• Record half year revenue, profit, and cash
• Strong pipeline of data centre and infrastructure projects
• Largest ever hospital contract award
• Electrification tailwind offers significant opportunities

Southern Cross Electrical Engineering Ltd (SXE.ASX) reported record half year revenue of $397.4m, up 55.5% on the prior corresponding period (H1 FY24: $255.5m). The company also achieved record EBITDA of $27.1m, EBIT of $23.2m, and NPAT of $16.2m, up 58.5%, 73.7%, and 67.8% respectively on the prior corresponding period. The strong financial performance was driven by the company's diversified operations across the infrastructure, commercial, and resources sectors, with infrastructure comprising 63.3% of revenue. The company highlighted a very strong pipeline of data centre and infrastructure projects, including the Collie Battery Energy Storage System, Western Sydney International Airport, and NEXTDC Artarmon. It also secured its largest ever hospital contract award, the Shellharbour Hospital project worth over $60m. The company noted the significant opportunities presented by the electrification tailwind, with exposure across a range of initiatives including decarbonising client operations, meeting demand for electrification products, and the transition to sustainable buildings. The company remains debt-free, with a record cash balance of $114.8m, and is actively exploring further acquisition opportunities to drive growth.

The company reiterated its FY25 EBITDA guidance of at least $53m, with expectations of further growth beyond.

The company highlighted a very strong pipeline of data centre and infrastructure projects, including the Collie Battery Energy Storage System, Western Sydney International Airport, and NEXTDC Artarmon. It also noted the significant opportunities presented by the electrification tailwind, with exposure across a range of initiatives including decarbonising client operations, meeting demand for electrification products, and the transition to sustainable buildings.