SKS Technologies Group Secures Further AU$80 Million of Work on Existing Data Center Contract

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SKS Technologies Group (ASX:SKS) said it has secured a further AU$80 million of work on its existing data center contract with construction company Hickory, bringing the total contract award to AU$210 million, according to a Friday Australian bourse filing.

The company said the contract covers the design and construction of a full suite of critical electrical systems and infrastructure for a hyperscale data center facility in Melbourne's western region, with project completion expected in the third quarter of 2027.

SKS Technologies said work on hand currently sits at AU$350 million, with about AU$240 million or roughly 69% flowing into fiscal 2027.

The company said the increased level of work on hand supports its fiscal 2026 earnings forecasts of revenue of AU$340 million and a 10% profit before tax margin, resulting in a before-tax profit of AU$34 million.

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