SRG Global Ltd
ASX:SRG
SRG Global Ltd
SRG Global Ltd. is an engineering-led global specialist asset services, mining services and construction group operating across the entire asset lifecycle of engineer, construct and sustain. The company is headquartered in Subiaco, Western Australia. The company went IPO on 2007-08-17. The company operates through three segments: Asset Services, Mining Services and Construction. The Asset Services segment includes Specialist Maintenance and Access Solutions. Specialist Maintenance services focused on refractory, oil and gas, industrial assets and transport and marine infrastructure. Access Solutions includes comprehensive structural and technical access solutions. The Mining Services segment includes Production Drill & Blast and Specialist Geotech. Production Drill & Blast included a range of complementary production drill & blast services working across multiple commodities including gold, precious metals and iron ore. The Construction segment includes Civil & Engineering and Specialist Building. Civil & Engineering includes specialist engineering, post-tensioning and construction services for complex structures in key markets.
SRG Global Ltd. is an engineering-led global specialist asset services, mining services and construction group operating across the entire asset lifecycle of engineer, construct and sustain. The company is headquartered in Subiaco, Western Australia. The company went IPO on 2007-08-17. The company operates through three segments: Asset Services, Mining Services and Construction. The Asset Services segment includes Specialist Maintenance and Access Solutions. Specialist Maintenance services focused on refractory, oil and gas, industrial assets and transport and marine infrastructure. Access Solutions includes comprehensive structural and technical access solutions. The Mining Services segment includes Production Drill & Blast and Specialist Geotech. Production Drill & Blast included a range of complementary production drill & blast services working across multiple commodities including gold, precious metals and iron ore. The Construction segment includes Civil & Engineering and Specialist Building. Civil & Engineering includes specialist engineering, post-tensioning and construction services for complex structures in key markets.
Record Results: SRG Global reported its strongest ever half-year, with EBITDA of $71 million, up 20% year-on-year, and EBIT of $53.2 million, up 6%.
Dividend Growth: Earnings per share rose 20% to $0.055, and the interim dividend increased 20% to $0.03 per share, fully franked.
Guidance Upgraded: Management raised FY '26 EBITDA guidance to $164–168 million, reflecting continued confidence in growth.
Strong Cash Generation: EBITDA to cash conversion was 97%, net debt reduced to $21.2 million, and liquidity stands at $273 million.
TAMS Acquisition: Integration of TAMS is progressing well and delivering above expectations, providing strategic opportunities in marine infrastructure.
Robust Pipeline: Work in hand rose 24% to $4.2 billion, with 80% of earnings recurring, supporting visibility and future growth.
Segment Performance: Maintenance & Industrial Services is the main growth engine; Engineering & Construction set for a stronger second half due to timing.
