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Southern Cross Electrical Engineering Ltd (ASX:SXE)

ALERT: Price-sensitive ASX Announcement for SXE
Current share price for SXE : $3.790 -0.86 (-18.49%)+
Announcement
Release
19 Aug 2026 7:45AM
Price at Release
$4.650
Full Release
download
Summary
Southern Cross Electrical Engineering Ltd (SCEE) reported strong performance in FY26 with significant achievements across data centres, infrastructure, and renewable energy sectors. The company completed a $120 million turnover in data centre projects and anticipates this to triple by FY27. Key projects included the Western Sydney Airport and Aerotropolis development, alongside significant healthcare and renewable energy initiatives such as the Synergy Collie BESS project. Despite a statutory net profit after tax decrease due to legal settlements in the WestConnex project, SCEE maintains a robust order book of $810 million and anticipates 30% profit growth for FY27. The focus remains on multi-disciplinary offerings and strategic acquisitions to enhance growth potential.
Key Points
  • Turnover $120m in data centre work in FY26
  • Forecasting data centre work to triple in FY27
  • Infrastructure includes transport, health, defence, education, water, utilities
  • SCEE's involvement in Western Sydney Airport and Aerotropolis projects
  • Healthcare projects like Shellharbour Hospital underway
  • Renewables and electrification are key growth areas
  • Successfully completed Synergy’s Collie BESS project
  • Long-term earnings growth forecast
  • Record Order Book of $810m
  • Statutory NPAT down due to WestConnex settlement costs
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.