• Record half year revenue of $397.4m, up 55.5% on prior period
• Record half year EBITDA of $27.1m, up 58.5% and record NPAT of $16.2m, up 67.8%
• Strong balance sheet with record cash of $114.8m and no debt

Southern Cross Electrical Engineering Limited ('SCEE Group') has released its results for the half year ended 31 December 2024, reporting record financial performance. The group delivered record half year revenue of $397.4m, up 55.5% on the prior corresponding period. This was driven by strong performance across the group's key sectors, with infrastructure revenue up 142.5% to $251.7m, commercial revenue of $79.9m, and resources revenue of $65.8m. Gross profit for the period was a record $50.6m, up 34.2%, though the gross margin percentage was down to 12.7% from 14.7% in the prior period due to the commercial building project mix. Overheads were well controlled at 6.0% of revenue. EBITDA of $27.1m was a record, up 58.5%, and EBIT of $23.2m was up 73.7%. Net profit after tax of $16.2m was also a record, up 67.8%. The group remains debt-free, with a record cash balance of $114.8m at 31 December 2024. The board has declared a fully franked interim dividend of 2.5 cents per share, up 150% on the prior interim dividend. The group reiterates its FY25 EBITDA guidance of at least $53m, with expectations of further growth beyond. The order book at 31 December 2024 was $670m, up 21.8% on the prior corresponding period, with infrastructure comprising 70% of the order book. The group sees significant opportunities across infrastructure, data centres, and the electrification of the economy, and is actively exploring acquisition targets to further diversify and grow the business.

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

The group sees significant opportunities across infrastructure, data centres, and the electrification of the economy, and is actively exploring acquisition targets to further diversify and grow the business.