Investors piled into SRG Global after the diversified infrastructure services group announced $1.85 billion in new work and raised its earnings outlook.
The share price jumped 11.2% to $3.49 by late morning trade, putting the stock at the top of the ASX 200.
Momentum comes from a spread of long-dated deals across critical infrastructure segments.
Confidence is also boosted by stronger guidance for the next two financial years.
SRG Global’s new contracts sit across water, defence, energy, industrial, resources, ports, data centres, health and education, underscoring its multi-sector reach.
They include an eight-year agreement with Gympie Regional Council to deliver key water infrastructure and ongoing work programmes within Western Australia’s defence sector.
The company also secured a seven-year contract with Origin Energy to provide inspection services across Queensland operations.
A separate structures contract for the Maddington Data Centre in Perth adds exposure to the fast-growing data infrastructure market.
Guidance now points to higher profitability as these contracts ramp up.
SRG Global lifted FY26 EBITDA expectations to the top of its previous $164 million to $168 million range.
Management also issued fresh FY27 EBITDA guidance of $190 million to $200 million which currently sits above market consensus.
Analysts interpret the move as a signal that contract visibility and margins are stronger than previously assumed.
The updated outlook suggests a solid earnings step-up as long-term agreements progressively contribute to revenue.
SRG Global’s latest wins show how diversified infrastructure providers can benefit from overlapping investment cycles in water security, defence, energy and digital infrastructure.
The company is leaning on its spread of clients to smooth sector-specific volatility.
Stronger guidance relative to consensus may reset expectations for earnings growth across the broader infrastructure services space.
For now, the market focus is on how reliably SRG Global converts its enlarged order book into cash flow and sustained returns.
