The Southern Cross Electrical Engineering Ltd (ASX: SXE) share price is in focus after the company reported a 40.5% increase in underlying EBITDA to $77 million and a record final dividend, despite a dip in reported revenue.
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What did Southern Cross Electrical Engineering report?
- Underlying EBITDA: $77.0 million, up 40.5% on last year's record result
- Underlying NPAT: $39.4 million, up 24.3% year-on-year
- Revenue: $718.7 million, down 10.3% after finishing two major projects
- Final dividend: 7.5 cents per share, fully franked, with total FY26 dividends up 33.3%
- Record cash balance: $261.5 million
- Order book: $810 million, up 18.2% on last year
What else do investors need to know?
SCEE's sector mix is evolving, with over 40% of this year's revenue coming from adjacent non-electrical fields such as fire safety, security, and communications. The Force Fire business, acquired last year, contributed strongly and exceeded expectations.
The statutory result was affected by a $46.1 million settlement related to the WestConnex M5 tunnel project dispute, reducing statutory NPAT to $7.1 million. However, these costs were excluded from the underlying performance metrics.
The company raised $144.7 million through a major equity raising and remains debt-free, which together with expanded finance facilities, give it significant firepower for future acquisitions and growth.
What did Southern Cross Electrical Engineering management say?
Commenting on the results, SCEE Group Managing Director Graeme Dunn said:
The 2026 financial year has seen the group deliver record profitability and returns to shareholders while setting the platform on which we will deliver our significant forecast growth in FY27 and beyond. We have a record order book and cash balance, an unprecedented pipeline of data centre opportunities and significant exposure to Australia's energy transition and infrastructure spend. We remain committed to delivering further acquisitions and maximising the benefits of our diversified multi-disciplinary offering.
What's next for Southern Cross Electrical Engineering?
SCEE has provided EBITDA guidance of at least $100 million for FY27—a 30% increase—supported by a strong project pipeline in data centres, infrastructure, and renewable energy developments. The company is actively exploring acquisition opportunities to diversify further, with new financing facilities ready to fund expansion.
Management expects to capture growth through both organic projects and acquisitions, with no current material constraints flagged. SCEE's strategic focus on Australia's electrification and decarbonisation trends continues to shape its work and expansion plans.
Southern Cross Electrical Engineering share price snapshot
Over the past 12 months, SCEE Group shares have risen 133%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.
