Latest Engineering Services News

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.

EVZ Limited has reported a robust half-year financial performance, with revenue rising 16.5% to $63.1 million and net profit after tax surging 191% to nearly $2 million. The company’s disciplined cash management and improved margins underpin this growth.

Structural Monitoring Systems Plc has removed director Ross Love following a Federal Court decision denying an injunction sought by Love and his associated company. The company continues to face ongoing legal proceedings amid serious workplace allegations.

Austin Engineering Limited has announced an on-market buy-back of its ordinary shares, set to run from December 2025 through October 2026, signaling a strategic move in capital management.

GR Engineering Services Limited has updated its dividend details for the first half of FY2025, declaring a fully franked dividend of 12 cents per share and setting the Dividend Reinvestment Plan price at AUD 3.897 with a 2.5% discount.

Verbrec Limited’s FY2025 results reveal a revenue decline and lower profit from continuing operations, yet a near doubling in net profit attributable to members and a maiden dividend declaration.

Worley Limited has announced an ordinary unfranked dividend of AUD 0.25 per share for the six months ending June 2025, signaling steady shareholder returns amid a complex energy sector landscape.

Worley Limited reported a mixed FY2025 with a slight revenue decline but strong profitability gains and a stable dividend, signaling resilience in engineering services.