Symal Group (SYL) H2 2026 earnings summary

Executive summary

• Achieved record FY26 financial and operational results with revenue reaching $1.14 billion, up as much as 28% year-over-year, and normalised EBITDA of $124.3 million, exceeding guidance midpoint.

• NPAT rose 7.4% to $49.0 million, with EPS up 7% to 20.6 cps and total dividends of 8.2 cps declared.

• Completed four strategic acquisitions and announced a fifth (Shamrock Civil), expanding recurring revenue, national footprint, and defence capabilities.

• Work-in-hand reached $1.9 billion, up 8% from the prior year, with a tendered pipeline of $9.1 billion.

• Maintained exceptional safety performance with TRIFR of 1.4, 76% below industry average, and zero lost time injuries.

Financial highlights

• Revenue grew to $1.14 billion, up 25.9% year-over-year, with organic growth over 10% and acquisition-driven growth just under 7%.

• Normalised EBITDA reached $124.3 million (11% margin), up from $106.1 million in FY25.

• NPAT was $49.0 million or 20.6 cps, with a slight reduction in NPAT margin due to growth investments.

• Cash conversion was 95%, within the 90%-110% target range, and available liquidity at year-end was $259 million.

• Dividends paid totaled 8.2 cps, with a new dividend reinvestment plan operational.

Outlook and guidance

• FY27 EBITDA guidance set at $153–$163 million, with D&A at $55–$60 million and CapEx at $25–$30 million (pre-acquisitions).

• CapEx expected to normalize after a high-investment year in FY26.

• Focus remains on organic growth, disciplined capital allocation, and opportunistic M&A aligned with strategy.

• Strong pipeline in digital infrastructure, energy, utilities, and defence, with significant addressable markets identified.

• Work-in-hand diversified across infrastructure, energy, digital infrastructure, utilities, and defence.