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Synertec Corporation Limited (ASX:SOP)

ALERT: Price-sensitive ASX Announcement for SOP
Current share price for SOP : $0.074 0.016 (27.59%)+
Announcement
Release
17 Aug 2026 9:36AM
Price at Release
$0.058
Full Release
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Summary
Synertec Corporation Limited, listed on the ASX under the ticker SOP, presented its FY26 update and equity raising initiatives. The company reported a 19% increase in group revenue, significant improvements in its operating cash flow, and a return to positive cash inflow for the first time since FY19. Synertec's Powerhouse technology achieved a recurring revenue of $2.5 million, contributing to the company's overall financial turnaround. The company has secured contracts for 14 Powerhouse units, bolstering revenue streams. Synertec has been actively engaging in numerous tenders, responding to over $400 million in expressions of interest. The company is leveraging favorable conditions in the engineering sector, with pre-qualifications on major infrastructure panels. Synertec has also raised approximately A$6 million through an institutional placement to support working capital and future growth opportunities. The funds will be used to expand the Powerhouse platform and provide balance sheet flexibility.
Key Points
  • Synertec reported a 19% increase in group revenue for FY26.
  • Returned to positive operating cash flow for the first time since FY19.
  • Powerhouse technology achieved $2.5 million in recurring revenue.
  • The company secured contracts for 14 Powerhouse units.
  • Responded to over $400 million in expressions of interest and tenders.
  • Raised approximately A$6 million through an institutional placement.
  • Funds from placement to support working capital and growth opportunities.
  • Pre-qualified on major infrastructure panels in the engineering sector.
  • Focus on expanding Powerhouse platform and improving balance sheet flexibility.
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.