ASX industrials stock SRG Global Ltd (ASX: SRG) is making headlines this week after its share price soared on full-year results.

The company is a diversified industrial services group that provides multidisciplinary construction, maintenance, drilling, and geotechnical services to clients in sectors including mining, industrial processing, infrastructure, and renewable energy.

In the last 12 months, this ASX industrials stock has risen an impressive 145%. 

A new report from Bell Potter suggests there could still be more growth to come. 

What did the company report?

SRG released FY26 results and FY27 guidance on Tuesday. 

Results included: 

• Revenue up 27% to $1,675.5 million (FY25: $1,323.3 million)
• Underlying EBITDA rose 34% to $170.1 million
• Net profit after tax (NPAT) up 51% to $71.9 million
• Earnings per share increased 44% to 11.6 cents
• Final dividend of 4 cents per share (fully franked), bringing total FY26 dividend to 7 cents (up 27%). 

Speaking on the results, Managing Director David Macgeorge commented:

SRG Global has continued to deliver strongly, reflected in a significant +34% increase in EPS(A) to 13.8 cents. This result demonstrates our focus on delivering long-term value for shareholders, underpinned by continued organic growth across the business alongside the successful execution of our acquisition strategy. Our transformation into a diversified infrastructure services business is driving record performance, with strong foundations now in place to support the continued delivery of long-term, sustainable returns to shareholders.

Bell Potter’s updated view

Following the announcement, Bell Potter released updated guidance on this ASX industrials stock. 

The broker saw the result as largely positive, with underlying EBITDA ahead of expectations. 

The result was supported by stronger-than-expected engineering and construction revenue and a strong contribution from the company’s Total Asset Management Services business, which exceeded its original earnings target by 10%.

For fiscal 2027, management upgraded its earnings guidance to $195 to $205 million, supported by a record $5.1 billion of work already secured, stronger maintenance activity, and an improved outlook for Total Asset Management Services.

Price target upgraded

Following the results, the team at Bell Potter retained its buy recommendation on SRG shares and increased its price target to $4.50 (previously $4.25). 

From yesterday’s closing price, this indicates an upside potential of nearly 14%. 

We see SRG’s 24% valuation premium to the peer group (FY27 PE(A)) as justified and reflective of management’s strong track record of organic and inorganic growth and a business delivering >80% of its earnings from recurring streams.

The post This high flying industrials stock just rocketed 9% on results and is expected to keep rising appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Bell 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.

The Lottery Corporation Ltd (ASX: TLC) share price is in focus after the company announced resilient FY26 results, with a maintained fully franked full-year dividend and continued growth in its Keno business, despite rare unfavourable jackpot outcomes.

What did The Lottery Corporation report?

• Revenue of $3,582.5 million, down 2.7% on the prior year
• EBITDA (before significant items) of $736.1 million, down 1.8%
• NPAT (before significant items) of $342.5 million, down 6.3%
• Full-year dividend of 16.5 cents per share, fully franked, unchanged from last year
• Keno revenue grew 3.0% to $364.3 million; Keno EBITDA up 6.2% to $109.5 million
• Operating expenses reduced by $11.2 million to $295.9 million

What else do investors need to know?

The Lottery Corporation faced historic low jackpot outcomes this year, with no $100 million Powerball draw for the first time since FY21 and no Oz Lotto $50 million jackpot since FY17. These factors led to notable declines in jackpot game turnover and revenue but were partly offset by price increases and disciplined expense management.

A standout event was the 40-year extension of the Victorian lottery licence, significantly increasing certainty and duration of earnings. This extension also triggered a planned change to the company’s dividend policy, shifting to 80–100% of NPATA (before significant items) from FY27, to better reflect underlying cash flow.

What did The Lottery Corporation management say?

Lottery Corporation’s CEO, Wayne Pickup, commented:

The Lottery Corporation’s infrastructure-like qualities were again evident in FY26, underpinned by our long-dated licences, trusted brands, scaled distribution and reliable cash generation. The recent 40-year extension of the Victorian lottery licence has structurally lowered the risk of our business, extended the duration of our licence base and reinforced our strong investment-grade credit rating.

What’s next for The Lottery Corporation?

Looking to FY27, management is focused on driving growth through further digital innovation and product refreshes, including price changes to Set for Life and a new Oz Lotto variant subject to approval. The company aims to expand its digital customer base, launch new retail terminals, and enhance instant-win game offerings.

The business will remain disciplined with costs and capital allocations, targeting $305–315 million in FY27 operating expenses. Strategic investment in technology and customer engagement is expected to underpin sustainable long-term growth, even as jackpot-driven revenues naturally fluctuate.

The Lottery Corporation share price snapshot

The Lottery Corporation share price has moved broadly in line with the S&P/ASX 200 index (ASX: XJO) over the past year, with performance reflecting both sector trends and jackpot variability.

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The post The Lottery Corporation FY26 earnings: steady results, dividend held appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended The Lottery Corporation. The Motley Fool Australia has recommended The Lottery Corporation. 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.

The Stockland Corporation Ltd (ASX: SGP) share price is in focus today as the property group reported a statutory profit up 20.2% to $994 million for FY26, and post-tax Funds From Operations (FFO) rising 10.4% to $892 million, hitting the top end of its guidance range.

What did Stockland report?

• Statutory profit up 20.2% to $994 million
• Post-tax FFO up 10.4% to $892 million; FFO per security of 36.9 cents
• Net Tangible Assets (NTA) per security rose 4.0% to $4.39
• Full year distribution steady at 25.2 cents per security; payout ratio of 69%
• Development FFO surged 17.3% to $540 million
• Gearing at 22.7%, within its 20–30% target range

What else do investors need to know?

Stockland has made significant progress with its capital partnering strategy. It welcomed prominent global partners—including Morgan Stanley Real Estate, EdgeConneX and Mercer—across retail, data centre, and land lease sectors. Approximately $1.5 billion of third-party capital was raised during the year, and $0.7 billion was recycled, reflecting continued capital discipline.

Operationally, Stockland settled 8,902 lots in its Masterplanned Communities (up 30% year on year) and 777 homes in its Land Lease Communities (up 48%). The group also secured power for around 450MW of future data centre development, highlighting its push into digital infrastructure.

What did Stockland management say?

Managing Director and CEO Tarun Gupta said:

FY26 was a year of strong execution. We delivered FFO per security at the top end of guidance, achieved record development settlement volumes and maintained disciplined capital management. We grew sales by 53% across our Masterplanned Communities and Land Lease platforms, delivering more affordably-priced housing solutions for Australians.

What’s next for Stockland?

Looking ahead to FY27, Stockland expects to maintain its distribution at 25.2 cents per security, with FFO per security guidance of 38.0 to 39.0 cents. The company is targeting between 7,300 and 8,300 Masterplanned Community settlements and plans to continue growing its Land Lease platform, targeting 850 to 950 settlements. Management believes growth in other business areas will offset a lower contribution from community settlements in the coming year.

Stockland is also expecting its data centre developments to start delivering FFO in FY27, complementing steady income growth from its core investment portfolios.

Stockland share price snapshot

The Stockland share price has underperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a disappointing decline of almost 30%.

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The post Stockland profit up 20% as development surges: FY26 results and outlook appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro 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 no position in any of the stocks mentioned. 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.