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Southern Cross Electrical Engineering Ltd (ASX:SXE)

ALERT: Price-sensitive ASX Announcement for SXE
Current share price for SXE : $4.380 0.36 (8.96%)+
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) announced securing new works awards totaling over $150 million, with projects including electrical and communications works for the NEXTDC S4 Data Centre and a contract with Rio Tinto for electrical works. The company increased its FY26 EBITDA guidance to at least $75 million and provided FY27 guidance at $100 million. To support growth, SCEE initiated a $150 million fully underwritten institutional placement and a $15 million share purchase plan. Additional financing facilities are being expanded, including a new revolving credit and acquisition facility. Management changes and increased manufacturing capacity are also part of SCEE's strategic initiatives.
Key Points
  • New works awards over $150 million secured.
  • Projects include NEXTDC S4 Data Centre and Rio Tinto's Pilbara operations.
  • FY26 EBITDA guidance raised to at least $75 million.
  • FY27 EBITDA guidance set at $100 million.
  • Institutional placement to raise $150 million.
  • Share purchase plan targeting $15 million.
  • Expansion of financing facilities and credit lines.
  • New strategic growth initiatives and leadership changes.
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.