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The latest announcement is out from Synertec Corporation Limited ( (AU:SOP) ).
Synertec reported third-quarter FY26 group revenue and other income of $5.1 million, up 18% year-on-year, with year-to-date revenue rising 19% to $15.2 million and a marked improvement in operating cash outflows, alongside cost reductions and access to a sizeable undrawn finance facility. The company is investing in and scaling its Powerhouse battery technology, with two units for major oil and gas clients due for completion in the fourth quarter, six additional units contracted with TasNetworks under an ARENA-funded community battery program, validation of a low-cost international manufacturing supply chain, and continued strong EBITDA and reliability performance that together underpin expectations of doubling Powerhouse revenue in FY27 and reinforce its positioning in the rapidly growing distributed energy and grid-support market.
More about Synertec Corporation Limited
Synertec Corporation Limited is an Australian technology design and development growth company focused on engineering-led solutions, including its Powerhouse containerised battery energy storage systems. The company targets industrial, energy and infrastructure markets, with particular emphasis on remote power, grid support and community battery applications in sectors such as oil and gas and electricity distribution.
Average Trading Volume: 617,896
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$12.46M
For a thorough assessment of SOP stock, go to TipRanks’ Stock Analysis page.