• Group revenue & other income up 13% on PCP
• 44% improvement in Group EBITDA
• Net cash of $2.6m, Altor debt facility extended to $15.5m
• 4th Powerhouse unit ordered by Santos, existing units performing well

Synertec Corporation Ltd (ASX: SOP) has provided an update on its activities for the quarter ended 30 September 2025 (FY26 1Q). The company reported group revenue and other income of $5m, a 13% increase on the prior corresponding period and the best 1Q result since FY19. EBITDA improved by 44% compared to the prior corresponding period. Net cash at the end of the period was $2.6m, and the company's Altor debt facility has been extended by up to $4m, with the total available facility now at $15.5m. The company was awarded a 4th Powerhouse unit for Santos, with delivery scheduled for FY26 4Q. Existing Powerhouse units continue to operate seamlessly, delivering greater than 99.9% power availability over a combined 5-year period to 11 coal seam gas wells across remote Queensland. The engineering business saw improved conditions, with project wins in all 5 target sectors and revenue starting to flow from recent Australian State Water Authority panel appointments. The company also made progress on its strategic expansion, with $7m worth of tenders submitted in WA and NSW and the appointment of senior technical resources in Perth and a State Manager in Sydney.

The company is optimistic about the near-term outlook, with the engineering business delivering a significant turnaround during FY25 2H and continuing to improve on the back of new projects, state water utilities panel work and high utilization rates. The Powerhouse business continues to grow its revenue and has a considerable body of performance data that is compelling for clients both within or adjacent the energy sector, driving increased near-term opportunities.