SRG Global Thrives.
SRG Global's FY26 Revenue Jumps 27%, Upgrades FY27 Guidance Amid Strong Growth and ASX 200 Entry.
Key Points
Underlying EBIT(A) rose 41% to $131.8 million, with underlying EPS(A increasing 34% to 13.8 cents per share, signaling stronger profitability alongside higher revenue.
Post-TAMS, SRG Global carried pro forma net debt of about $52.5 million, highlighting a balance-sheet shift from the acquisition despite the net cash position at year-end.
The TAMS acquisition became effective on 1 November 2025 and is now fully integrated, delivering beyond the initial business case (around 10% above expectations).
Segment-level performance shows Maintenance & Industrial Services revenue up 33% to $1,149.8 million and Engineering & Construction revenue up 15% to $525.7 million, underscoring diversified growth drivers.
Dividend timetable details differ across reports: Kalkine cites ex-dividend date of 27 August 2026, while Grafa lists 28 August 2026 (record date 28 August; payment 11 September 2026).
SRG Global (ASX:SRG) posted record FY26 revenue of $1.68 billion, up 27% year over year, as the Australian engineering and services group beat its own upgraded guidance and lifted its FY27 earnings forecast. Underlying EBITDA reached $170.1 million — a 34% rise that topped the upper end of the revised guidance range of $164–$168 million, according to Kalkine Media.
Shares surged on the news, which also included a swing to a net cash position of $6.2 million and a record Work in Hand of $5.1 billion. The result signals a company firing on all cylinders, with profit up sharply and a major acquisition already paying off ahead of schedule, TipRanks reported.
Profit Jumps 51% as All Divisions Deliver Growth
Net profit after tax climbed 51% to $71.9 million. Underlying earnings per share rose 34% to 13.8 cents. Underlying EBIT also jumped 41% to $131.8 million. These gains were spread across both business arms, according to Kalkine.
Maintenance and Industrial Services — the larger division — grew revenue 33% to $1,149.8 million. Engineering and Construction revenue rose 15% to $525.7 million. The breadth of growth shows the company is not relying on a single project or sector to drive results.
TAMS Acquisition Beats Expectations by 10%
SRG Global completed its TAMS acquisition on 1 November 2025. TAMS expanded the company's marine and ports capabilities. The deal has already delivered about 10% above the initial business case, meaning it is performing better than management expected, Grafa reported.
The acquisition did shift the balance sheet. Post-TAMS, SRG carried pro forma net debt of about $52.5 million — a change from the $6.2 million net cash position at year-end. Even so, cash conversion from EBITDA hit 101%, showing the business generates cash efficiently, according to Kalkine Media.
FY27 EBITDA Guidance Upgraded to Up to $205 Million
Backed by a record $5.1 billion Work in Hand — essentially a pipeline of future contracts — SRG upgraded its FY27 EBITDA guidance to $195–$205 million. That range sits well above the $170.1 million delivered in FY26. TipRanks noted the guidance upgrade as a key driver of the share price surge.
SRG also joined the ASX 200 in March 2026, a milestone that reflects broader market recognition of the company's growth. Inclusion in a major index typically attracts new institutional investors, which can support the share price over time.
Final Dividend of 4 Cents Brings Full-Year Payout to 7 Cents
SRG Global declared a final dividend of 4 cents per share, fully franked at a 30% corporate tax rate. That brings the total FY26 dividend to 7 cents per share. Fully franked means shareholders also receive a tax credit alongside the cash payment, Kalkine reported.
The ex-dividend date is around 27–28 August 2026, with payment on 11 September 2026. Note that Kalkine cites 27 August as the ex-dividend date, while Grafa lists 28 August as the record date — investors should confirm the exact date with ASX announcements.
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