Another contract win has sent SKS Technologies Group Ltd (ASX: SKS) shares to a record high on Friday.
This adds to what has already been a massive run for shareholders.
At the time of writing, the SKS share price is up 7.68% to $8.13. The stock traded as high as $8.20 earlier this morning, before easing slightly from that level.
That still leaves SKS shares up around 101% in 2026 and about 345% over the past 12 months.
Image source: Getty Images
Another contract lands
In its ASX release, SKS said it has received written confirmation from Buildcorp Group for a new contract.
The contract is worth about $22 million.
It covers the supply and installation of a fully integrated electrical technology solution for a major retailer's new headquarters in Melbourne's Docklands precinct.
The project is expected to take about 13 months to complete, with final completion due in the first quarter of 2028.
The scope includes core electrical infrastructure, distribution systems, advanced lighting, communications and IT, and smart building system integration.
Chief Executive Matthew Jinks said the contract reflects the company's reputation for quality and delivery capability. He also said it reinforces SKS as a trusted partner on complex, large-scale, commercial developments.
Order book keeps growing
SKS also said its order book now sits at $355 million. That includes about $270 million of work extending beyond the traditional 12-month horizon into the second half of FY27.
Since February 2026, SKS said its work tenders have increased by almost 120%, from $572.26 million to $1.25 billion.
Data centre tenders now account for more than $1 billion of that pipeline.
More funding room
SKS also released a separate update, giving investors another reason to look at the stock.
The company said it has been approved by Commonwealth Bank of Australia (ASX: CBA) for a further $20 million in its bank guarantee facility.
That lifts its total bank guarantee facility to $48 million. Including equipment finance, its total facilities now sit at $52 million.
Management said the extra capacity will support the company's growth plans and help it manage working capital through larger projects.
That is worth noting because SKS is now dealing with a much larger order book and tender pipeline than it did a year ago.
Its total bank debt facilities have increased by 6.5 times in less than 4 years.
The company also said the expanded bank facilities will support its organic growth strategy over the next 4 years.
