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Southern Cross Electrical Engineering Ltd (ASX:SXE)

ALERT: Price-sensitive ASX Announcement for SXE
Current share price for SXE : $4.700 1.84 (64.34%)+
Announcement
Release
18 Feb 2026 8:10AM
Price at Release
$2.860
Full Release
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Summary
Southern Cross Electrical Engineering Ltd (SXE) reported its statutory results for the half year ending 31 December 2025, noting a 12.2% decrease in revenue from ordinary activities compared to the previous year, with a figure of $349,100,000 down from $397,411,000. The company experienced a loss from ordinary activities after tax attributable to members amounting to $12,783,000, contrasting with a profit of $16,178,000 in the previous period. However, underlying EBITDA improved by 30.8% to $35,433,000, and underlying EBIT increased by 25.5% to $29,053,000. The company announced an interim dividend of 2.5 cents per security, fully franked, with a record date of 8 April 2026 and payable on 22 April 2026. Net tangible asset backing per security significantly declined to 7.6 cents per share from 30.3 cents the previous year. There were no changes to the company’s controlled entities during the period.
Key Points
  • Revenue decreased by 12.2% from previous year.
  • Net loss of $12,783,000 reported for the period.
  • Underlying EBITDA increased by 30.8%.
  • Underlying EBIT increased by 25.5%.
  • Interim dividend of 2.5 cents per security declared.
  • Net tangible asset backing per share dropped to 7.6 cents.
  • No changes in controlled entities during the period.
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.