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Synertec Corporation Limited (ASX:SOP)

ALERT: Price-sensitive ASX Announcement for SOP
Current share price for SOP : $0.046 0.022 (91.67%)+
Announcement
Release
30 Apr 2026 10:44AM
Price at Release
$0.024
Full Release
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Summary
Synertec Corporation Limited reported significant progress and improved financial performance for FY26 Q3. The company achieved a group revenue and other income of $5.1 million for the period, marking an 18% increase compared to the previous corresponding period. Year-to-date revenue was $15.2 million, reflecting a 19% growth. Corporate and management costs were reduced by $1.3 million year-to-date. The company's cash position at the end of the period was $1.7 million, with an unused finance facility totaling $15.5 million. Notably, operating cash outflow reduced significantly to $0.5 million from $3.1 million in the prior comparable period. The company also made a $2.0 million investment in two Powerhouse units, expected to complete by FY26 Q4, with additional units planned for TasNetworks. The installed Powerhouse units contributed $0.6 million in revenue at over 90% EBITDA margin, underlining the platform's operational excellence. Synertec's strategic focus on delivery excellence and efficient manufacturing processes have been key factors in the company's turnaround and future growth trajectory.
Key Points
  • Revenue and other income for FY26 Q3 was $5.1 million, up 18% on PCP.
  • Year-to-date group revenue was $15.2 million, up 19% on PCP.
  • Corporate and management cost reductions of $1.3 million for FY26 YTD.
  • Cash at bank was $1.7 million with unused finance facility of $15.5 million.
  • Operating cash outflow reduced to $0.5 million from $3.1 million on PCP.
  • Investment of $2.0 million in Powerhouse units, with completion expected by FY26 Q4.
  • Powerhouse units generated $0.6 million in revenue with over 90% EBITDA.
  • Synertec's strategy focuses on delivery excellence and efficient supply chain.
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.