• Group revenue & other income for the Period of $5.1m, up 18% on PCP
• $1.3m reduction in corporate and management costs for FY26 YTD compared to PCP
• $2.0m invested in the construction of two powerhouse units with $1.2 million in FY26 Q3

Synertec Corporation Limited (ASX: SOP) has provided an update on its activities for the quarter ended 31 March 2026 (FY26 3Q). Group revenue and other income for the Period was $5.1m, up 18% on the prior corresponding period (PCP), and YTD group revenue and other income was $15.2m, up 19% on PCP. The company achieved a $1.3m reduction in corporate and management costs for FY26 YTD compared to PCP. Cash at bank was $1.7m at the end of the Period with unused finance facility totalling $15.5m. The company invested $2.0m in the construction of two powerhouse units over the last 9 months, with $1.2 million of it being invested in FY26 Q3. The two Powerhouse units under construction for major Oil & Gas companies are due to be completed in FY26 4Q, and with the 6 additional TasNetworks units recently announced, total Powerhouse revenue for FY27 is expected to double, from $2.4m in FY26 to more than $5.0m. The installed Powerhouse units continue to operate seamlessly, delivering $0.6m in revenue for the period at greater than 90% EBITDA. The Engineering business continues to contribute positive EBITDA growth and surplus operating cashflows, driven by expansion into NSW and ongoing panel relationships.

Total Powerhouse revenue for FY27 is expected to more than double from $2.4m in FY26 to over $5.0m.

The company remains motivated and focused to ensure the turnaround in performance continues into FY27 and beyond. The Powerhouse platform is well positioned to support emerging market opportunities, including the build-out of data centres across Australia.