How Did FY26 Cash Conversion and Contract Wins Shape SRG Global Ltd (ASX:SRG)?

Aditi Sarkar

30 October 2026 05:34 PM AEDT

How Did FY26 Cash Conversion and Contract Wins Shape SRG Global Ltd (ASX:SRG)?

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Highlights

On 30 October 2026, SRG Global Ltd (ASX:SRG) was quoted at AUD 3.425, down 0.44% in the available market figures. The article covers its reported earnings, activities and Business outlook.
FY26 Revenue reached AUD 1,675.5 million, an increase of 27% YoY. Underlying EBITDA rose 34% YoY to AUD 170.1 million, while EBIT(A) increased 41% YoY to AUD 131.8 million.
FY26 work in hand reached AUD 5.1 billion, up 42% YoY. Management identified an opportunity pipeline of AUD 11.5 billion, which is separate from secured work in hand.

SRG Global Ltd (ASX:SRG) provides construction, engineering and asset-maintenance services across infrastructure and industrial markets. On 30 October 2026, (ASX:SRG) was quoted at AUD 3.425, a decline of 0.44% on the day. The review separates reported financial outcomes, operational developments and management guidance.

Financial Performance and Reporting Measures

SRG Global Ltd (ASX:SRG) reported the following financial position for the indicated period: FY26 revenue reached AUD 1,675.5 million, an increase of 27% YoY. Underlying EBITDA rose 34% YoY to AUD 170.1 million, while EBIT(A) increased 41% YoY to AUD 131.8 million. The comparative figures relate to the same reporting period in the preceding year, unless another reference date is specifically stated.

Cash conversion of EBITDA was 101% in FY26. The group reported net cash of AUD 6.2 million, compared with pro forma net Debt of AUD 52.5 million following its TAMS acquisition. These figures represent the measures identified by the company, and are not interchangeable with unrelated financial indicators. The distinction between cash, statutory earnings, and adjusted measures remains relevant where the report presents more than one basis of performance.

Operating Developments and Portfolio Activity

Operational activity at SRG Global Ltd (ASX:SRG) covered several areas of the business. FY26 work in hand reached AUD 5.1 billion, up 42% YoY. Management identified an opportunity pipeline of AUD 11.5 billion, which is separate from secured work in hand.

TAMS, acquired effective November 2025, contributed marine infrastructure capabilities and was reported as fully integrated. Management described about 80% of the Earnings profile as Annuity or recurring. The business activities described here are the individual developments identified for SRG Global Ltd (ASX:SRG); their status is reported as completed, planned or ongoing according to the disclosure.

Business Outlook and Capital Position

FY27 EBITDA guidance was increased to AUD 195 million–AUD 205 million and EBIT(A) guidance to AUD 150 million–AUD 160 million. These are company targets, not realised outcomes. Where the company presents management expectations, the stated periods and qualifications are preserved rather than treated as achieved operating results.

FY26 EPS(A) reached 13.8 cents, up 34% YoY. The fully franked final Dividend was 4.0 cents per share, bringing FY26 total dividends to 7.0 cents, up 27% YoY. The combination of reported operating measures, financial results and company-stated plans documents the principal areas of activity at SRG Global Ltd (ASX:SRG) without attributing movements in the share price to any single development.

Key Insights

SRG Global Ltd (ASX:SRG) reported changes across its financial and Operating Activities during the periods covered. The key items include fy26 revenue reached aud 1,675; fy26 work in hand reached aud 5; and fy27 ebitda guidance was increased to aud 195 million–aud 205 million and ebit(a) guidance to aud 150 million–aud 160 million. These are separate company measures: completed financial outcomes, operating activity and management expectations are identified on their respective bases. The figures should be read with their original dates and definitions, while the 29 October share-price reference records the market Quotation for that historical date.

FAQs

Q: What does SRG Global Ltd (ASX:SRG) do?

A: It operates in construction, engineering and asset-maintenance services across infrastructure and industrial markets.

Q: What was the principal financial figure reported by (ASX:SRG)?

A: FY26 revenue reached AUD 1,675.

Q: Which other operating measure featured for (ASX:SRG)?

A: FY26 work in hand reached AUD 5.

Q: What business development was identified by SRG Global Ltd (ASX:SRG)?

A: TAMS, acquired effective November 2025, contributed marine infrastructure capabilities and was reported as fully integrated.

Q: What guidance or capital item was included for (ASX:SRG)?

A: FY27 EBITDA guidance was increased to AUD 195 million–AUD 205 million and EBIT(A) guidance to AUD 150 million–AUD 160 million.

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