• 1H FY26 revenue up 20% to $743.9m
• Underlying EBITDA up 20% to $71m, EBIT(A) up 26% to $53.2m
• Strong cash generation with 97% EBITDA to cash conversion
• FY26 guidance upgraded to $164m-$168m EBITDA, $126m-$130m EBIT(A)

SRG Global Ltd (ASX: SRG) has announced its financial results for the six months ended 31 December 2025 (1H FY26), delivering a record performance. Revenue for the period was $743.9m, up 20% from 1H FY25. Underlying EBITDA increased by 20% to $71m, while EBIT(A) grew 26% to $53.2m. The company's strong cash generation was highlighted by a 97% EBITDA to cash conversion rate in 1H FY26. SRG Global's net debt position improved significantly from $52.5m post the TAMS acquisition in October 2025 to $21.2m at the end of 1H FY26. The company's 1H FY26 earnings per share (adjusted) increased by 20% to 5.5 cents per share, and the Board has declared a 1H interim fully franked dividend of 3.0 cents per share, up 20% from the previous corresponding period. The TAMS acquisition, completed in October 2025, has been successfully integrated and delivered to business case in its first two months with SRG Global. The company's record work in hand of $4.2 billion and opportunity pipeline of $11.5 billion across diverse industries position it well for long-term growth. SRG Global has also upgraded its FY26 earnings guidance, with EBITDA expected to be in the range of $164m to $168m, and EBIT(A) in the range of $126m to $130m.

FY26 EBITDA guidance upgraded to $164m - $168m, and EBIT(A) guidance upgraded to $126m - $130m.

SRG Global is well-positioned for long-term sustainable growth, with a record $4.2b work in hand and $11.5b opportunity pipeline across diverse growth sectors. The company's earnings profile is expected to be around 80% annuity/recurring in FY26 and beyond, as it continues its strategic transformation to a diversified infrastructure services business.