Australia's Symal hits record high on Queensland asset buys

Symal

11/12/2025 04:02

** Shares of infrastructure co Symal Group SYL.AX extend gains, rise as much as 3.9% to A$3.19, a record high
** Co to buy assets of Queensland civil contractor Timms Group and L&D Contracting for A$28 million ($18.60 million)
** Expects to deliver annualised underlying EBITDA of nearly A$8 mln in FY26, after deal completion
**  YTD, shares up 82.4%

($1 = 1.5056 Australian dollars)

(Reporting by Nichiket Sunil and Kumar Tanishk in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))