Latest Srj Technologies Group PLC (ASX:SRJ) News

SRJ Technologies Group plc has announced a fully underwritten 8-for-9 entitlement offer to raise A$2.53 million, aiming to accelerate its strategic expansion in the Middle East through a UAE acquisition and a significant joint venture contract.

SRJ Technologies has inked a US$6 million joint venture in the Middle East and launched a fully underwritten A$2.5 million entitlement offer to accelerate its regional expansion.

SRJ Technologies has taken a strategic leap by acquiring a UAE entity registered with a regional National Oil Company, positioning itself for direct contracting in the Middle East energy sector. This move is supported by a recent capital raise and ongoing restructuring to sharpen its regional focus.

SRJ Technologies Group has voluntarily suspended its ASX trading as it prepares for a pivotal capital raising and shareholder meeting to secure its financial future.

SRJ Technologies is advancing its transformation into a full-scale Asset Integrity Maintenance provider, appointing a new CEO and relocating its global headquarters to Abu Dhabi to anchor its growth in energy and industrial sectors.

SRJ Technologies reports a 47% drop in Q1 cash receipts but secures significant new contracts and advances a strategic leadership transition aimed at stabilising growth.

SRJ Technologies has extended its consulting contract with SBM Offshore through to the end of FY25, securing additional revenue and reinforcing its role in FPSO asset integrity solutions.

SRJ Technologies has landed a £695k (A$1.45m) contract to deliver advanced inspection and emissions monitoring services on North Sea assets for a global Oil & Gas Supermajor in 2025. This deal highlights SRJ’s growing leadership in emissions monitoring and its strategic push for long-term, high-value contracts.

SRJ Technologies reported a remarkable 178% increase in Q4 FY24 cash receipts, driven by strong contract activity and strategic partnerships, including a key Middle East market entry. Despite some project delays, the company remains confident in its growth trajectory for FY25.