Latest Infrastructure Sector News

KGL Resources has completed a A$300 million equity raise, fully funding the Jervois Copper Project through construction and into production, with key contracts signed and development activities underway.

Ventia Services Group has won two major Intelligent Transport Systems maintenance contracts in Victoria's Central and East regions, valued at $160 million over five years, reinforcing its transport infrastructure foothold.

Service Stream Limited (ASX: SSM) posted a modest 1.1% revenue rise to $2.35 billion for FY26, driven by Utilities and Asset & Facility Management growth, including a new Defence contract. EBITDA from operations surged 11.8% to $163.4 million, while statutory NPAT dipped 3.8% due to $21.2 million in ERP modernization costs. The company declared a final dividend increase to 3.5 cents per share.

Boom Logistics reported a 38% rise in operating net profit after tax to $12.8 million on 2% revenue growth to $271 million, underpinned by contract wins and disciplined capital management.

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%.

Spark New Zealand will transition its board chairmanship to Vince Hawksworth following Justine Smyth’s departure in November 2026. Hawksworth brings extensive executive experience in regulated utilities and infrastructure to the telecommunications company’s leadership.

Synertec Corporation Limited (ASX:SOP) reported a 19% revenue increase in FY26 alongside its first net operating cash inflow since FY19. The company raised approximately A$6 million through an institutional placement to support working capital and growth initiatives while reaffirming FY27 revenue guidance.

Macmahon Holdings has agreed to sell a partial stake in its Homeground accommodation village to Allcap Securities, aligning itself with a $20 billion infrastructure push in Gladstone. The deal opens doors for Macmahon to tap into civil contracting opportunities linked to the massive Project Velocity.

Rubik Australia has officially acquired 100% of Qube Holdings shares through a scheme of arrangement, with Qube set to be delisted from the ASX on 17 August 2026.

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.