 has secured major contracts with blue-chip clients across a range of sectors including water, defence and transport, energy, industrial and resources and health and education.){kind=link}
SRG Global secures $650m in contracts
WA-based company SRG Global (ASX: SRG) has secured major contracts with blue-chip clients across a range of sectors including water, defence and transport, energy, industrial and resources and health and education.
ASX-listed mining giants like Fortescue (ASX: FMG), Rio Tinto (ASX: RIO) and Alcoa (ASX: AAI) were among the contracts announced.
Following the announcement, SRG Global share prices rose 17%.
SRG Global managing director David Macgeorge comments on the company’s success with both new and existing clients.
“We continue to secure a diverse range of contracts across Australia and New Zealand in a broad range of sectors with both key repeat and new clients,” he said.
“These contract awards are a further demonstration of our market-leading capabilities as a truly diversified infrastructure services company.”
The company announced 13 contracts, seven of which are in the industrial and resources sector.
Commencing immediately, is the renewable energy infrastructure contract with Fortescue for the delivery of specialist earthworks and civil services at the Bonney Downs wind farm in the Pilbara. The contract will complete in April 2026.
SRG Global also secured a five-year term contract with Alcoa to provide multi-disciplinary maintenance services across its Pinjarra and Wagerup operations in the south-west of WA. The contract will commence in December 2025 and be completed in early 2030.
A four-year term contract with Tianqi Lithium Energy Australia (TLEA) has also commenced. Under the contract, SRG Global will provide specialist shutdown and maintenance services to TLEA’s Kwinana operations. The contract has commenced and will complete in September 2029.
“SRG Global continues to go from strength to strength, underpinned by strong demand for our specialist capabilities and an annuity earnings profile in line with our long-term strategy to deliver sustainable growth across the diverse sectors and geographies in which we operate,” Mr Macgeorge said.
SRG Global reported FY25 earnings before interest, taxes, depreciation and amortisation of $127.1m, up a record 29% from 2024. The company’s overall revenue also increased by 24% to $1323.3m.