SRJ Secures $1.234M Asset Integrity Award
Key points
- US$1.234m LNG controls upgrade award
- Circa US$300k recognized in FY26
- Award less dependent on site access
- Furthers SRJ's Middle East strategy
Full summary
SRJ Technologies Group Plc (ASX: SRJ) has secured a significant US$1.234 million asset integrity award in the Middle East. The award, from CAPSA Engineering & Contracting L.L.C., supports an LNG controls upgrade project for a National Oil Company. This award underscores SRJ's strategy to penetrate the Middle East market and marks its entry into the Middle East offshore LNG market. The project will be executed over approximately 12-14 months, starting in October 2026. Approximately 25% of the contract value is expected to be recognized in FY26, with the balance expected in FY27.
Guidance
Approximately 25% of the US$1.234 million award expected to be recognized in FY26
Outlook
SRJ continues to secure and execute work that builds its regional credentials and broadens its Asset Integrity offering.
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