Key Highlights

  • SCEE secured new work awards totalling more than AUD 150mn across data centres, manufacturing and resources.
  • Underlying FY26 EBITDA guidance increased to at least AUD 75mn, while FY27 guidance was introduced at at least AUD 100mn.
  • The company completed a AUD 150mn institutional placement and subsequently completed its share purchase plan.
  • SXE shares were priced at AUD 4.33 after gaining 143.94% over one year.

Southern Cross Electrical Engineering is using demand from data centres, resources and electrification projects to enlarge both its workload and capital base. A June trading update combined new awards, higher earnings guidance and a major equity raising, creating a clear operational test for FY27.

Company Overview

SCEE is a national provider of electrical, instrumentation, communications, security, fire and maintenance services and products. Its businesses operate across commercial, infrastructure and resources markets, with exposure to data centres, energy-transition projects and sustaining capital programs.

Latest Update

On 15 June 2026, SCEE announced more than AUD 150mn of new work. Heyday began initial electrical and communications activity for the first stage of NEXTDC’s S4 Data Centre, while Trivantage Manufacturing received a switchroom-skid order for a Western Sydney data-centre facility. SCEE Electrical also secured an electrical, instrumentation and controls framework with Rio Tinto. The company later completed a AUD 150mn institutional placement at AUD 4.00 per share and completed its share purchase plan in July.

Financial and Share-Price Snapshot

The company raised underlying FY26 EBITDA guidance to at least AUD 75mn and introduced FY27 EBITDA guidance of at least AUD 100mn. At a share price of AUD 4.33, SCEE’s market capitalisation was approximately AUD 1.33bn, while its one-year gain reached 143.94%. The new equity is intended to support working capital for awarded projects, expand financing capacity and retain flexibility for further growth initiatives.

Market Context

Large electrical contractors can benefit from rising power requirements, data-centre construction and grid investment. However, rapid order-book growth also increases demands on labour, procurement, manufacturing capacity and project controls.

What May Be Watched Next

The FY26 result and webcast may clarify the timing of the new awards, margin assumptions and the path toward the FY27 EBITDA target. Progress at the S4 Data Centre, manufacturing delivery and additional work conversion may determine how quickly the raised capital translates into earnings.

Key Risks

Project delays, labour shortages, procurement pressure and weaker-than-expected margins could affect the earnings uplift. The capital raising increased the share base, while the large one-year gain may leave the stock sensitive to guidance changes.