Latest Sks Technologies (ASX:SKS) News

SKS Technologies has delivered a third consecutive year of record growth, lifting FY26 revenue to $348 million and net profit by 93%, driven by a surge in data centre projects and strategic acquisitions.

Pentanet led the technology board with a 53.33% weekly rise, while Ava Risk Group and Acusensus also posted strong gains. Software subscriptions, AI tools and cloud services drove many company updates, but some early share-price gains faded.

SKS Technologies Group is set to surpass its February profit forecast with an unaudited before-tax profit of $39.3 million, driven by operational discipline and scalable growth.

Small-cap tech trading split into two clear camps this week: profit-backed winners and capital-raising laggards. Big contracts, rising recurring revenue and a major takeover kept money flowing into selected names.

SKS Technologies has landed a $28 million early works contract for the MEL2 hyperscale data centre in Melbourne, boosting its FY27 order book to $312 million amid a surging Australian data centre pipeline.

Small-cap tech buyers chased AI, defence and digital infrastructure this week, while a few names gave back gains after reopening jumps. The biggest moves came from contract wins, fresh capital and clear signs that products are getting closer to real sales.

SKS Technologies has landed a $22 million contract to deliver integrated electrical systems for a major retailer's new Melbourne headquarters, pushing its order book to $355 million amid a booming project pipeline.

Speculative growth names and biotech drove the biggest gains this week, while one consumer staple copped the heaviest selling after cutting guidance. Deal flow stayed busy, but investors were even more responsive to hard numbers: profit upgrades, feasibility studies, contract wins and fresh drilling results.

Small-cap tech money chased clear revenue stories, AI products and contract wins this week. The biggest moves came from Xref and ION Video, while BluGlass fell after tapping investors for fresh cash.

SKS Technologies has boosted its Melbourne data centre contract to $210 million, reflecting a significant project scope increase and reinforcing its position in the Australian data centre infrastructure sector. The company is also advancing its NSW footprint with a new $3 million electrical upgrade contract.

Small caps stole the week, led by a big funding deal in gold and two revenue breakouts. Meanwhile, some well-known names slid after profit updates failed to calm nerves on costs and outlooks.

One microcap exploded higher on a tiny capital raise, while several software names were sold hard despite reporting growth. The week split cleanly between “cash in the bank” stories and “still burning cash” worries.