The Lycopodium Ltd (ASX: LYL) share price is in focus today after the company posted full-year FY26 results with revenue of $377.5 million and NPAT of $40.2 million, both within the guidance range.

What did Lycopodium report?

• Revenue of $377.5 million for FY26
• EBITDA of $59.5 million
• Net profit after tax (NPAT) of $40.2 million
• Earnings per share (EPS) of 101.1 cents
• Fully franked final dividend of 37 cents per share (full-year dividend 59 cps, up 69% on FY25)
• Healthy cash balance of $106.2 million at 30 June 2026

What else do investors need to know?

Lycopodium delivered results within its February 2026 guidance, and the Board declared a final fully franked dividend, taking the full-year payout ratio to 60%. The company also reported $661 million in committed contracts heading into FY27, highlighting a robust project pipeline.

The company’s regional model – with hubs in APAC (Perth), the Americas (Toronto), and Africa (Cape Town) – is producing new opportunities, including increased Americas project activity and expanded presence in Latin America via its SAXUM acquisition. The African hub continues to deliver significant projects, while APAC maintains steady work, notably in Western Australia.

Lycopodium logged zero lost time injuries from 9 million controlled service hours, pointing to a strong safety culture. Key project wins during the year included major works in gold and lithium, and several new contracts are set to ramp up into FY27.

What did Lycopodium management say?

Managing Director & CEO Peter De Leo said:

FY26 has been another successful year for the Company, with an expanded geographic reach and the continued delivery of high-quality studies and projects for our clients globally.

What’s next for Lycopodium?

Looking ahead, Lycopodium has issued FY27 guidance for revenue between $540–$580 million and NPAT of $54–$58 million, aiming for a 10% NPAT margin. Management expects a more regionally balanced project portfolio as new work is secured, especially in the Americas and Africa.

Alongside strong resources and infrastructure pipelines, recent contract awards are expected to boost earnings, with further updates promised at the AGM in November. Continued geographic diversification and service expansion underpin the group’s strategy for sustained growth.

Lycopodium share price snapshot

Over the past 12 months, Lycopodium shares have risen 54%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post Lycopodium FY26 earnings: Higher dividend, upbeat outlook 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 Lycopodium. 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.

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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• Here are the top 10 ASX 200 shares today
• SRG Global profit jumps 51% as FY27 guidance upgraded

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.