• Transformational acquisition of TAMS, a 25-year-old diversified marine infrastructure services provider
• Adds complementary technical expertise and self-perform capability in critical marine infrastructure services
• Diversifies and enhances SRG Global's recurring revenue and earnings profile

SRG Global has entered into a binding agreement to acquire 100% of Total AMS Pty Ltd and its subsidiaries (collectively 'TAMS') for $85 million on a cash-free, debt-free basis and normal level of working capital. TAMS is a 25-year-old diversified marine infrastructure services provider with a strong track record, long-term client relationships, and exposure to highly attractive growth markets. The acquisition is expected to be highly accretive, with TAMS contributing around $200 million in revenue and $35 million in EBITDA for proforma FY26. The transaction will be funded through a combination of existing cash, debt facilities, and the issue of $27.7 million in SRG shares to the vendors. The acquisition is expected to complete on or around 31 October 2025. TAMS' core capabilities are highly complementary with SRG Global's service offering, strengthening the company's marine infrastructure expertise and unlocking significant growth and cross-selling opportunities. The acquisition aligns with SRG Global's strategy to build the most sought-after diversified infrastructure services business, with a focus on recurring maintenance and industrial services, targeted growth in engineering and construction, and leveraging capabilities in water security and energy transition.

SRG Global FY26 EBITDA Guidance of at least $163m (includes 8 months TAMS contribution) and SRG Global FY26 EBIT(A) Guidance of at least $125m (includes 8 months TAMS contribution).

Completion of the TAMS acquisition is anticipated to occur on or around 31 October 2025. The acquisition is expected to be highly accretive, with TAMS contributing around $200 million in revenue and $35 million in EBITDA for proforma FY26.