SKS Technologies Group (ASX:SKS) Confirms Jinks Family Share Sale and Provides Company Update

Aditi Sarkar

07 October 2026 03:55 PM AEDT

SKS Technologies Group (ASX:SKS) Confirms Jinks Family Share Sale and Provides Company Update

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Highlights

Jinks family members sold 10.0 million SKS shares via an on-market crossing.
The family will retain about 21% ownership and remains the majority shareholder.
FY27 guidance points to sales Revenue of about A$500 million and PBT of A$60 million.
Total contracted value on the MEL2 data centre project has reached A$66 million.

SKS Technologies Group Limited (ASX:SKS) announced on 7 October 2026 that members of the Jinks family had sold 10.0 million shares through an on-market crossing. The company also provided an update on its FY27 guidance, recent contract wins and work on hand.

Details of the Share Sale

The vendors were Executive Chairman Peter Jinks, Executive Director Greg Jinks and an associated entity of Matthew Jinks. Peter and Greg Jinks sold the majority of the shares, while Matthew Jinks's associated entity sold around 360,000 shares.

The sale represents about 30% of the shares previously held by the Jinks family. Following the transaction, the family will retain around 21% of the company and remain its majority shareholder.

Reasons and Future Intentions

According to the vendors, the sale was made in response to a high level of inbound interest from investors. It is intended to improve the marketability and Liquidity of SKS shares and to support Wealth diversification.

Peter and Greg Jinks will continue as Executive Directors. The family stated that it retains strong conviction in the company's future prospects and has no intention to conduct further sales for the foreseeable future.

Company Update and Project Pipeline

SKS restated the FY27 guidance it announced on 18 August 2026, projecting sales revenue of about A$500 million and profit before tax of A$60 million. The company said this outlook is supported by expanded bank facilities and strong cash and Working Capital positions.

On 6 October 2026, SKS announced an additional A$38 million in contracted works on the MEL2 data centre project in Melbourne's northwest, bringing total contracted value on the project to A$66 million. As at 30 June 2026, the company had about A$270 million in work on hand and a tender pipeline of A$1.69 billion.

Key Takeaways

The Jinks family sold 10.0 million shares, around 30% of its previous holding.
The family retains about 21% and has no intention to sell further shares for the foreseeable future.
FY27 guidance stands at about A$500 million in sales revenue and A$60 million PBT.
MEL2 contracted value is A$66 million, with a tender pipeline of A$1.69 billion as at 30 June 2026.

FAQs

Q: How many shares did the Jinks family sell?

A:A total of 10.0 million SKS shares were sold through an on-market crossing.

Q: What stake does the Jinks family retain?

A:The family will retain about 21% of the company and remains the majority shareholder.

Q: Why were the shares sold?

A:The sale responded to inbound investor interest and aims to improve share liquidity and support wealth diversification.

Q: What is SKS's FY27 guidance?

A:The company projects sales revenue of about A$500 million and profit before tax of A$60 million.

Q: What is the MEL2 data centre project value?

A:Following A$38 million in additional works, total contracted value on MEL2 is A$66 million.

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