Latest Engineering Services News

Synertec has identified ANSTO as the client behind its $45.5 million engineering contract, with about $36 million of revenue expected during the first 26 months. The project could improve FY27 revenue, but the company has not yet revised its guidance.

Synertec has landed a $45.5 million engineering services contract with an undisclosed Australian Government agency, locking in revenue visibility through FY35 and marking a major step in its infrastructure sector growth.

GR Engineering Services secured $100 million through a heavily supported institutional placement priced at $6.10 per share, alongside a $10 million Share Purchase Plan for retail investors. The capital raise aims to bolster the balance sheet ahead of a busy contract delivery phase.

GR Engineering Services delivered a record EBITDA of $63.1 million in FY26, secured over $1 billion in new contracts, and announced a $110 million equity raise to support a forecast revenue surge in FY27.

LaserBond Limited lifted net profit by 27.7% to $4.91 million for FY26, supported by a 10.8% revenue increase and a 15% EBITDA rise. The company declared a fully franked final dividend of 0.8 cents per share, maintaining its dividend policy amid growth plans.

Lycopodium Limited reported a solid FY26 with $377.5 million revenue, a slight profit dip, and a 69% dividend hike, while setting sights on accelerated growth in the Americas.

Verbrec Limited confirms a robust FY2026 with revenues up nearly 50%, while unveiling a bullish FY2027 outlook driven by full-year Alliance Automation integration and expanding project pipelines.

Southern Cross Electrical Engineering (ASX:SXE) has launched a non-underwritten Share Purchase Plan targeting up to $15 million at $4.00 per share, matching its recent institutional placement price. The raise aims to support working capital for new projects and provide flexibility for future acquisitions.

Southern Cross Electrical Engineering (ASX:SXE) has secured $150 million through a fully underwritten institutional placement priced at $4.00 per share, aiming to support new contracts and potential acquisitions. A $15 million share purchase plan will follow, offering existing shareholders a chance to participate.

GR Engineering Services Limited has updated its dividend announcement, confirming a fully franked ordinary dividend of AUD 0.12 per share and setting the Dividend Reinvestment Plan price at AUD 3.9507 with a 2.5% discount.

Austin Engineering Limited has reported a dramatic fall in revenue and EBITDA for the first half of fiscal 2026, yet it has declared a modest interim dividend, signalling cautious confidence amid challenges.

GR Engineering Services reports a solid half-year performance with $218 million revenue and a raised interim dividend, underscoring confidence amid softer top-line results.