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Synertec Corporation Limited ( (AU:SOP) ) has issued an update.
Synertec reported a strong second quarter of FY26, with group revenue and other income rising 25% year-on-year to $5.1 million for the quarter and 19% to $10.1 million for the first half, the highest first-half result since FY19. The company turned around its cash position to generate $1.1 million of positive operating cashflow in the period, while cutting corporate and management costs by $1.1 million in the half, and ended the quarter with $2.7 million in cash and improved net cash after investing $0.7 million in two new Powerhouse units. Its three operating Powerhouse units delivered $0.6 million in high-margin revenue and continued to demonstrate near-perfect power availability for remote gas wells, with two additional units on track for deployment in the fourth quarter and a burgeoning $70 million pipeline of expressions of interest and tenders. The Engineering division maintained above-target revenue, margin and utilisation, supported by a $110 million opportunity pipeline, sector-based restructuring, national geographic expansion and new cyber security capability aimed at strengthening its position across defence, water and other infrastructure sectors, underscoring management’s confidence in sustaining profitable growth and scaling both businesses.
The most recent analyst rating on (AU:SOP) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Synertec Corporation Limited stock, see the AU:SOP Stock Forecast page.
More about Synertec Corporation Limited
Synertec Corporation Limited is a Melbourne-based technology design and development growth company operating through two main divisions: its Powerhouse renewable energy solutions and an Engineering services business. The company focuses on delivering high-availability, fully renewable power systems for remote industrial sites, particularly in the resources sector, and provides engineering, infrastructure and operational technology services across water, life sciences, energy, transport, and defence markets in Australia and New Zealand.
Average Trading Volume: 883,808
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$10.39M
For an in-depth examination of SOP stock, go to TipRanks’ Overview page.