Latest Industrial Services News

Downer EDI Limited reported a 58% jump in profit after tax and a near 60% rise in earnings per share for FY2026, even as revenue declined 7.5%. The company continued its share buy-back program and declared higher dividends.

Cleanaway Waste Management reported a 13.5% revenue increase and 14.2% underlying EBIT growth in FY26 despite a statutory profit drop, advancing its Blueprint 2030 2.0 strategy and facing a $9.4 billion takeover bid.

SRG Global reported record FY26 results driven by strong operational delivery, strategic acquisition of TAMS, and enhanced sustainability governance. The company upgraded its FY27 EBITDA guidance to $195–205 million, supported by a $5.1 billion work in hand and $11.5 billion opportunity pipeline.

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.

Acrow Limited has secured Phase 1 clearance from the ACCC for its AusGroup Industrial Services acquisition, removing a key regulatory hurdle and setting the stage for completion by the end of August.

SGH Ltd (ASX:SGH) reported a 1% rise in underlying EBIT to $1.55 billion for FY26, driven by margin gains at Boral and WesTrac, alongside a disciplined capital allocation strategy including a $500 million on-market buy-back.

SSH Group’s FY26 revenue jumps 20% on a statutory basis and 75% pro forma following the EMS acquisition, marking a transformational growth phase.

Boom Logistics has locked in a five-year extension with BHP at Olympic Dam, underpinning $40 million in annual revenue and reinforcing its long-term partnership strategy.

Ashley Services Group is set to acquire major logistics labour hire contracts generating $162 million in annual revenue, with the deal expected to enhance earnings per share in FY27.

Tasmea Limited forecasts over 70% earnings growth in FY27, driven by acquisitions and organic expansion, underpinned by a record order book and strong industry demand.

Acrow Limited has secured full underwriting for its $10 million Share Purchase Plan, complementing a recent $70 million placement, with shareholder approval pending for any shortfall shares.

Acrow Limited has secured $70 million through a fully underwritten two-tranche placement to acquire Ausgroup Industrial Services and Preston SuperDeck, boosting its FY27 revenue and EBITDA guidance significantly.