SKS Technologies (ASX:SKS) announced an upgrade to its financial year 2026 earnings forecast, driven by $60 million in new contract awards across the data center and corporate sectors.
Key wins include electrical and communications work for the NEXTDC M3 hyperscale campus and a full-service fit-out for Ernst & Young’s new Melbourne headquarters.
Consequently, the company has raised its revenue guidance to $340 million, up from the previous $320 million estimate.
The surge in project activity is also expected to improve operational efficiency, with net profit before tax margins projected to rise from 9% to 10%.
The shift effectively boosts the forecasted profit before tax to $34 million, a substantial jump from the earlier $28.8 million target.
CEO Matthew Jinks attributed this momentum to a record $325 million work-on-hand pipeline and the company’s strengthening foothold in the high-growth AI and cloud computing infrastructure markets.
At the time of reporting, SKS Technologies' share price was $3.85.