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Saunders Secures AU$16.4 Million Refinery Upgrade Project at Ampol’s Lytton Facility

Source: Kapitales Research

Highlights:

  • Saunders International has been awarded a AU$16.4 million project at Ampol’s Lytton Refinery in Brisbane.
  • The contract involves upgrade and refurbishment works on an existing fuel storage asset.
  • The award reflects Saunders’ ongoing relationship with Ampol under established service arrangements.
  • The works are expected to contribute to revenue and earnings across FY26 and FY27.

Contract Award at Lytton Refinery

Saunders International Limited (ASX: SND) has been appointed to deliver works valued at AU$16.4 million at Ampol’s Lytton Refinery in Brisbane. The project forms part of Ampol’s continued investment in maintaining and enhancing essential refinery infrastructure and represents another addition to Saunders’ expanding energy-sector workload.

The contract was secured through Saunders’ existing service frameworks with Ampol, reinforcing the depth and continuity of the relationship between the two organisations. The award reflects ongoing confidence in Saunders’ capability to safely and efficiently execute technically complex projects within live operating environments.

Scope and Strategic Fit

The scope of the project includes upgrade and refurbishment activities on an existing fuel storage tank at the refinery. These works are intended to strengthen asset integrity and extend the useful life of key infrastructure, supporting safe and reliable refinery operations.

The contract aligns with Saunders’ core expertise in asset renewal and maintenance services across the energy sector. It also supports the company’s market-focused strategy, which targets opportunities across Energy, Water, Defence and Government, and Resources and Industrials. Ongoing repeat work from established clients continues to underpin Saunders’ project pipeline and provide greater certainty over future activity levels.

Project Timing and Earnings Impact

Work on the project is scheduled to commence shortly after contract execution. The contract is expected to contribute to Saunders’ revenue and earnings across FY26 and FY27, enhancing medium-term earnings visibility and strengthening the company’s forward workload position.

The timing of the project complements Saunders’ existing portfolio of energy and industrial contracts, allowing the company to efficiently deploy its skilled workforce and leverage its project delivery capabilities.

Management Commentary

Managing Director and Chief Executive Officer Angelo De Angelis said the contract underscores the strength of Saunders’ energy market positioning and reflects ongoing client confidence in the company’s ability to deliver essential infrastructure projects. He noted that securing repeat work from long-term clients highlights the value of consistent execution and operational reliability.

Outlook

With this latest contract award, Saunders continues to build momentum in the energy market, supported by recurring work from established clients and a diversified project base. Investor focus is likely to remain on delivery performance, margin discipline, and the company’s ability to convert its growing pipeline into sustainable earnings growth across multiple end markets.

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