Symal debuts on the ASX

Symal Group Limited Lists on ASX after successful IPO raising $136 million

Company to trade under ticker ‘SYL,’ marking a new chapter in its growth journey

Symal Group Limited (“Symal”) has raised $136 million in a successful IPO and is now officially listed on the Australian Securities Exchange (“ASX”) under the ticker symbol ‘SYL’. Trading begins today.

The Initial Public Offering of 73.5 million shares at an issue price of $1.85 per share, implying a market capitalisation of approximately $436.9 million.

This milestone marks an exciting new chapter for Symal. The company solidifies its presence in the Australian civil infrastructure market, positioning itself for future growth and expansion. It also reflects the company’s commitment to driving positive change within the industry, with a strong focus on innovation.

Founder and Group Managing Director, Joe Bartolo remarked,

"Symal is embarking on an exciting new journey as a public company, and we’re thrilled to welcome a significant number of new shareholders. Together with the Board, our executive leadership team, and the broader Symal team, we’re focused on the continued growth of our business. We enter this new phase with a strong book of work, an extensive pipeline of opportunities, and a solid financial position that can support strategic acquisitions to complement our existing operations."

What began as a small landscaping business in 2001, grounded in hard work and ambition, has grown into a large self-performing Australian construction group, employing over 1,000 people across four states under our brands; Symal, Unyte, Sycle and Wamarra.

Symal Group’s growth has been powered by its disciplined strategy of blending organic investment with expansion through strategic acquisitions. This approach has strengthened and diversified capabilities, opened new markets, and allowed the company to thrive in a competitive and ever-changing industry.

For Mr Bartolo, it’s been a journey that all comes down to the tremendous people that make up Symal.

“Our journey has been shaped by the incredible team at Symal, whose dedication and hard work have been key to our success. As we move forward, we’re excited to continue growing under the leadership of our executive and senior management teams and remain focused on our long-term vision for Symal Group.”

“The name Symal comes from the Latin word ‘Simul,’ meaning ‘together.’ This reflects our focus on connection and our commitment to collaboration – principles that have been the cornerstone of our unique company culture.” added Joe.

Symal extends its gratitude to all employees, partners, and stakeholders for their tireless support throughout the IPO process. Their commitment and hard work have been instrumental in this achievement.

Symal (ASX: SYL)—a new journey of building better together.

For media queries please contact:

Renee Ryan
Group Marketing and Communications Manager
renee.ryan@symal.com.au
0405 983 755

About Symal:

Symal specialises in civil infrastructure and offers a comprehensive range of services, including contracting, plant and equipment hire, material sales, recycling, and remediation services.  Utilising a vertically integrated project delivery model, Symal Group provides end-to-end civil construction solutions across the entire project lifecycle through its four main brands: Symal, Sycle, Unyte, and Wamarra (which is 49% owned by Symal). Founded in 2001, Symal is headquartered in Melbourne, Australia and is listed on the Australian Securities Exchange (ASX: SYL). www.symal.com.au