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Saunders International Limited (ASX:SND)

ALERT: Price-sensitive ASX Announcement for SND
Current share price for SND : $1.050 0.2 (23.53%)+
Announcement
Release
12 May 2026 10:32AM
Price at Release
$0.850
Full Release
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Summary
Saunders International Limited has adjusted its guidance for the fiscal year 2026, anticipating revenue between $300 million and $315 million and Adjusted EBITDA of 3.0% to 3.5% due to project delays. These delays, affecting the Siddeley Street Sewer Project and two Defence projects in the Northern Territory, have shifted approximately $30 million in revenue to FY27. Despite these setbacks, the company sees no risk to the profitability or continuity of these projects and expects operations to normalize by the end of FY26. Looking forward, Saunders is poised to benefit from Australia’s strategic fuel reserve expansion and continues to build a robust pipeline in key market sectors.
Key Points
  • Saunders International Limited has revised its FY26 revenue and Adjusted EBITDA guidance.
  • External factors have delayed three current projects, deferring revenue and earnings into FY27.
  • FY26 Revenue is now expected to be between $300 million to $315 million, down from $315 million to $345 million.
  • FY26 Adjusted EBITDA is now forecasted to be in the range of 3.0% to 3.5%, down from 3.5% to 4.5%.
  • A displacement of approximately $30 million of revenue from FY26 into FY27 is expected.
  • The Siddeley Street Sewer Project in Melbourne is delayed due to unforeseen cultural heritage artefacts.
  • Two Defence projects in the Northern Territory are delayed due to changes in Defence Base access restrictions and user requirements.
  • No commercial risk to project continuity or profitability is anticipated, with normalization expected by the end of FY26.
  • Positive outlook for FY27 and beyond, supported by Australia’s $10.7 billion fuels security package.
  • Saunders is developing a strong pipeline of opportunities in Defence & Government, Water, Energy, and Resources & Industrials sectors.
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.