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K&S Corporation Limited (ASX:KSC)

ALERT: Price-sensitive ASX Announcement for KSC
Current share price for KSC : $3.000 -0.4 (-11.76%)+
Announcement
Release
23 Sep 2025 4:09PM
Price at Release
$3.400
Full Release
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Summary
K&S Corporation Limited announced the loss of its contracts with InfraBuild after a competitive tender process. The company was informed that the decision to award these contracts to another provider was based on commercial considerations, not service issues. The transition is expected to occur before the end of the financial year 2026, but the exact timing is unknown. The company acknowledges the historical relationship with InfraBuild, OneSteel, and Smorgon Steel. K&S Corporation is currently unable to provide detailed guidance on the financial impact and plans to work with affected employees once further notice is given.
Key Points
  • K&S Corporation loses InfraBuild contracts.
  • Transition to alternate provider expected by FY26.
  • Decision based on commercial factors, not service issues.
  • K&S has served InfraBuild and predecessors for decades.
  • Impact details on FY2026 yet to be clarified.
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.