Symal Group reports $1.14B full year revenue
- Symal Group reported a 28% revenue increase to reach $1.14 billion for the 2026 financial year.
- The construction firm recorded a normalised net profit of $49 million and announced a final dividend of 4.9 cents per share.
- Symal Group stated that the recently announced Shamrock Civil acquisition is expected to support future growth, forecasting FY27 EBITDA between $153 million and $163 million.
Symal Group (ASX:SYL) surpassed $1 billion in annual revenue for the first time, reporting $1.14 billion.
Normalised earnings reached $124.3 million, marking a 17.2% increase over the previous year and exceeding the company's guidance.
Capital expenditure totalled $75.4 million, and $81.5 million was invested in four business acquisitions completed during the year.
"We delivered record performance, expanded our geographic footprint, and further diversified and strengthened our position across key end markets, including defence, utilities and digital infrastructure," said Symal Group Founder and Group Managing Director Joe Bartolo.
The company stated that the pending Shamrock Civil acquisition is expected to finalise during the first quarter of 2027.
Management stated that FY27 earnings are expected to reach $153-$163 million.
Following the announcement, the Symal Group share price was down at $2.76.
Over the past year, the contractor expanded its market footprint by completing four separate corporate acquisitions.
The consolidation strategy enabled the business to diversify operations across the defence, utilities, and digital infrastructure sectors.
