Shares in Subiaco-based engineering contractor SRG Global experienced a significant surge on Tuesday, propelled by the announcement of a massive $650 million in newly secured contracts.
A Diverse Portfolio of Major Projects
The company revealed a wide array of new work that spans critical infrastructure sectors across Australia and New Zealand. This contract bonanza significantly strengthens the company's project pipeline and follows a strategic period of expansion, including its recent $115 million acquisition of Western Australian marine infrastructure specialist, Total AMS.
Key projects disclosed to the market include the design and construction of concrete tanks for the new Alkimos seawater desalination plant, a project slated for completion in late 2026. In the resource-rich Pilbara, SRG Global will undertake earthworks and civil services for Fortescue's Bonney Downs Wind Farm.
Mining and Defence Sectors Show Strong Growth
The company's mining sector presence was also solidified with several long-term agreements. These include a five-year contract for shutdown maintenance at Wesfarmers’ CSBP Kwinana operations, a similar five-year arrangement with mining giant Roy Hill, and a four-year maintenance services contract with Tianqi Lithium Australia for its Kwinana refinery. A further five-year gig was secured at Alcoa’s Pinjarra and Wagerup refineries.
Beyond resources, SRG Global is capitalising on opportunities in the defence sector, with a suite of ongoing infrastructure works scheduled for completion in 2026. The company also secured a specialist rehabilitation contract for the San Remo Bridge in Victoria.
Managing Director David Macgeorge expressed his satisfaction, stating, "I am particularly pleased that the combined specialist bridge strengthening and improvement capabilities of our Asset Remediation team, together with the marine infrastructure services capabilities of our TAMS business, have enabled SRG Global to secure new contracts through collaborative agreements with our clients."
Market Response and Share Price Rally
The market responded enthusiastically to the news. By the close of trading on Tuesday, 25 November 2025, SRG Global shares had jumped nearly 6.4 per cent to reach $2.85. This latest gain contributes to an extraordinary 12-month run for the company, with its stock price skyrocketing over 110 per cent since November 2024 when shares were trading around $1.31.
