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Highlights

  • Synertec shares climbed 4.17% on 20 February 2026, following a major strategic update.
  • Company secured Sydney Water operational technology projects exceeding AUD 1 million in total value.
  • Delivery scheduled over the next 12 months across upgraded facilities.
  • Agreements executed with all Sydney Water Regional Delivery Partners.
  • Access to a potential AUD 245 million pipeline strengthens long-term operational technology opportunities
  • Entry into a 10-year, AUD 34 billion capital works program positions Synertec within a major infrastructure cycle.
  • Establishment of Sydney office and State Manager appointment accelerates New South Wales expansion.

Synertec Corporation Ltd (ASX:SOP) shares rose 4.17% to AUD 0.025 on 20 February 2026 after the company announced new operational technology project awards with Sydney Water Corporation. The stock has gained approximately 25% over the past month, although it remains down 37.50% over the past year.

Today’s upward move followed confirmation that total contract value with Sydney Water has now exceeded AUD 1 million, reinforcing Synertec’s expanding footprint in the water infrastructure sector.

Project Awards Under SCADA and Electrical Services Panel

Synertec announced it has secured additional operational technology projects under Sydney Water’s SCADA and Electrical Services Panel, to which it was appointed in May 2025. The awarded works involve upgrades to existing Sydney Water facilities and are scheduled for delivery over the next 12 months.

The Panel appointment provides access to approximately AUD 245 million in operational technology-related opportunities over a five-year period. The recent contract wins are described as aligning directly with Synertec’s capabilities across control systems engineering, electrical and instrumentation design, SCADA, communications and cyber security.

Regional Delivery Partner Agreements Finalised

In addition to direct engagement with Sydney Water, Synertec has now executed agreements with all of Sydney Water’s Regional Delivery Partners, positioning the company to support project delivery across Greater Sydney’s North, South and West regions.

These Regional Delivery Partners are responsible for servicing Sydney Water’s long-term capital and operational program, which spans 10 years and carries a total budget of AUD 34 billion. The agreements enable Synertec to deliver operational technology, electrical and control system engineering services across the broader network.

Strategic Expansion into the Water Sector

The company stated that the latest awards reflect the execution of its water industry strategy and geographic expansion plans. The establishment of a Sydney office, alongside the appointment of a State Manager, is intended to strengthen local capability and deepen engagement with Sydney Water and other New South Wales clients.

Synertec also noted that additional projects are currently in various stages of engagement and tender, indicating ongoing demand for technology upgrades within Sydney Water and other major Australian water utilities.

Managing Director Michael Carroll highlighted the company’s 19-year experience with Melbourne Water and outlined its national expansion into Western Australia and New South Wales, with an ambition to be recognised nationally as a trusted water industry engineering provider.

Investor Takeaway

The latest Sydney Water contract awards and expanded regional agreements appear to have supported today’s share price increase. With access to a significant pipeline of operational technology opportunities and expanded presence in New South Wales, investors will be watching how Synertec converts these engagements into sustained revenue growth within the broader water infrastructure program.

Frequently Asked Questions (FAQs)

  1. Why did Synertec shares rise on 20 February 2026?

Shares of Synertec Corporation Ltd (ASX:SOP) increased 4.17% after the company announced Sydney Water operational technology project awards exceeding AUD 1 million in total value.

  1. What is the value of the Sydney Water opportunity pipeline?

Synertec’s appointment to the SCADA and Electrical Services Panel provides access to approximately AUD 245 million in operational technology-related projects over five years.

  1. What strategic steps has Synertec taken in New South Wales?

The company has established a Sydney office, appointed a State Manager, and executed agreements with all Sydney Water Regional Delivery Partners to support project delivery across the region.