Saunders International has landed a $16.4 million contract to refurbish a fuel storage tank at Ampol’s Lytton Refinery, reinforcing its role in Australia’s energy infrastructure upgrades.
- Awarded $16.4 million contract at Ampol’s Lytton Refinery
- Project involves renewal of existing fuel storage tank
- Contract secured under existing Master Services Agreements
- Expected revenue contribution in FY26 and FY27
- Strengthens Saunders’ position in the Energy sector
Contract Win Highlights Strategic Energy Focus
Saunders International Limited (ASX, SND) has announced a significant contract win valued at $16.4 million, marking a notable milestone in its Energy sector strategy. The project involves the renewal and refurbishment of a fuel storage tank at Ampol’s Lytton Refinery in Brisbane, a critical facility in Australia’s fuel supply chain.
This award comes under Saunders’ existing Master Services Agreements with Ampol, underscoring the strength and longevity of their partnership. It also reflects Saunders’ deliberate focus on four key sectors, with Energy being a core pillar alongside Defence, Water, and Resources & Industrials.
Supporting Infrastructure Resilience and Future-Proofing
The refurbishment project is part of Ampol’s broader initiative to upgrade and future-proof its refinery infrastructure. By renewing the fuel storage tank, the project aims to enhance the resilience, reliability, and operational longevity of the refinery’s critical assets. This aligns with national priorities to maintain robust energy infrastructure amid evolving market demands and regulatory environments.
Angelo De Angelis, Saunders’ Managing Director and CEO, emphasised the strategic importance of such projects, noting that they reinforce client confidence and demonstrate Saunders’ capability to deliver complex infrastructure solutions that underpin Australia’s energy security.
Financial and Market Implications
The project is set to commence immediately, with revenue and earnings contributions expected across the 2026 and 2027 financial years. While the announcement does not detail margin expectations or cost structures, the contract’s size and client profile signal positive momentum for Saunders within the competitive energy infrastructure market.
Investors will be watching closely for updates on project execution and any further contract awards that could build on this momentum. The deal also highlights the value of long-term client relationships and Master Services Agreements in securing steady workstreams in infrastructure sectors.
Bottom Line?
Saunders’ latest contract win cements its foothold in energy infrastructure, setting the stage for sustained growth amid Australia’s evolving energy landscape.
Questions in the middle?
- How will this contract impact Saunders’ profit margins and cash flow in FY26 and FY27?
- Are there plans for further expansion in the Energy sector beyond this project?
- What risks or challenges could affect the timely delivery of the Lytton Refinery refurbishment?