Symal continues to deliver with strong 1H FY26 results

Symal continues to scale up - enhancing self-performing capability and delivering as a diversified services provider focused on resilient end markets. 

The Company today released its Half-Year Financial Results for FY2026.  

Our momentum continues to accelerate, and today’s results further reflect the strength of our diversified model and disciplined growth strategy.  

We continued to diversify our revenue streams across contract models, geographies and resilient end markets, including infrastructure, power and renewables, data centres, utilities, buildings and facilities and defence - all supporting our earnings stability.  

We also achieved a number of milestones for our disciplined growth strategy, and we continued to build towards our targeted $200 million + earnings platform for FY30.

At the end of 1H FY26, we are positioned for long-term value creation. 

We see growth in all our end markets and geographies, however, these are some key highlights. 

Technology - driving data centre demand 

In the first half of HY26, we secured four new data centre projects, further strengthening our relationships with global clients and sponsors. 

Demand for technology and data centre infrastructure continues to accelerate, driven by AI workloads, hyperscale expansion and increasing power density requirements.  

As advanced technology drives greater capacity needs, these facilities are becoming larger, more complex and more technically demanding — creating sustained, multi-year opportunity across the sector.  

These projects require high compliance, program certainty and delivery capability in a labour-constrained market — conditions that align strongly with our integrated, self-performing model. By combining civil expertise with coordinated delivery across our brands, we are well positioned to increase scope and deepen participation in a sector that represents a long-term growth pillar for the Group. 

Energy – A scaling national platform   

Symal has a long history in civil construction across this sector, and the addition of electrical capability through Searo is expanding our ability to participate more meaningfully in this market. 

The investment in Searo is already delivering results, including our first high-value utility-scale electrical contract and a strong pipeline of opportunities behind it.   

With more than 20 renewable projects currently awaiting decision — representing approximately $2 billion in potential civil and electrical scope — we are positioned as a credible, full-wrap delivery partner with the capacity to scale across multiple states. 

The energy transition continues to drive sustained demand across transmission, wind, solar and battery infrastructure. Increasing electrification, grid upgrades and the power demands of data centres and AI technologies are accelerating investment in renewable generation and network capacity.

Defence 

We are currently delivering 10 civil and infrastructure packages across four states, with a combined value of $220 million, and are seeing consistent repeat engagement across programs.  

Defence is an increasingly important growth platform for Symal, supported by long-term Federal infrastructure investment. This provides multi-year revenue visibility and reinforces our credentials in a structurally supported market. 

Our national footprint enables scalable participation in major defence infrastructure programs, reducing reliance on single-project exposure.  Alongside organic growth, we are evaluating acquisition opportunities to deepen capability, enhance margins and further strengthen our position in this strategically important sector.   

Queensland  

Through recent acquisitions and our existing operations, we have established a strong platform in Queensland, supported by local relationships and a proven delivery track record. This positions Symal to capture disciplined growth in the state as investment accelerates, while maintaining focus on long-term value creation.  

Queensland represents a significant long-term growth market for the Group, underpinned by Brisbane 2032 and a broader major projects pipeline. The Olympic and Paralympic Games are supported by $22.9 billion in committed infrastructure investment through to 2032, while the state’s total major project pipeline is estimated at more than $100 billion over the next five years.¹ 

Targeted acquisitions driving growth 

Each of our acquisitions since listing has grown our scale and strengthened our capabilities, all with a clear focus across our priority end markets. Together, they have expanded our footprint, enhanced vertical integration and supported earnings growth. I’ll provide more detail on the latest acquisitions in the following slides. 

Looking ahead, our M&A strategy remains disciplined and targeted. We are focused on increasing capacity, deepening vertical integration and strengthening our national footprint across Power and Renewables, Data Centres, Utilities and Defence. 

The emphasis is on acquiring capability-enhancing, margin-accretive businesses that expand scope, improve incumbency and position us to capture greater market share in these long-term growth sectors. 

Outlook and summary  

Symal’s work-in-hand, early contractor involvement (ECI) participation pipeline, acquisitions and scalable funding platform places us in a strong position to continue growing and delivering on our high-growth strategy.   

These results and outlook demonstrate that we continue to deliver on our promises.  

For all the 1H FY26 results materials, visit our Investor Centre. 

To find out about a career with us, visit our Careers page.