Synertec Corporation Ltd FY26 Update and Equity Raising
Key points
- FY26 revenue up 19% to $21.1m
- Achieved first operating cash inflow since FY19
- Discussions underway for additional Powerhouse contracts
- Raised approximately A$6 million through equity raising
- New shares issued at a 13.8% discount to last close price
Full summary
Synertec Corporation Ltd reported a 19% increase in FY26 revenue to $21.1 million, marking the first operating cash inflow since FY19. The company saw a significant improvement in its EBITDA, with a fourth consecutive half of improvement. Synertec also secured $2.5 million in recurring revenue from its Powerhouse technology, with 14 units contracted. The company is in advanced discussions for additional Powerhouse contracts and has raised approximately A$6 million through an equity raising, issuing new shares at a 13.8% discount to the last close price.
Guidance
Synertec reaffirms FY27 revenue forecast of $29.5m to $31.7m
Outlook
Synertec is in advanced discussions with multiple counterparties regarding additional Powerhouse contracts.
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