SKS Technologies Group (SKS) H2 2025 earnings summary

Executive summary

• Revenue reached $261.7M in FY25, a 92% increase year-over-year, with a 64.7% CAGR over five years.

• EBITDA rose 161.2% to $23.47M, and profit before tax up 219.8% to $20.79M, with NPAT more than doubling to $14.03M.

• Major growth was driven by both traditional business lines and a surge in data centre projects, with data centre revenue at $140.7M and comprising 53.8% of total revenue.

• Work on hand doubled to $200M, and open tenders reached $517M, indicating a robust pipeline.

• Safety record maintained with zero or only one lost time injury despite a 35.9% increase in employees and 69.1% more hours worked.

Financial highlights

• Revenue: $261.7M (up 92% YoY); EBITDA: $23.47M (up 161.2% YoY); NPAT: $14.03M (up 111.8% YoY); EBIT up 192.2% from $7.06M to $20.64M.

• Profit before tax margin improved to 7.9% from 4.8% last year.

• Cash from operations reached $34.99M (up from $8M), net cash flows $29M (up from $3M), and cash in hand $32.5M (up from $3M).

• Working capital rose to $16.02M from $5M, up 212.9% year-over-year.

• Full-year dividend of $0.06 per share declared, with a final fully franked dividend of $0.05 per share.

Outlook and guidance

• FY26 revenue guidance set at approximately $300M, supported by a strong order book and expanding data centre market.

• Order book at the start of FY26 stands at $200M, with $40M expected to flow into FY27.

• Strong demand anticipated across all market sectors, especially in data centres, with a growing pipeline.

• Continued focus on organic growth, margin improvement, and opportunistic acquisitions.

• Board expects another year of increases in FY26, with focus on risk management and sector diversification.