Symal Group (ASX:SYL) announced a robust financial performance for the first half of the 2026 fiscal year, characterised by double-digit revenue growth and an expansion of its project pipeline.
For the period ended Dec. 31, 2025, the company reported normalised revenue of $504.2 million, marking a 20.7% increase compared to the prior corresponding period.
The growth translated to a normalised EBITDA of $51.4 million, up 5.5%, and a normalised NPAT of $19.9 million.
During the half, Symal completed the purchase of Locale Civil and McFadyen Group, while further announcing the intended acquisitions of Timms Group, L&D Contracting, and Davison Earthmovers.
Despite a total outlay of $36 million for these acquisitions and a $13.8 million dividend payment, the group maintained a healthy net cash position of $6.1 million and a cash conversion rate of 108%.
Managing Director Joe Bartolo highlighted the strength of Symal’s diversified model, noting that the company’s work-in-hand stands at an estimated $1.64 billion.
The deep pipeline provides a solid foundation for the second half of the year.
Symal has reaffirmed its FY26 normalised EBITDA guidance of $117 million to $127 million, excluding future uplifts from pending acquisitions.
Shareholders are set to receive a fully franked interim dividend of 3.3 cents per share.
At the time of reporting, Symal Group's share price was $2.46.