SKS Technologies Secures $100M Data Centre Contract, Shares Soar Over 23%

Key Highlights:

• SKS awarded $100 million contract for “Building C” data centre project in Melbourne
• Third successive contract with global hyperscale client via Erilyan Group
• Work on hand climbs to $220 million; shares rally 23.53% to $1.89
• Strong pipeline with $492 million under active tender
   

SKS Technologies Group Ltd (ASX: SKS) delivered a market-moving announcement on Thursday, securing a $100 million data centre contract that sent its shares surging 23.53% to $1.89 by mid-session.

The contract, awarded by construction firm Erilyan Group, involves electrical infrastructure works for “Building C,” a new facility in Melbourne’s western suburbs commissioned by a global hyperscale data centre operator. This project marks SKS’s third consecutive win for the client, following successful completions of Buildings A and B.

The latest award cements SKS’s growing stature in the high-demand data centre infrastructure space. With the new project added to its ledger, SKS’s work on hand now totals $220 million, a significant uplift for the $213.7 million market-cap firm.

CEO Matthew Jinks highlighted the strategic importance of repeat business and strong execution. “We have quickly built an enviable reputation in the industry for our data centre work,” Jinks stated. “This award underscores our unerring focus on excellence and our proactive, client-focused approach.”

The scope of the Building C project includes the installation and testing of high- and low-voltage electrical systems, transformers, generators, main switchboards, and structured cabling. Completion is expected by September 2026, with funding sourced from existing working capital and bank facilities.

SKS also confirmed a healthy pipeline of $492 million in open tenders, signalling robust demand across its target markets. The company has benefited from growing interest in data centres, fuelled by AI workloads, cloud computing, and digital infrastructure investments.

With a PE ratio of 19.89 and a 1-year return of 137.74%, SKS continues to outperform, attracting investor attention for its focused strategy and execution track record. Its 52-week range spans from $0.69 to $2.45, with today’s price action pushing it back toward recent highs.

As institutional investment in digital infrastructure accelerates, SKS Technologies appears well-positioned to maintain momentum and drive shareholder value.