FY26 H1 Financial Results and Operational Highlights
| Stock | Synertec Corporation Ltd (SOP.ASX) |
|---|---|
| Release Time | 27 Feb 2026, 2:58 p.m. |
| Price Sensitive | Yes |
Synertec Reports FY26 H1 Financial Results and Operational Highlights
- Group revenue & other income up 20% to $10.2m
- Net operating cash inflow of $0.5m, a $1.7m improvement
- Decisive cost cutting delivers circa $1.3m savings
Synertec Corporation Limited (ASX: SOP) has reported its financial results and key achievements for the six months ending 31 December 2025 (FY26 H1). The company's group revenue and other income increased by 20% to $10.2m, while net operating cash inflow improved by $1.7m to $0.5m. Decisive cost-cutting measures delivered around $1.3m in savings during the period. The company's Powerhouse technology contributed $1.2m in revenue, up 22% year-on-year, and the engineering business saw a 20% increase in revenue and a 144% improvement in EBITDA. Synertec has also strengthened its Powerhouse pipeline, with over $70m in submitted opportunities, and secured new customers like Shell QGC. The engineering business has also expanded its geographic reach and secured panel appointments, underpinning future growth. The company remains focused on the disciplined scaling of Powerhouse and sustainable growth in the engineering business.
The company expects the Powerhouse technology to continue generating high-margin recurring rental revenue, supported by its long-asset life of 15 years. The engineering business is also expected to maintain its strong performance, with a growing pipeline of opportunities and project wins.
Synertec is excited about the future, with the Powerhouse business at an inflection point and experiencing overwhelming client enquiry. The company is well-positioned to deliver at scale, quality, and price point to meet customer requirements, supported by its world-leading supply chain and technology partners.