• Raised approximately A$6 million through institutional placement
• Achieved unaudited FY26 revenue of $21.1m, up 19%
• Fourth consecutive half of improving EBITDA with loss of $0.6m
• Positive unaudited FY26 operating cash inflow of $0.5m
• Discussions ongoing for additional Powerhouse contracts

Synertec Corporation Ltd (ASX: SOP) has reported a successful FY26 with significant financial improvements and a strong equity raising. The company achieved unaudited FY26 revenue of $21.1 million, a 19% increase from the previous year. The second half of FY26 saw an unaudited EBITDA loss of $0.6 million, marking the fourth consecutive half of improving EBITDA. Synertec also reported a positive unaudited FY26 operating cash inflow of $0.5 million, the first since FY19. The company has received binding commitments from institutional and sophisticated investors to raise approximately A$6 million through an equity placement. The net proceeds will be used for working capital and to pursue future growth opportunities. Synertec is in advanced discussions with multiple counterparties regarding additional Powerhouse contracts.

FY27 revenue forecast between $29.5m and $31.7m

Synertec is forecasting FY27 revenue between $29.5m and $31.7m, underpinned by $20.9m in contracted work in hand.