• SKS Technologies secures additional $80M contract for data centre project in Melbourne
• Total contract value now $210M for design and construction of critical electrical systems
• Project completion expected in Q3 2027
• Work on hand currently at $350M, with $240M or 68.6% flowing into FY27

SKS Technologies Group Limited (ASX: SKS) has secured a further $80 million of work on hand for an existing project, bringing the total contract award to $210 million for a data centre contract with major construction company Hickory. The contract is for the design and construction of a full suite of critical electrical systems and infrastructure for a hyperscale data centre facility in Melbourne's western region, MEL02A. In November last year, SKS Technologies had announced a $130 million letter of intent with Hickory for electrical works for a 90MW data facility at the site. Since then, the data centre operator has decided to expand the project scope to construct an additional 36MW, bringing the total facility capacity to 126MW under one contract, which has now been executed. The increased scope of electrical works also includes additional medium and high voltage works for the facility. Project completion is expected to be in 3Q27. The awarding of this contract demonstrates SKS Technologies' ability to convert pipeline opportunities into awarded projects and indicates broader market confidence in the business to reliably deliver such mission critical projects at scale. SKS Technologies is now a fixture in the Victorian data centre market having completed projects for most of the global data centre hyperscalers. The company also intends to build momentum over time in the NSW data centre market, underpinned by its NSW acquisition, and has recently secured a data centre contract for an electrical infrastructure upgrade valued at approximately $3 million for a major hyperscale operator within an existing data centre facility in Western Sydney.

As a result of recent contract wins, work on hand currently sits at $350 million, with approximately $240 million or 68.6% flowing into FY27. The increased level of work on hand supports the business's FY26 earnings forecasts of revenue of $340 million and a 10% PBT margin resulting in a before-tax profit of $34 million.