SRG Global's 1H FY24 performance overview

SRG Global Limited (ASX: $SRG) has released its Appendix 4D and Half-Year Report for the half-year ended 31 December 2023. The company reported a substantial increase in revenues and earnings before interest, tax, and amortisation of customer contracts and intangible assets (EBITDA) across its Asset Maintenance, Mining Services, and Engineering and Construction segments.

Executive commentary on 1H FY24 performance

The Directors of SRG Global are pleased to report a strong performance for the first half of the financial year 2024. The company has achieved significant revenue growth, particularly in the Asset Maintenance segment, where revenues increased by 89.5% compared to the previous corresponding period. The Mining Services and Engineering and Construction segments also demonstrated positive results with revenue increases of 4.2% and 9.4% respectively. The company's focus on delivering a suite of engineering-led specialist services across the entire asset lifecycle has contributed to these encouraging outcomes.

Summary of SRG Global's outlook

SRG Global's strong financial performance in the first half of FY24 reflects its effective delivery of integrated services to customers. The company's robust revenue growth and improved EBITDA across key segments indicate a positive outlook for the remainder of the financial year. SRG Global's commitment to providing comprehensive ground solutions, integrated products, and services to its clients positions it well for continued growth and success. The declaration of an interim fully franked dividend further underscores the company's confidence in its financial position and future prospects.