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GR Engineering Services Limited (ASX:GNG)

ALERT: Price-sensitive ASX Announcement for GNG
Current share price for GNG : $7.700 1.39 (22.03%)+
Announcement
Release
24 Aug 2026 9:43AM
Price at Release
$6.310
Full Release
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Summary
In its FY26 results, GR Engineering Services Limited (ASX:GNG) reported strong financial performance, with revenue reaching $493.2 million and a record EBITDA of $63.1 million. The company declared a final dividend of 13.0 cents per share, fully franked, resulting in total dividends for FY26 of 25.0 cents per share. The company also outlined a significant equity raising initiative, including an institutional placement to raise A$100 million and a share purchase plan to raise up to A$10 million. The proceeds are intended to fund working capital, future acquisitions, and increased IT and personnel spending. The company's outlook for FY27 is optimistic, with expected revenue between $825 million and $850 million, largely secured through existing contracts.
Key Points
  • FY26 revenue of $493.2 million with record EBITDA of $63.1 million.
  • Final dividend increased to 13.0 cents per share, total FY26 dividends at 25.0 cents per share.
  • Institutional placement to raise A$100 million and share purchase plan to raise A$10 million.
  • Proceeds to fund working capital, acquisitions, and IT investments.
  • FY27 revenue guidance between $825 million and $850 million, over 90% secured.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.