Latest Work In Hand News

SKS Technologies’ Jinks family has sold 10 million shares in an on-market crossing, but will retain about 21% of the company and says no further sales are planned for the foreseeable future. The company also reaffirmed FY27 expectations of approximately $500 million in revenue and $60 million in PBT.

SKS Technologies has secured another $38 million of electrical infrastructure and fit-out work at Built’s MEL2 data centre in Melbourne, taking the project’s total value to $66 million. The award lifts SKS’s current work on hand to $270 million, although the announcement does not disclose margins or delivery timing.

Alfabs Australia’s FY26 reset preserved free cash flow despite a sharp earnings decline, while Mining growth and debt refinancing form the bridge to a potential dividend restart. The company enters FY27 leaner, but the plan still depends on execution, cash conversion and Phase II debt restructuring.

Korvest has entered FY27 with record work on hand after completing a new 3,500 square metre Kilburn factory, even as FY26 profit and operating cash flow declined. The ASX-listed manufacturer maintained its 40-cent fully franked final dividend and plans another $4 million capacity investment.

Verbrec Limited accelerated its growth trajectory in FY2026, driven by a strategic acquisition and divestment, delivering a 52% revenue increase and a near tripling of net profit.

Symal Group (ASX: SYL) delivered record FY26 results, surpassing $1 billion in revenue and completing four strategic acquisitions to diversify its infrastructure services platform.

Ventia Services Group reported a 4.7% revenue decline in HY26 but boosted underlying EBITDA by 8.2%, delivering margin expansion and raising its fully franked interim dividend while upsizing its buyback program.

Maas Group Holdings posted a record FY26 with underlying EBITDA up 37% to $300.3 million, driven by electrical manufacturing growth. The $1.7 billion sale of its Construction Materials division to Heidelberg Materials is set to reshape its capital allocation and growth strategy.

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.

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.

Synertec Corporation has affirmed that its recent announcements on a $4 million AGL contract and a 40-50% revenue growth forecast for FY27 were material and disclosed promptly, maintaining confidentiality until release.

Mayfield Group Holdings has finalized its acquisition of Nilsen's Switchboards Division, adding skilled staff and new product lines to boost manufacturing capacity and revenue growth prospects for FY27.