Symal Group (SYL) H1 2026 earnings summary

Executive summary

• Normalized revenue for 1H FY26 was AUD 504.2 million, up 21% year-over-year, and normalized EBITDA was AUD 51.4 million, up 6% year-over-year, with normalized NPAT A of AUD 20.9 million, up 4% year-over-year.

• Net cash position at AUD 6.1 million as of 31 Dec 2025, reflecting acquisition and dividend payments.

• Five strategic acquisitions completed or announced, expanding scale and presence in Queensland and South Australia.

• Interim dividend of 3.3 cents per share declared, representing 40% of normalized NPAT.

• Strong operational momentum driven by investment in AI-enabled productivity, safety, and workforce expansion to over 1,500 employees.

Financial highlights

• Statutory revenue grew 24.6% to AUD 504.2 million; normalized revenue up 20.7% year-over-year.

• Normalized EBITDA grew 5.5% to AUD 51.4 million, with an EBITDA margin of 10.2%, within the 10%-12% target range.

• Net profit after tax was AUD 19.3 million, up 176% year-over-year; normalized NPAT A was AUD 20.9 million, up 4%.

• Operating cash flow was AUD 37.7 million, with cash conversion at 108%.

• Net assets increased to AUD 179.3 million, with significant investments in plant, equipment, and intangibles.

Outlook and guidance

• FY26 normalized EBITDA guidance reaffirmed at AUD 117 million–127 million, excluding recent and pending acquisitions.

• Substantial work in hand and ECIs provide strong revenue and earnings visibility for the second half.

• Aspirational target to reach AUD 200 million EBITDA by 2030, driven by organic and inorganic growth.

• Further guidance update to be provided upon completion of announced acquisitions.

• Continued focus on disciplined execution, margin stability, and scalable growth across end markets.