Latest Engineering News

Synertec Corporation has reported its first positive net operating cash flow since FY19, underpinned by strong growth in recurring revenues and a landmark contract with Santos for its Powerhouse energy storage system.

Austin Engineering has refinanced $43.9 million of banking facilities with HSBC, simplifying its debt structure and extending its funding platform through to November 2029 to support growth and working capital needs.

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.

Southern Cross Electrical Engineering’s FY26 underlying profits surged despite a $46.1 million WestConnex arbitration settlement dragging statutory net profit sharply lower. The group declared a record dividend and raised FY27 EBITDA guidance by 30%.

Monadelphous has won new construction and maintenance contracts exceeding $110 million, extending its footprint in Papua New Guinea and Western Australia with projects set to run through 2028.

Monadelphous has landed $120 million worth of new contracts spanning resources and renewable energy, including a key battery storage project for Fortescue and expanded services for Rio Tinto.

Monadelphous Group Limited has announced new and extended contracts worth approximately $145 million across key resource sector sites in Australia and Papua New Guinea, reinforcing its longstanding industry presence.

Synertec Corporation Limited has reported a robust first half of FY26, with a 20% increase in group revenue and a significant $135 million engineering tender pipeline, underscoring its growing footprint in energy technology and engineering services.

Austin Engineering has renegotiated its Chile OEM contract, ending losses and setting the stage for profitability and operational turnaround in South America.

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.

Verbrec Limited has promoted Mark Read from CEO to Managing Director, extending his notice period to ensure leadership continuity as the company builds on its recent turnaround.

Southern Cross Electrical Engineering reports a statutory loss of $12.8 million for H1 2025, impacted by WestConnex dispute costs, yet declares a fully franked interim dividend of 2.5 cents per share.