SKS Technologies reports record FY26 earnings

The SKS Technologies Group Ltd (ASX: SKS) share price is in focus today after the company reported a record-breaking FY26, with sales revenue jumping 33.0% to $347.93 million and after-tax profit almost doubling to $27.11 million.

What did SKS Technologies report?

• Sales revenue: up 33.0% to $347.93 million (FY25: $261.66 million)
• Profit before tax: up 89.3% to $39.35 million (FY25: $20.79 million)
• Net profit after tax: up 93.2% to $27.11 million
• EBITDA: up 80.8% to $42.43 million
• Earnings per share: up 91.2% to 23.45 cents
• Full year dividend: 10.0 cents per share (up 66.7%)

What else do investors need to know?

SKS made significant strategic moves over FY26, including the acquisition and integration of Delta Elcom, boosting its presence in New South Wales and accelerating its push into the data centre market. A highlight for the year was securing a $210 million contract for a hyperscale data centre in Melbourne, which set a record for the group and showcased its growing capacity.

The company’s work on hand surged to $312 million at 30 June 2026, up from $200 million a year prior, providing a strong platform for future revenue. Importantly, SKS maintained its excellent safety record with zero lost time injuries, even as its workforce and hours worked both climbed.

What did SKS Technologies management say?

Chief Executive Officer Matthew Jinks said:

For the last several years, we have achieved quantum leaps in our financial, operational and people metrics that defy the norm and despite the challenges of the effect of compounding, take the business to the next level year on year.

What’s next for SKS Technologies?

SKS Technologies is targeting further growth, with the board forecasting FY27 sales revenue in the vicinity of $500 million and profit before tax of $60 million. Its expanded bank facilities and cash position provide flexibility and backing for continued investment and expansion, particularly in data centre infrastructure.

Ongoing improvements in technology, operational systems, and training are in place to ensure sustained productivity and the ability to meet strong demand in targeted markets, including major government and private sector projects.

SKS Technologies Group share price snapshot

Over the past 12 months, SKS Technologies shares have risen 260%, outperforming the All Ordinaries Index (ASX: XAO), which is flat over the same period.

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The post SKS Technologies reports record FY26 earnings appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart 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 Sks Technologies Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.