Highlights

  • New contract awards totalling AUD 60 million have been secured across data centre and corporate clients.
  • FY26 revenue guidance increased to AUD 340 million, with profit before tax expected to reach AUD 34 million.
  • Work on hand reached a record AUD 325 million, supporting visibility across future periods.

SKS Technologies Group Ltd (ASX:SKS) has announced a revision to its FY26 earnings guidance following the award of new contracts valued at approximately AUD 60 million. The updated outlook reflects increased activity across data centre and corporate projects, alongside continued growth in the company’s national project pipeline.

Revised FY26 Earnings Outlook

SKS Technologies now expects FY26 revenue to increase from the previous forecast of AUD 320 million to AUD 340 million. The revised guidance also includes an increase in expected net profit before tax margin from 9% to 10%, resulting in an uplift in forecast profit before tax from AUD 28.8 million to AUD 34 million.

The updated forecast follows the award of several large-scale contracts across the data centre and commercial office sectors. These projects add to the company’s existing project base and contribute to a growing backlog of contracted work.

Expansion Across Data Centres and Corporate Projects

Among the recent contract awards is a major electrical services package for the NEXTDC M3 (Stage 4) data centre project in West Footscray, Victoria. The project forms part of a 150MW Tier IV hyperscale campus designed to support increasing demand for AI and cloud computing infrastructure. The contract was awarded by Kapitol Group and involves delivery of critical electrical systems for the facility’s next expansion stage.

SKS Technologies also secured a contract to deliver a fully integrated audio visual, communications, and electrical solution for Ernst & Young’s new Melbourne office at 111 Bourke Street. The project was awarded by Shape Australia and involves works across a 20-level commercial office tower.

Project Pipeline and Sector Exposure

The company reported a record AUD 325 million in work on hand, underpinned by ongoing demand from sectors including data centres, commercial buildings, defence, healthcare, mining, and retail. Repeat business remained high in FY25, with returning clients accounting for 94% of revenue.

SKS Technologies continues to operate nationally, delivering electrical technologies and digital infrastructure services across Australia.

Share Performance Snapshot

As at 5 February 2026, SKS Technologies shares were trading at AUD 3.88, up AUD 0.35 (9.92%) on the day. The stock has increased approximately 78.8% over the past 12 months and 13.12% over the past five trading days.

The S&P/ASX 200 Information Technology Index (ASX:XIJ) was trading at 1,796.40, up 0.40% at midday.

FAQ

Q1: What prompted SKS Technologies to revise its FY26 earnings guidance?
The revision followed the award of approximately AUD 60 million in new contracts across data centre and corporate projects.

Q2: What is SKS Technologies’ updated FY26 revenue forecast?
FY26 revenue is now expected to reach AUD 340 million, up from the previous forecast of AUD 320 million.

Q3: Which sectors do the new contracts cover?
The recent awards include data centre infrastructure and commercial office developments.