New Works Awards, Trading Update and Equity Raising
| Stock | Southern Cross Electrical Engineering Ltd (SXE.ASX) |
|---|---|
| Release Time | 15 Jun 2026, 9:38 a.m. |
| Price Sensitive | Yes |
Southern Cross Electrical Engineering Announces New Works Awards, Trading Update, and Equity Raising
- New works awards secured totaling over $150m
- Underlying FY26 EBITDA guidance raised to at least $75m
- Forecasting FY27 EBITDA guidance of at least $100m
- Fully underwritten institutional placement to raise $150m
- Non-underwritten share purchase plan targeting up to $15m
Southern Cross Electrical Engineering Ltd (ASX: SXE) announced significant new works awards totaling over $150m, an increase in its underlying FY26 EBITDA guidance to at least $75m, and a forecast of at least $100m in FY27 EBITDA. The company has also initiated a fully underwritten institutional placement to raise $150m and a non-underwritten share purchase plan targeting up to $15m. Key works include initial electrical and communications works for Multiplex at NEXTDC S4 Data Centre and switchboard orders for Trivantage Manufacturing. SCEE is also increasing financing facilities and strengthening its executive leadership team.
Underlying FY26 EBITDA guidance raised to at least $75m; FY27 EBITDA guidance of at least $100m
Southern Cross Electrical Engineering Ltd is well positioned to deliver further growth beyond FY27, driven by structural market tailwinds.