SRG Global Ltd (ASX: SRG) shares are down 4.76% to $2.80 a piece at the time of writing on Thursday. The latest stock price plunge follows news of the ASX industrial company’s half-year results for the period ending 31 December 2025, which were released ahead of the market open this morning.
The latest decline means the shares are now 6.04% lower for the year-to-date but they’re still trading 95.8% above where they were this time last year.
Why the ASX industrials stock’s shares are crashing on results day
Here’s what the engineering-led specialist construction, maintenance and mining services company posted this morning:
- Revenue up 20% to $743.9 million
- EBITDA up 20% to $71.0 million
- EDIT(A) up 26% to $53.2 million
- Net profit after tax (NPAT) up 27% to $33.7 million
- EPS up 20% to 5.5 cents
- Dividends per share up 20% to 3 cents
What happened in H1 FY26?
SRG Global posted a 20% increase in its revenue to $743.9 million, from $619.7 million in the first half of FY25.
It also posted a 20% increase in its earnings before interest tax, depreciation and amortisation (EBITDA) to $71 million. This is up from $59 million in the first half of FY25. The company said this was due to continued strong margin performance and operational delivery across both of its operating segments.
In the same period the ASX industrials company improved its cash position to a net debt of $21.2 million. This is up from from proforma net debt of $52.5 million following its TAMS acquisition in October 2025.
“I am pleased to report that TAMS delivered to business case in its first 2 months with SRG Global and is now fully integrated into the business. TAMS is a market leading marine infrastructure services provider with a 25-year history of long-term client relationships and is an embedded partner with Port Authorities and blue-chip clients in diverse sectors for critical port and marine infrastructure maintenance and engineering, design & construction,” SRG Global managing direction David Macgeorge said.
“SRG Global has record Work in Hand of $4.2 billion and is well positioned for long-term growth with end-to-end asset life cycle capability in key sectors such as water, energy, resources, transport, defence, ports / marine, health, education and data centres across Australia and New Zealand.”
The board declared a 1H interim fully franked dividend of 3.0 cents per share. This is up 20% from the first half of last year. The record date of the dividend is Friday, 13 March 2026 with a payment date of Friday, 10 April 2026.
What’s ahead of SRG Global this year?
The ASX industrials company is optimistic about the outlook for its full-year results.
SRG Global has upgraded its FY26 earnings guidance to $164 million to $168 million. It has also upgraded EBITDA guidance to $126 million to $130 million EBIT(A) for FY26.
The company also said that its $4.2 billion WIH (work in hand) and $11.5 billion opportunity pipeline products are a platform for long-term sustainable growth. It notes that its has a positive exposure to growth sectors including water, energy, industrial/resources, transport, defence, health, education, data centres and ports/marine.
The post This ASX industrials stock has dropped nearly 5% following H1 FY26 result appeared first on The Motley Fool Australia.
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Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Srg Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.