Australia's Symal Group hits record high on Davison Earthmovers' acquisition

Symal

19/12/2025 24:02

** Shares of Symal Group SYL.AX rise as much as 6.4% to a record high of A$3.470

** The construction services provider acquires 80% of civil contractor Davison Earthmovers for A$23.2 million ($15.34 million)

** Expects to deliver annualised underlying EBITDA of ~A$7 million

** Stock is up 98.8% YTD, including the session's moves

($1 = 1.5124 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))