SHAPE Australia (SHA) Trading update summary

Q1 trading performance

• Q1 FY27 project wins were $504.6 million, versus $336 million in the prior corresponding period; quarter-end backlog was $762.7 million, up 21% since 30 June 2026.

• Modular construction Q1 revenue was $20.6 million, compared with $14.5 million in the prior corresponding period.

DigiCo data centre award

• An approximately $800 million DigiCo data centre contract awarded in October lifted project wins above $1.4 billion and backlog above $1.5 billion as at 19 October 2026.

• The project is expected to add approximately $200 million of accretive revenue in each of FY27 and FY28, above pre-award forecasts; expansion funding is from existing liquidity, debt facilities and US asset-sale proceeds.

• DigiCo confirmed the customer contract, with approved grid capacity, water access and State Significant Development Approval; delivery follows an ECI process after the 20 MW SYD1 Stage 1 upgrade.

• A dedicated delivery team of 50-plus combines Stage 1 personnel and data centre specialists; major subcontract pricing and terms are secured back-to-back with head-contract commitments.

Diversification and pipeline

• Modular by SHAPE launched its third national facility in Perth and secured its first Western Australian project through the Government modular panel for the Department of Education Modular Building Program.

• Regional operations contributed project wins, with notable contributions from Tasmania; all three growth and diversification pillars were reported as performing well.

• Known project opportunities over the next 120 days exceeded $1.7 billion and the total pipeline exceeded $4.5 billion as at 19 October 2026.

• Backlog and pipeline figures exclude Arden Fitout & Maintenance Pty Ltd and Australian Professional Shopfitters Pty Ltd.