SRG Global (ASX:SRG) Up About 15% in a Year: Tracing the Climb and What Lies Ahead

Sonal Goyal

25 October 2026 10:30 AM AEDT

SRG Global (ASX:SRG) Up About 15% in a Year: Tracing the Climb and What Lies Ahead

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Key Highlights

SRG Global (ASX:SRG) closed at A$3.31 on 23 October 2026, down 2.65% on the day and up approximately 15% over a year.
FY26 revenue was $1,675.5 million and underlying EBITDA was $170.1 million.
FY27 guidance was upgraded to $195 million to $205 million of EBITDA.

SRG Global Ltd (ASX:SRG) closed at A$3.31 on 23 October 2026, down 2.65% (A$0.09) on the day, although the shares are approximately 15% higher than a year ago. SRG Global provides engineering, construction and maintenance services. Its FY26 results were released on 18 August 2026, and the day's move has not been linked to that release.

About SRG Global

SRG Global provides asset life cycle services across water, energy, resources, transport, defence, ports and marine, health, education and data centres. It acquired TAMS, a marine infrastructure services provider, with effect from 1 November 2025.

Latest development: FY26 results (18 August 2026)

Revenue was $1,675.5 million, up 27%, underlying EBITDA was $170.1 million, up 34%, and EBIT(A) was $131.8 million, up 41%. EBITDA to cash conversion was 101%, and the company moved to net cash of $6.2 million from pro forma net debt of $52.5 million after the TAMS acquisition. EPS(A) was 13.8 cents, up 34%.

The second-half dividend was 4.0 cents per share, fully franked, up 33%, and the total FY26 dividend was 7.0 cents, up 27%. Work in hand was a record $5.1 billion, up 42%. FY27 guidance was upgraded to $195 million to $205 million EBITDA and $150 million to $160 million EBIT(A).

Risks to weigh

The company's FY27 guidance is forward-looking, work in hand converts to revenue over time, and the shares fell on 23 October with no same-day announcement linked to the move.

What lies ahead

Items to watch include delivery against FY27 guidance, conversion of work in hand, TAMS performance and the next dividend.

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