SRG Global’s Record Results Highlight Risks in Market and Leadership Transition
SRG Global Limited has reported a landmark FY25 with revenue surpassing $1.3 billion and net profit rising 38%, driven by strategic acquisitions and robust contract wins across Australia and New Zealand.
- 24% revenue growth to $1.323 billion in FY25
- Net profit after tax increased 38% to $47.5 million
- Successful integration of Diona acquisition expands capabilities
- Maintenance & Industrial Services segment leads growth
- Board strengthens governance with new director appointment
Record Financial Performance
SRG Global Limited has delivered a standout financial year for FY25, posting a 24% increase in revenue to $1.323 billion and a 38% jump in net profit after tax to $47.5 million. This performance underscores the company’s successful strategic transformation into a diversified infrastructure services provider, with approximately 80% of earnings now derived from recurring revenue streams.
Growth Driven by Strategic Acquisition and Contract Wins
The acquisition and integration of Diona Pty Ltd, completed in September 2024, has been a pivotal factor in SRG Global’s growth. Diona’s expertise in water security and energy transition sectors has broadened SRG’s service offering and geographic footprint, contributing significantly to revenue and profit. The Maintenance & Industrial Services segment, which now includes Diona, recorded revenue of $867.4 million and EBITDA of $121.3 million, reflecting strong contract awards and extensions across key industrial regions in Australia and New Zealand.
Meanwhile, the Engineering & Construction segment maintained robust growth with revenue of $455.9 million and EBITDA of $36.2 million, supported by relationship-based contracting and specialist engineering advisory services. Notable projects include the North Pine Dam strengthening contract with Seqwater and major infrastructure works across mining, transport, and defence sectors.
Strong Balance Sheet and Dividend Growth
SRG Global’s financial position remains solid, with net cash of $16.2 million and available funds of $228.9 million. The company achieved an EBITDA to cash conversion rate of 102%, reflecting efficient operational cash flow management. The Board declared a fully franked final dividend of 3.0 cents per share, bringing total dividends for FY25 to 5.5 cents per share, a 22% increase from the prior year, signaling confidence in sustained shareholder returns.
Governance and Leadership Enhancements
Governance has been strengthened with the appointment of Linda O’Farrell as a Non-Executive Director, bringing extensive experience in organisational culture and workforce strategy. Additionally, Amber Banfield is set to transition to Chair at the upcoming AGM, ensuring continuity in leadership. The Board continues to emphasize disciplined growth, risk management, and ESG commitments, including a strong zero harm safety culture and Indigenous engagement initiatives.
Innovation and ESG Focus
SRG Global is investing in technology platforms such as Orbix and HAIstack to enhance asset integrity and operational efficiency. The company’s ESG framework prioritizes sustainability, community engagement, and governance, with ongoing initiatives in environmental impact reduction, Indigenous employment pathways, and social partnerships. These efforts complement SRG’s strategic focus on long-term, sustainable growth.
Bottom Line?
With a strengthened platform and clear strategic direction, SRG Global is poised for continued growth, but investors will watch closely how macroeconomic and sector dynamics shape its next chapter.
Questions in the middle?
- How will SRG Global leverage Diona’s capabilities to capture emerging water and energy transition opportunities?
- What impact will the leadership transition have on strategic execution and market confidence?
- How resilient is SRG Global’s contract pipeline amid evolving regulatory and economic conditions?
