Australia's SRG Global rises on strong FY results, outlook

SRG Global

19/08/2025 02:06

** Shares of Australia's SRG Global SRG.AX rise as much as 7.2% to A$1.72, hitting highest level since July 1

** Diversified infrastructure services firm records higher FY NPAT(A) of A$61 million ($39.60 million), compared with A$40.3 mln a year earlier

** Delivers higher FY dividend of 5.5 Australian cents per share, compared with 4.5 cents a year ago

** Sees ~10% FY26 EBITDA/EBIT(A) growth on FY25

** Says transitioned to net cash of A$16.2mln from proforma net debt of A$38.2 mln in FY

** Stock logs biggest intraday pct gain since June 25

** SRG last up 5.1%, bringing YTD gains to 21.8%

($1 = 1.5404 Australian dollars)

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))