SRG Global (SRG) AGM 2026 presentation summary

FY26 financial performance

• Revenue $1,675.5m, up 27% YoY; EBITDA $170.1m, up 34%; EBIT(A) $131.8m, up 41%; NPAT(A) $85.3m, up 40%.

• EBITDA margin 10.2%, up from 9.6%; EBIT(A) margin 7.9%, up from 7.1%; NPAT(A) margin 5.1%, up from 4.6%.

• EPS(A) 13.8 cps, up 34% YoY; FY26 dividends 7.0 cps, up 27%, including a 4.0 cps 2H dividend, up 33%.

• EBITDA cash conversion 101%; returned to net cash of $6.2m from pro forma net debt of $52.5m post-TAMS.

Segment delivery

• Maintenance & Industrial Services revenue $1,149.8m, EBITDA $164.7m at 14.3% margin and EBIT(A) $137.1m at 11.9% margin; TAMS exceeded its FY26 business case by ~10%.

• Engineering & Construction revenue $525.7m, EBITDA $40.6m at 7.7% margin and EBIT(A) $31.8m at 6.0% margin; results were in line with historical levels.

• Maintenance & Industrial Services secured long-term contracts across Australia and New Zealand; TAMS expanded port and marine capabilities and was fully integrated.

• Engineering & Construction won water, transport, defence, renewable energy, health, education and data-centre work, supported by its early contractor engagement model.

Growth outlook

• Work in hand $5.1b and opportunity pipeline $11.5b, both as at June 2026, support growth across diverse sectors and geographies.

• FY27 guidance upgraded to EBITDA of $195m–$205m and EBIT(A) of $150m–$160m, from prior EBITDA guidance of $190m–$200m.

• Earnings profile is ~80% annuity/recurring; strategy targets recurring-services growth, selective E&C expansion, engineered products and water-security and energy-transition opportunities.

• Strategic execution delivered 320% EPS(A) growth over five years; FY26 revenue reached $1,675.5m and EBITDA $170.1m.