Earnings release
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ASX ANNOUNCEMENT 23 February 2021 ŚRG GLOBAL SRG Global delivers increased profit , dividend , upgrades full year guidance cash and SRG Global Limited ( ' SRG Global ' or ' the Company ' ) ( ASX : SRG ) , an engineering - led global specialist asset services , mining services and construction group , has delivered its Half Year Financial Results for the six months ended 31 December 2020 ( ' 1H FY21 ' ) . Highlights Revenue Up 6 % to $ 283m ( from 1H FY20 ) ■ EBITDA Up 32 % to $ 20.5m ( from 1H FY20 ) ■ ■ ■ ■ Net Cash Improved to $ 5.3m ( from Net Debt of $ 8.4m as at 30 June 2020 ) Fully Franked Dividend Doubled to 1 cent per share in 1H FY21 ( from 1H FY20 ) $ 750m of Contract Wins announced since 1 July 2020 with repeat / targeted clients Record $ 1b Work in Hand , Up 41 % as at 31 December 2020 ( from 30 June 2020 ) Well funded for growth - available funds of $ 82m plus undrawn $ 26.5m equipment finance facility ■ Two Thirds Annuity Earnings Profile in FY21 and beyond ■ Upgraded FY21 EBITDA Guidance to $ 45m - $ 47m ( up from $ 42m - $ 45m ) The 1H FY21 results demonstrate the continued execution of SRG Global's stated strategy for growth . The significant level of new contract wins and the record work in hand of $ 1b is underpinned by demand for the Company's engineering led , end - to - end solutions , across the asset services , mining and construction sectors . The Company is well positioned for long - term sustainable growth , with two thirds annuity - style earnings , exposure to the broader macro - economic growth drivers across the mining and asset services sectors , and COVID - 19 Government stimulus programs in the Infrastructure and Construction sectors . SRG Global has significantly strengthened its financial position over the past six months , moving from net debt of $ 8.4m to a net cash position of $ 5.3m . The Company has improved its liquidity to $ 82m of available funds , plus an additional undrawn $ 26.5m of equipment finance facility , with SRG Global well - placed to fund future growth . Engineer Construct Sustain CORPORATE HEAD OFFICE +61 8 9267 5400 1 Level 1 , 338 Barker Rd Subiaco WA 6008 SRG Global Limited ABN 81 104 662 259 info@srgglobal.com.au srgglobal.com.au MAKING THE COMPLEX SIMPLE