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Southern Cross Electrical Engineering Ltd (ASX:SXE)

ALERT: Price-sensitive ASX Announcement for SXE
Current share price for SXE : $4.590 0.57 (14.18%)+
Announcement
Release
15 Jun 2026 9:38AM
Price at Release
$4.020
Full Release
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Summary
Southern Cross Electrical Engineering Ltd (SCEE) is actively pursuing growth through strategic focus on data centres, infrastructure, and electrification. The company is enhancing its funding capabilities with the introduction of new debt facilities and increased bank guarantees, alongside appointing a new COO to strengthen leadership. Manufacturing capacity is being expanded significantly, positioning SCEE to capitalize on growth opportunities. The FY26 Underlying EBITDA guidance has been raised to at least $75 million, with expectations of reaching $100 million by FY27, supported by a robust project pipeline. An equity raising effort includes a $150 million fully underwritten institutional placement and a $15 million non-underwritten SPP, aimed at funding new projects and facilitating future acquisitions for geographic and capability expansion.
Key Points
  • SCEE is focusing on growth through data centres, infrastructure, and electrification.
  • The company is expanding its funding capacity with new debt facilities and bank guarantees.
  • SCEE has strengthened its leadership by appointing a new COO.
  • The company's manufacturing floorspace is doubling to support scaling.
  • FY26 Underlying EBITDA guidance is upgraded to at least $75m.
  • FY27 EBITDA is expected to reach at least $100m.
  • SCEE is conducting a $150m fully underwritten institutional placement and a $15m non-underwritten SPP.
  • The proceeds will be used for working capital and future acquisitions.
  • SCEE has a strong pipeline of projects and aims to maximize synergies and cross-selling opportunities.
  • The company is diversifying and broadening its geographic and sector presence.
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.