SKS continues to rock and roll.

Today’s ASX Announcement: 

22M contract win for major retailers new HQ

-      Written award of contract to supply and install a fully integrated electrical technology solution for a major retailing group for new HQ in Melbourne Docklands

-      Validates continuing focus on securing work in non-data center sectors

-      Scope includes the provision of complete electrical ecosystem from core electrical infrastructure and distribution systems to advanced lighting, communications and IT and smart building integration

-      Due for completion 1Q28.

-      Order book now sits at 355M of which ~270M extends beyond 12 month horizon into 2H27

-      Since Feb26, pipeline of work under tender has increased 120% to 1.25B with Data centers comprising just over 1B c.f 424M in Feb26.

-      Since May25, pipeline for data centers has increased nearly 4 times (from 270m to 1.02B) underpinning quantum growth in the business’s operational expansion and strong financial performance.

They followed up by announcing a 20M extension to their CBA bank facility.

A very sound end to the week, but one has to wonder how much further the data center expansion has still to run.

Discl: Held