• Underlying EBITDA up 30.8% and Underlying EBIT up 25.5% on prior period
• $46.1m in WestConnex arbitration costs resulting in NPAT loss of $12.8m
• Interim dividend of 2.5 cps declared, order book up 6% to $710m

Southern Cross Electrical Engineering Limited (SCEE) has released its results for the half-year ended 31 December 2025. Revenue for the period was $349.1m, down 12.2% on the prior corresponding period due to lower activity on the Collie Battery Energy Storage System (CBESS) project and the Western Sydney International Airport Terminal project. The newly acquired Force Fire business performed strongly, contributing to the company's record half-year gross profit of $65.9m, up 30.3%. Underlying EBITDA of $35.4m was up 30.8% and Underlying EBIT of $29.1m was up 25.5% on the prior corresponding period. However, the company incurred $46.1m in legal dispute costs related to the WestConnex M5 motorway tunnel project, resulting in an NPAT loss of $12.8m. The Board has declared a fully franked 2.5 cps interim dividend, consistent with the prior year. SCEE's order book stood at $710m at 31 December 2025, up 6% on the prior corresponding period, with over 85% of the order book now on the East Coast. The company is seeing strong growth opportunities in data centres, infrastructure, renewable energy, and the electrification of the economy, and has increased its Underlying FY26 EBITDA guidance to at least $72m.

SCEE has increased its Underlying FY26 EBITDA guidance to at least $72m, up 31% on FY25 EBITDA, and expects further growth in future years.

SCEE is facing an unprecedented pipeline of data centre projects that it is tendering for, which anchors its expectations of further growth beyond FY26. The company's diversification into adjacent disciplines and geographic expansion, both organically and through acquisitions, is expected to drive future growth.