SKS Technologies (ASX:SKS) Reports Strong 1H25 Performance
Financial Performance
SKS Technologies reported a 14.4% increase in traditional revenue in 1H25, reaching $83 million. The company projects FY25 revenue of approximately $260 million with a profit before tax of over $18 million.
Work on Hand and Pipeline
The work on hand grew to $174 million in 1H25, reflecting a 59% CAGR since 1H21. Additionally, SKS Technologies has $492 million in open tenders as of May 2025, excluding a recently announced $100 million project with Erilyan Group.
Operational Achievements
The company successfully entered new markets in the Northern Territory, South Australia, and Western Australia, and doubled its Indigenous workforce, employing 21 Indigenous electrical apprentices.
Safety and Workforce
SKS Technologies maintained a strong safety record with 1 lost time incident in 1H25.
Future Outlook
The company is positioned for both organic growth and opportunistic acquisitions, supported by a robust balance sheet and increasing demand across all market sectors, especially data centres.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Sks Technologies Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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