• Acquisition of 100% of TAMS, a leading end-to-end diversified marine infrastructure services partner
• Highly complementary to SRG Global's existing business, expanding its recurring revenue profile
• Acquisition expected to be ~25% EPS accretive in FY26 (pre-synergies)

SRG Global Ltd (ASX: SRG) has entered into a binding agreement to acquire 100% of the issued shares in Total AMS Pty Ltd and its subsidiaries ('TAMS') for $85 million on a cash-free, debt-free basis and normal level of working capital. TAMS is a leading end-to-end diversified marine infrastructure services partner with a 25+ year history and full self-perform capability. The acquisition implies an FY26 EBITDA multiple of 2.7x, EBIT multiple of 3.2x and is expected to be circa 25% EPS(A) accretive to FY26 earnings (pre synergies). TAMS is an expert in design, engineering, construction, maintenance and remediation services, through long-term relationships with key owners and users of critical port and marine infrastructure. The acquisition is highly strategic, with TAMS' market leading position in marine infrastructure services, complementing SRG Global's current end-to-end full asset life cycle capability and experience. The combined group brings together two highly complementary businesses that provide significant cross-selling opportunities with existing and new clients. The acquisition further embeds SRG Global's transition to a business with a profile of 80%+ recurring, annuity earnings, and comes with $600m of Work in Hand and a $3b+ opportunity pipeline.

Pro forma FY26 impact of the Acquisition (pre synergies): - Revenue increase to circa $1.65b, EBITDA to circa $175m and EBIT(A) to circa $135m; - Circa 25% EPS(A) accretion; - EBITDA margins increasing from 9.7% to circa 10.6%, and EBIT(A) from 7.2% to 8.2%.

SRG Global FY26 EBITDA Guidance of at least $163m (includes 8 months TAMS contribution) and FY26 EBIT(A) Guidance of at least $125m (includes 8 months TAMS contribution). Completion is anticipated to occur on or around 31 October 2025.