The All Ordinaries Index (ASX: XAO) is up 0.5% today, with this ASX All Ords share once more outpacing those gains.
The fast-rising stock in question is diversified services provider Symal Group Ltd (ASX: SYL).
Symal is a relative newcomer to the ASX, having listed in November 2024. And the ASX All Ords share has been on a tear ever since.
Symal shares closed yesterday trading for $3.26. In early morning trade on Friday, shares are changing hands for $3.37 apiece, up 3.4%.
With today's intraday boost factored in, the Symal share price is now up a whopping 98.2% in 2025.
Here's what's grabbing ASX investor interest today.
Image source: Getty Images
ASX All Ords share gains on South Australian expansion
Investors are piling into Symal shares today after the company announced it has entered into a conditional agreement to acquire 80% of the shares in Davison Earthmovers.
The ASX All Ords share will pay $23.2 million for its majority stake in the South Australian civil construction business. The acquisition includes more than $11 million in plant and equipment assets.
Symal said that the business also brings a skilled workforce and strong management team. Paul Davison, founder and managing director, will retain a 20% stake and continue to lead the business.
The ASX All Ords shares also highlighted that South Australia is a region with a $27.3 billion infrastructure pipeline over the next four years. With the acquisition of Davison, Symal said it is well-placed to accelerate its participation in major projects. This includes road and rail infrastructure, defence, building and facilities, and renewable energy initiatives.
Turning to the numbers, Symal expects the acquisition to deliver annualised underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) of around $7 million and be earnings per share (EPS) accretive from the first year of ownership.
Symal expects the deal to be completed in Q3 FY 2026, subject to satisfaction of closing conditions.
What did management say?
Commenting on the deal that's boosting the ASX All Ords share today, Symal managing director Joe Bartolo said, "This acquisition marks a pivotal step in Symal's journey to build enduring capability and presence in South Australia."
Bartolo added:
Davison Earthmovers brings a legacy of excellence, a skilled team, and trusted relationships that resonate with our own values and culture. By integrating their expertise and resources, we're not just expanding our footprint – we're strengthening our ability to deliver complex infrastructure solutions with agility and reliability.
South Australia is entering a transformative phase, with major investments reshaping its infrastructure landscape. The addition of the Davison team positions Symal to play a leading role in this growth by leveraging local insights and executing on our proven self-performing model.
Symal said it will provide updated FY 2026 guidance upon completion of the acquisition.
