, AU$14.65Xero (ASX:XRO): +6%, AU$81.50Wisetech Global (ASX:WTC): +5%, AU$43.18EchoIQ (ASX:EIQ): +4%, AU$1.66Southern Cross (ASX:SXE): +4%, AU$4.73Insurance Australia Group (ASX:IAG): +4%, AU$8.10SKS Technologies (ASX:SKS): +3%, AU$9.42SRG Global (ASX:SRG): +3%, AU$3.62Tasmea (ASX:TEA): +3%, AU$9.40

Australian Shares Flat; SRG Global Discloses AU$1.85 Billion of Contracts, Upgrades Fiscal 2026 EBITDA Outlook

Australian shares were again flat, with a negative bias, on Tuesday amid investor anxiety over the course of ceasefire negotiations between the US and Iran.The S&P/ASX 200 Index was little changed to close at 8,724.40.Media reports said that Iran had halted indirect negotiations with ​the US. US President Donald Trump said talks were moving forward at a rapid pace.Brent crude oil futures were trading above $94 per barrel.On the domestic front, Australia's Fair Work Commission approved a 4.75% wage increase.The country's seasonally adjusted company gross operating profits decreased 1.3% in the March quarter compared with the December 2025 quarter and rose 3.2% compared with the prior corresponding period, according to a report by the Australian Bureau of Statistics (ABS).Seasonally adjusted data revealed that the total number of dwellings approved in Australia fell 3.4% to 16,710 in April from 17,307 in the previous month, figures from the ABS showed.Australian consumer confidence rose 2.7 points in the week of May 25 to 31 to 68.8 points, its highest level since early March, according to ANZ Research. Despite the rise, confidence remains 17.5 points below the 2025 average.In company news, SRG Global (ASX:SRG) upgraded its fiscal 2026 guidance after securing AU$1.85 billion of contracts with blue-chip clients in a range of sectors. The company raised its fiscal 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) forecast to the top end of its previously issued AU$164 million to AU$168 million range, while initiating fiscal 2027 EBITDA guidance of between AU$190 million and AU$200 million.Tasmea (ASX:TEA) struck a deal to acquire specialist electrical contractor Maxim Group Australia for up to AU$254 million. The company said Maxim has an identified pipeline in excess of AU$1.3 billion, which provides full revenue visibility for fiscal 2027 and about 85% revenue visibility for fiscal 2028.Nine Entertainment Co. Holdings (ASX:NEC) completed the sale of its regional television assets, NBN and Nine Darwin, for a total cash consideration of AU$20.5 million, converting them from wholly-owned businesses to affiliates to be owned and operated by WIN Network.

SRG Global's Guidance Lift Shows Strength of Diversified Infrastructure Services Model, Says Euroz Hartleys, Shares at All-Time High

SRG Global's (ASX:SRG) guidance upgrade continues to demonstrate the strength of the company's diversified infrastructure services model, according to a Tuesday Euroz Hartleys note.The company on Tuesday upgraded its fiscal year 2026 guidance after securing AU$1.85 billion of contracts with blue-chip clients in a range of sectors.The upgrade beats Euroz Hartleys' current underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) forecast, and the research firm said it is looking at its forecasts with an upward bias.Euroz Hartleys kept a buy rating on SRG Global and an under review price target of AU$3.51.The company's shares rose 16% to a new all-time high in recent Tuesday trade.

SRG Global Discloses AU$1.85 Billion of Contracts; Upgrades Fiscal 2026 EBITDA Outlook

SRG Global (ASX:SRG) upgraded its fiscal 2026 guidance after securing AU$1.85 billion of contracts with blue-chip clients in a range of sectors, according to a Tuesday filing with the Australian bourse.The company raised its fiscal 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) forecast to the top end of its previously issued AU$164 million to AU$168 million range, while initiating fiscal 2027 EBITDA guidance of between AU$190 million and AU$200 million, which it said is above consensus estimates.The contracts include clients in water, defense, energy, industrial, health and education, ports, and data centers. Among them is a an eight-year term contract with Fortescue (ASX:FMG) for multi-disciplinary maintenance services, a five-year contract with Alcoa (ASX:AAI) to provide asset integrity and reliability services, and a seven-year contract with Origin Energy (ASX:ORG).