Latest Work In Hand News

FDC Consolidated Holdings has lifted its FY27 revenue guidance to $2.00-$2.08 billion and normalised EBIT guidance to $105-$110 million. The upgrade follows project execution, unaudited earnings performance and new contract wins, while its order book has grown 14% since June.

Service Stream will acquire Programmed for $975 million and raise $475 million in new equity, targeting more than 20% pro forma FY27 EPS-A accretion. The deal would sharply increase scale, but also leaves shareholders facing dilution, higher debt and a substantial integration task.

Korvest expects its first-half FY27 trading result to come in significantly above the prior corresponding period and ahead of the stronger second half of FY26. The outlook follows record FY26 revenue, a growing order book and major investment in manufacturing capacity.

Synertec Corporation (ASX: SOP) has entered FY27 with $74.3 million of contracted work-in-hand, up 395% on the prior year, while maintaining revenue guidance of $37.5 million to $40.0 million. Revenue rose 18% in the first quarter and monthly EBITDA reached breakeven in September, although cash remained under pressure as project delivery accelerated.

NRW Holdings delivered record FY26 revenue and earnings after folding Fredon into a new EMIT division, while debt-funded expansion lifted leverage. The company enters FY27 with A$7.5 billion of secured work, a larger banking facility and a sharper test of whether diversification can keep converting into cash.

Saunders International says it expects revenue growth and sustained second-half margin improvement in FY27 after reporting record FY26 revenue of A$305.6 million. Its opportunity pipeline reached A$5.1 billion, although converting that pipeline into profitable work remains the central test.

Service Stream has reported higher margins, earnings and dividends for FY26, while its newly mobilised Defence operations are positioned to contribute more meaningfully in FY27. The company enters the new year with $8.2 billion of work in hand, a net cash balance sheet and a positive but non-specific growth outlook.

Verbrec has secured approximately A$22 million of water and wastewater infrastructure awards since the start of FY2027, led by a NZ$15.1 million headworks project in New Zealand. The contracts extend into FY2028 and support the company’s existing FY2027 revenue guidance, although margins and cash-flow timing remain undisclosed.

Alfabs has carried its cash-generation reset into FY27, producing $2.4 million of free cash flow and cutting net debt to $35.5 million in the September quarter. Mining hire rates strengthened, but weak engineering demand and unfinished debt refinancing still stand between the company and a dividend restart.

SHAPE Australia has won an approximately $800 million fixed-price contract to expand DigiCo’s SYD1 data centre campus by 52 MW. The award lifts SHAPE’s work in hand above $1.4 billion and is expected to contribute materially to revenue across FY27 and FY28.

Symal has reaffirmed its FY27 guidance and raised its FY30 EBITDA ambition to more than $230 million, while pointing to $1.9 billion of work-in-hand and a $9.1 billion tendered pipeline. The contractor is increasingly leaning into energy, digital infrastructure, utilities and defence, with about 75% of FY27 revenue already secured.

SKS Technologies has denied knowledge of undisclosed information after ASX queried a sharp share price reversal and significant trading volume. The company said its projects, work in hand and data centre opportunity pipeline remained unchanged.