Key points
- Achieved FY26 revenue of $493.2 million, up from $479.0 million in FY25.
- Record EBITDA of $63.1 million for FY26, up from $57.2 million in FY25.
- Expects FY27 revenue to range between $825 million and $850 million.
- $100 million institutional placement and $10 million SPP at $6.10 per share.
- Pro forma cash position of $198 million and no debt post-raising.
Full summary
GR Engineering Services Ltd (ASX:GNG) has reported its FY26 results, showing a revenue of $493.2 million, up from $479.0 million in FY25, and a record EBITDA of $63.1 million, up from $57.2 million in FY25. The company has also announced an equity raising of $100 million through an institutional placement and $10 million through a share purchase plan at $6.10 per share, a 3.3% discount to the last close price. The proceeds will be used for working capital, future acquisitions, and IT infrastructure. The company expects FY27 revenue to be between $825 million and $850 million, a significant increase from FY26.
Guidance
FY27 revenue expected to be $825 million to $850 million, 67% to 72% increase on FY26
Outlook
The Group expects revenue for FY27 to be in the range of $825 million to $850 million, with over 60% of revenue expected from commodities other than gold.