Synertec Delivers Strong 1H FY26 with Positive Cash Flow and Growing Pipelines
Synertec Corporation (ASX: SOP) reported improved first-half performance, with revenue rising 20% to AU$10.2 million and operating cash flow turning positive at AU$0.5 million, marking a key turnaround milestone. Cost reductions of AU$2.5 million supported margin improvement and EBITDA recovery.
The Engineering segment showed strong momentum, with EBITDA up 144% and a pipeline of ~AU$135 million, supported by increasing tender activity across multiple sectors. Meanwhile, the Powerhouse energy storage business continues to scale, with a qualified pipeline of ~AU$122 million and ongoing cost efficiencies. A key highlight was the TasNetworks contract for six community batteries, reinforcing commercial traction in grid and distributed energy solutions. Overall, the update reflects improving operational discipline and growing momentum across both core divisions.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Synertec Delivers Strong 1H FY26 with Positive Cash Flow and Growing Pipelines
Synertec Corporation (ASX: SOP) reported improved first-half performance, with revenue rising 20% to AU$10.2 million and operating cash flow turning positive at AU$0.5 million, marking a key turnaround milestone. Cost reductions of AU$2.5 million supported margin improvement and EBITDA recovery.
The Engineering segment showed strong momentum, with EBITDA up 144% and a pipeline of ~AU$135 million, supported by increasing tender activity across multiple sectors. Meanwhile, the Powerhouse energy storage business continues to scale, with a qualified pipeline of ~AU$122 million and ongoing cost efficiencies. A key highlight was the TasNetworks contract for six community batteries, reinforcing commercial traction in grid and distributed energy solutions. Overall, the update reflects improving operational discipline and growing momentum across both core divisions.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au