Key Highlights

  • SRG Global shares traded at A$3.92, up 8.29% or A$0.30 on 18 August 2026 at 12:49 pm.
  • FY26 Revenue increased 27% to A$1.6755 billion, while underlying EBITDA rose 34% to A$170.1 million.
  • The company declared a 4.0 cents per share fully franked second-half dividend, taking the FY26 total to 7.0 cents per share.
  • FY27 EBITDA guidance has been upgraded to A$195 million-A$205 million, with EBIT(A) guidance of A$150 million-A$160 million.

SRG Global Ltd (ASX:SRG) shares were trading at A$3.92 on 18 August 2026 at 12:49 pm, up 8.29%, or A$0.30, after the infrastructure services company reported record FY26 financial results and increased its Earnings guidance for FY27.

Revenue for the year ended 30 June 2026 reached A$1.6755 billion, an increase of 27% from FY25. Underlying EBITDA increased 34% to A$170.1 million, while EBIT(A) rose 41% to A$131.8 million. The FY26 EBITDA result was above the company's upgraded guidance range of A$164 million to A$168 million issued in June.

The company also reported EPS(A) of 13.8 cents per share, up 34% from FY25, while the total FY26 Dividend increased 27% to 7.0 cents per share.

Cash Generation Improves Balance Sheet Position

SRG Global's earnings growth was accompanied by a change in its net Debt position. The company ended FY26 with net cash of A$6.2 million, compared with pro forma net debt of A$52.5 million following the TAMS acquisition.

Cash generation was a notable feature of the result, with EBITDA-to-cash conversion reaching 101% during FY26. The improvement in the cash position occurred despite the company's continued expansion and integration activity.

The company said TAMS, acquired during FY26, delivered approximately 10% above its Business case during its first eight months with SRG Global. The marine infrastructure services business has now been fully integrated into the company.

Work in Hand Reaches Record Level

SRG Global ended FY26 with A$5.1 billion of Work in Hand, representing a 42% increase from FY25. The company also reported an opportunity pipeline of A$11.5 billion.

The order position spans sectors including water, energy, industrial and resources, transport, defence, health, education, data centres and ports and marine infrastructure. SRG Global said approximately 80% of its earnings profile is expected to comprise Annuity or recurring earnings in FY26 and beyond.

The company's business is organised across Maintenance & Industrial Services and Engineering & Construction, providing services throughout the asset lifecycle.

Dividend Increases for FY26

The board declared a 4.0 cents per share fully franked second-half dividend, an increase of 33% from the corresponding period last year. Together with the first-half distribution, the total FY26 dividend rises to 7.0 cents per share, up 27% from FY25.

The second-half dividend has a Record Date of 28 August 2026 and a payment date of 11 September 2026.

The increased distribution comes alongside the company's return to a net cash position, allowing SRG Global to report higher Shareholder distributions while continuing its stated growth strategy.

FY27 Earnings Guidance Upgraded

SRG Global has raised its FY27 earnings expectations following the FY26 result. EBITDA guidance now stands at A$195 million to A$205 million, while EBIT(A) guidance has been set at A$150 million to A$160 million.

The updated outlook is supported by the company's record Work in Hand, broader opportunity pipeline and exposure to infrastructure-related sectors. The integration of TAMS is also expected to contribute to the company's earnings profile.

The FY27 guidance represents another step up from the FY26 outcome, with the company continuing its transition toward a diversified infrastructure services business.

Conclusion

SRG Global's FY26 result combines higher revenue and earnings with improved cash generation, a return to net cash and increased dividends. Revenue rose 27%, underlying EBITDA increased 34%, and Work in Hand reached a record A$5.1 billion. The company also exceeded its upgraded FY26 EBITDA guidance and lifted its FY27 EBITDA target to A$195 million-A$205 million. The main developments for investors to monitor are the conversion of the large Work in Hand position into revenue and cash flow, the contribution from TAMS following its integration, and execution against the upgraded FY27 earnings targets.