{
  "id": 1863594,
  "title": "SCEE FY26 slides: profit surges 40% on margin gains, $100m FY27 target",
  "url": "https://urgent.news/2026/08/19/scee-fy26-slides-profit-surges-40-on-margin-gains-100m-fy27-target",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T03:57:52.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/scee-fy26-slides-profit-surges-40-on-margin-gains-100m-fy27-target-93CH-4866412"
  },
  "original_language": "en",
  "account": "Southern Cross Electrical Engineering Limited (SCEE) reported its FY26 results on August 19, revealing record underlying profitability despite a decline in revenue. The electrical contractor pivoted towards higher-margin work and is positioned for substantial growth in data centers and infrastructure. Revenue dropped 10.3% to $718.7 million, while underlying EBITDA surged 40.5% to a record $77.0 million, up from $54.8 million in FY25. Underlying earnings rose 40.3% to $64.4 million, while net profit after tax increased 24.3% to $39.4 million. The company's cash position reached a record $261.5 million, bolstered by strong cash collection and a $144.7 million net equity raise. SCEE's strategic diversification across sectors, geographies, and disciplines is highlighted in the revenue breakdown, with 75% of revenue originating from eastern states and 59% from electrical services. The company completed a $150 million institutional placement and a $15 million Share Purchase Plan, increasing its bank guarantee and surety bond capacity to $220 million.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "SCEE FY26 slides: record profit, data center revenue set to triple",
        "url": "https://urgent.news/2026/08/19/scee-fy26-slides-record-profit-data-center-revenue-set-to-triple",
        "published": "2026-08-19T04:02:09.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}