Announcement dropped 8:30 am 25/6:
SRG Global secures $850m of contracts in diverse sectors with repeat clients across Australia and NZ
Highlights:
• SRG Global has secured $850m of contracts with blue-chip, repeat clients across Australia and New Zealand
• Contracts secured in Water, Energy, Oil & Gas, Industrial, Resources, Health, Education, Defence, Transport, Data Centres and Commercial sectors
SRG Global Ltd (‘SRG Global’ or ‘the Company’) (ASX: SRG) is pleased to announce it has been awarded $850m of contracts with blue-chip, repeat clients in a diverse range of sectors, including:
Water
• Dam Anchoring contract with Seqwater to deliver staged strengthening works of the North Pine Dam, in South-East Queensland (QLD), including the installation of engineered anchoring systems. The contract will commence immediately and is expected to be completed in October 2026; and
• Water Infrastructure contract with Hunter Water for the construction of water mains to distribute water from the planned Belmont Desalination Plant in Newcastle, New South Wales (NSW). The contract will commence immediately and is expected to be completed in June 2026.
Energy / Oil & Gas
• A five-year term contract for asset integrity and reliability services with Origin Energy at their Darling Downs, Eraring and Shoalhaven Power Assets across Queensland and New South Wales. The contract works have now commenced;
• Contract with Genesis Energy to refurbish penstocks at the Waikaremoana Hydro Scheme in the North Island, New Zealand. Work is expected to commence in September 2025 and be completed in early 2026.
Industrial and Resources
• A 3 + 1 year term contract with Genesis Minerals to provide specialist production drill, blast, explosives and grade control services at the Jupiter gold operations and a further 1-year contract extension at the Admiral operations in the Northern Goldfields region of Western Australia (WA). The contract works have now commenced;
• Asset integrity and reliability services term contracts with BHP Iron Ore in the Pilbara region of WA, BHP Copper SA assets in South Australia (SA), Alcoa’s refineries in the south-west of WA and Anglo American’s assets across Australia. These term contracts have commenced and have contract durations ranging between 12 months to 5 years;
• A five-year term contract, with South32 to provide specialist major shutdown maintenance services across its Worsley operations in the south-west of WA. The contract commences in August 2025;
• A five-year term contract for the Bugarrba Aboriginal JV with BHP to provide shutdown engineered access services in the Pilbara, WA. The contract works have now commenced;
• Minesite infrastructure contract for access road construction at South32’s operations in South-West WA. The contract has commenced and will be completed in November 2025; and
• Appointment to HanRoy Sustaining Capital Panel for Civil Works in the Pilbara region of WA, effective immediately.
Health & Education
• Structures contract for Curtin University’s new Sciences Facility with Lendlease in Perth, WA. The works have commenced and will be completed by March 2026.
Defence & Transport
• Ongoing infrastructure works in the Defence sector in WA expected to be completed by the end of 2025; and
• Engineered Products contract for the supply of specialist structural products for the Western Sydney Airport Stations Project for Sydney Metro and the supply of engineered Bartek couplers for the River Torrens to Darlington project for the South Australia Department of Infrastructure and Transport.
Data Centres & Commercial
• Structures contract with Multiplex for the NextDC Malaga Data Centre in Perth, WA, beginning immediately with completion expected in November 2025; and
• Specialist facade contracts with Multiplex at the 240 Margaret Street Development and Buildcorp for the 450 Queen Street Redevelopment in Brisbane, QLD. The contracts will start immediately and are expected to be completed in 2026.
David Macgeorge, SRG Global Managing Director, commented: “We continue to secure a number of significant contracts across Australia and New Zealand in a broad range of sectors with blue-chip repeat clients. These contract awards are a further demonstration of our market-leading capabilities as a truly diversified infrastructure services company and positions the Company well to continue to deliver long-term sustainable growth.”
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So I have to wonder what’s so special about the 25th. 3 of the companies I hold dropped reports today. Can’t complain as all look good!
I’m impressed by the breadth of SRG’s clients and scope of works. I only bought into them last week, so feel rather vindicated!
Discl: Held in RL