SRG Global delivers increased profit, cash and dividends, and upgrades FY23 guidance

SRG Global is pleased to announce its Financial Results for the six months ended 31 December 2022. David Macgeorge, Managing Director said, “SRG Global continues to make significant progress in the execution of our strategy.

Our 1H FY23 result is underpinned by strong business fundamentals, excellent cash generation and solid operational delivery for our blue-chip client base.

Our 1H FY23 financial performance is clear evidence of the strength and diversity of our business and is testament to the hard work of all 2,600 people at SRG Global.   The Company has Work in Hand of $1.5b and is well positioned for long term sustainable growth with two thirds annuity-style earnings and positive

exposure to broader macro-economic growth drivers across the asset services, industrial and mining sectors as well as significant investment in the infrastructure and construction sectors.

The strong result means SRG Global will pay shareholders an interim fully franked dividend of 2.0c per share, a 33% increase on the 1H FY22 dividend and continues our track record of funding the growth phase of our strategy whilst delivering increased dividends to our shareholders.

The Company has increased the FY23 EBITDA guidance to a range of $72m to $75m which continues the step-change growth journey of SRG Global.”