Southern Cross Electrical Engineering Ltd
SXE.ASXIndustrials
Leading and trusted national provider of specialised electrical, instrumentation, communications, security, fire and maintenance services and products
Market Data
$4.780
+0.0%$1.4B
463.8x
$0.010
1.60%
+0.4%
Latest Earnings
Half Year Results Announcement
18 February 2026
SCEE delivered strong operational performance with underlying EBITDA up 30.8% to $35.4m and underlying EBIT up 25.5% to $29.1m, but reported a $12.8m NPAT loss due to $46.1m in WestConnex arbitration costs. The company raised FY26 EBITDA guidance to at least $72m and highlighted an unprecedented pipeline of data centre projects worth over $1bn in tender. Key points: Record half-year gross profit of $65.9m, up 30.3% with improved margin to 18.9%; Strong underlying performance with EBITDA up 30.8% and EBIT up 25.5%; Order book of $710m up 6% with over 85% now on East Coast
Recent Announcements
Ceasing to be a substantial holder
Citigroup Global Markets Australia Pty Limited (ACN 003 114 832) ceased to be a substantial holder.
Becoming a substantial holder
Citigroup Global Markets Australia Pty Limited (ACN 003 114 832) became a substantial holder (5.2663%).
Investor Presentation - Trading Update and Equity Raising
Southern Cross Electrical Engineering Limited (SCEE) is conducting a fully underwritten placement of new shares to institutional and sophisticated investors, followed by a share purchase plan (SPP) for eligible Australian and New Zealand shareholders, with up to $30,000 per participant. Macquarie Capital and Barrenjoey Markets are acting as joint lead managers and underwriters for the capital raising announced on 15 June 2026.
New Works Awards, Trading Update and Equity Raising
Southern Cross Electrical Engineering Limited (ASX: SXE) announced new works awards totalling over $150m across data centre, infrastructure and mining sectors, raised FY26 EBITDA guidance to at least $75m and forecast FY27 EBITDA of at least $100m. The company is conducting a fully underwritten $150m institutional placement and non-underwritten $15m share purchase plan to fund working capital and acquisition opportunities, with shares priced at $3.85-$4.00.
Ceasing to be a substantial holder from PPT
PPT ceased to be a substantial holder.
Half Year Results Announcement
SCEE delivered strong operational performance with underlying EBITDA up 30.8% to $35.4m and underlying EBIT up 25.5% to $29.1m, but reported a $12.8m NPAT loss due to $46.1m in WestConnex arbitration costs. The company raised FY26 EBITDA guidance to at least $72m and highlighted an unprecedented pipeline of data centre projects worth over $1bn in tender. Key points: Record half-year gross profit of $65.9m, up 30.3% with improved margin to 18.9%; Strong underlying performance with EBITDA up 30.8% and EBIT up 25.5%; Order book of $710m up 6% with over 85% now on East Coast
Appendix 4D
Southern Cross Electrical Engineering reported a challenging half year with revenue declining 12.2% to $349.1M and swinging to a $12.8M statutory loss from $16.2M profit previously. Despite operational improvements with underlying EBITDA up 30.8%, the company was impacted by significant $46.1M WestConnex dispute costs, though it maintained its 2.5 cent fully franked dividend. Key points: Strong underlying operational performance with EBITDA up 30.8% to $35.4M; Underlying EBIT improved 25.5% to $29.1M showing business resilience; Maintained 2.5 cent fully franked interim dividend despite challenges
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