EarningsAnalyst maintains a BUY recommendation and increases the price target to $3.46/share based on increasing confidence in stronger than expected short term earnings and longevity of Searipple.
Orderbook Stability65% of revenue for Building Solutions is repeatable work, further supported by a $115m orderbook at the end of August, largely de-risking revenue and EBIT for FY26.
Revenue GrowthRepeatable revenue for Building Solutions grew to 83% of revenue, indicating a strong and reliable income stream.