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Symal delivered normalised revenue of $1.135 billion in FY26, 25.9% higher than pcp (FY25: $901.7 million), and the first time the Company has exceeded $1 billion in revenue. Normalised EBITDA of $124.3 million was up 17.2% on pcp (FY25: $106.1 million), including 10.4% organic growth, and landed in the upper half of the $120 million to $126 million guidance range. Normalised NPAT was $49.0 million, up 7.4% on pcp (FY25: $45.7 million), equating to normalised basic earnings per share of 20.6 cents.
On a statutory basis, FY26 revenue was $1.138 billion (up 28.0%), EBITDA was $108.4 million (up 19.2%) and NPAT was $42.7 million (up 19.1%), equating to basic earnings per share of 18.0 cents.
Operating cash flow for FY26 was $79.9 million, with cash on hand of $81.6 million at 30 June 2026. Gross debt was $203.2 million, including $70.3 million of lease liabilities, leaving a net debt position of $51.4 million ($121.6 million including leases) and net leverage of 0.4x normalised EBITDA (excluding leases). Capital expenditure totalled $75.4 million, and $81.5 million was invested across four business acquisitions completed during the year. Symal had $258.5 million of available liquidity at 30 June, comprising $81.6 million in cash and $176.9 million in undrawn facilities.
In line with Symal's dividend policy of 30% to 50% of NPAT, the Board has declared a fully franked final dividend of 4.9 cents per share, with a record date of 4 September 2026 and payment date of 2 October 2026. Combined with the 3.3 cent interim dividend paid on 2 April 2026, total FY26 dividends amount to 8.2 cents per share fully franked. The Board has also approved the commencement of a dividend reinvestment plan alongside the final dividend payment.
Safety: Symal recorded a TRIFR of 1.4 and an LTIFR of zero at 30 June 2026, remaining significantly below the industry average.
Work-in-hand: Secured work-in-hand was approximately $1.9 billion at 30 June 2026, up around 8% on the $1.76 billion reported a year earlier.
Acquisitions: Symal completed four acquisitions during FY26 — Locale Civil (August 2025), McFadyen Group (October 2025), Timms Group and L&D Contracting, and an 80% interest in Davison Earthmovers (March 2026). In June 2026, the Group entered a conditional contract to acquire Shamrock Civil, a founder-led, self-performing contractor headquartered in Queensland servicing the defence, resources, utilities and infrastructure markets. Integration across all acquisitions is tracking broadly in line with expectations.
Funding: In December 2025, Symal established $300 million of new revolving corporate debt and bank guarantee facilities, simplifying terms and improving headroom under key covenants. The Group's performance bonding facility was also increased from $50 million to $100 million.
Symal's work-in-hand is now spread more broadly than at any point in its history as a listed company. Of the $1.9 billion secured at 30 June 2026, 54% now sits outside traditional infrastructure work — across energy and resources, digital infrastructure, defence and utilities — while the share of work-in-hand outside Victoria has grown to 35%. Beyond secured work, Symal's tendered and ECI pipeline stood at $9.1 billion at year end, underpinning confidence heading into FY27.
That diversification has been supported by continued investment in people and capability. Symal now employs approximately 1,800 people across 22 locations, having invested more than 25,000 training hours across the Group in FY26.
Among the year's acquisitions, Locale has been a standout, marking Symal's entry into the regulated utilities market. The business carries a minimum of $230 million in recurring revenue over an initial six-year term with blue-chip utility clients at guaranteed margins, with options for further extension, and exceeded every target set for it in FY26. Searo, Symal's in-house electrical contracting business launched in February 2025, also continued to scale, positioning the Group to play a larger role in Australia's energy transition.
For all the FY26 results materials, visit our Investor Centre.
