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Symal’s $35M Locale Buy Boosts Utility Civil Earnings by $8M in FY26
9:27pm on Friday 29th of August, 2025 AEST
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Infrastructure
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Symal’s $35M Locale Buy Boosts Utility Civil Earnings by $8M in FY26
9:27pm on Friday 29th of August, 2025 AEST
Key Points
Acquisition of Locale Civil for up to $35 million including earn-out
Locale holds a 6-year $230 million civil works contract with Power Network Services
Forecast $8 million normalized EBITDA uplift in FY26
Deal expected to be earnings per share accretive from year one
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