• Underlying EBITDA up 30.8% to $35.4m
• Underlying EBIT up 25.5% to $29.1m
• Interim dividend of 2.5 cps declared
• Underlying FY26 EBITDA guidance raised to at least $72m

Southern Cross Electrical Engineering Ltd (SCEE) reported its H1 FY26 results, highlighting strong financial performance. Underlying EBITDA increased 30.8% to $35.4m, while underlying EBIT grew 25.5% to $29.1m compared to the prior corresponding period. The company settled the WestConnex arbitration proceedings, resulting in legal dispute costs of $46.1m and an NPAT loss of $12.8m. SCEE's cash balance decreased to $58.8m, mainly due to the WestConnex settlement and the unwinding of advance payments on the Collie BESS project. The order book grew 6% to $710m, with 85% of the order book on the East Coast. SCEE highlighted several operational achievements, including being LTI-free for eight consecutive half-years, securing the Steel River East BESS and DigiCo Data Centre projects, and winning the Sydney Metro St Marys Station contract. The company also noted the growing pipeline of data centre projects and the traction of its multi-disciplinary offerings. SCEE declared a fully franked interim dividend of 2.5 cents per share and raised its underlying FY26 EBITDA guidance to at least $72m, expecting further growth beyond.

Underlying FY26 EBITDA guidance raised to at least $72m, representing 31% growth on FY25 EBITDA.

SCEE sees significant growth opportunities in data centres, infrastructure, and renewables, driven by the electrification and decarbonisation of the Australian and global economies. The company is actively exploring acquisition targets that offer further geographic and disciplinary diversification.