SRG Global Ltd (ASX: SRG) is not a well-known name on the ASX, but its shareholders have had plenty to celebrate in 2025.
Since the start of January, shares in the engineering and construction services provider have ballooned from $1.35 each to $2.80 per share at the time of writing.
This performance represents a handsome 107% gain in less than a year.
In comparison, the All Ordinaries Index (ASX: XAO) has risen by 4.4% over the same timeframe.
The powerful rally in SRG shares has been headlined by several notable developments.
In August, the group revealed a record financial performance in FY25, showcased by a 52% surge in net profit after tax (NPAT).
And in October, the company upped the ante by securing a "transformational" acquisition of diversified marine infrastructure services provider, TAMS.
Investors appeared to welcome the acquisition with SRG shares soaring by 29% on the day of the announcement.
Fast forward to today, and the company appears to have added another spark to its operations.
Let's take a closer look at what went down.
What happened?
This morning, SRG announced that it has been awarded a bumper $650 million worth of new contracts across Australia and New Zealand.
More specifically, the contract wins consist of new and existing blue-chip clients in the water, defence, transport, energy, industrial, resources, health, and education sectors.
They include the delivery of specialist earthworks and civil services for the Bonney Downs Wind Farm, operated by ASX 200 iron ore titan Fortescue Ltd (ASX: FMG).
Elsewhere, SRG has been tasked with providing specialist major shutdown maintenance services across Wesfarmers Ltd (ASX: WES)'s Kwinana operations in Western Australia.
The company also secured contracts with other ASX 200 giants, including Alcoa Corporation CDI (ASX: AAI), Rio Tinto Ltd (ASX: RIO), and South32 Ltd (ASX: S32).
Outside of the ASX, SRG will provide rehabilitation and maintenance works at the San Remo Bridge in Victoria.
It will also design and construct concrete tanks for the Alkimos Seawater Alliance in Western Australia.
And in New South Wales, SRG will provide flood resilience works for the Byron Shire Council.
SRG Global Managing Director, David Macgeorge, commented:
We continue to secure a diverse range of contracts across Australia and New Zealand in a broad range of sectors with both key repeat and new clients. These contract awards are a further demonstration of our market-leading capabilities as a truly diversified infrastructure services company.
Share price response
The market appeared to approve the company's new treasure trove of contract wins.
Shares in the ASX 300 industrials stock raced out of the blocks on the back of the announcement, jumping by as much as 7.5% in Tuesday morning trading.
Shares are changing hands at $2.80 apiece at the time of writing, up by about 5% from Monday's close.
The post Up 107% this year! Another boost for this ASX 300 high-flyer with $650m in new contract wins appeared first on The Motley Fool Australia.
Motley Fool contributor Bart Bogacz has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Wesfarmers. The Motley Fool Australia has recommended Srg Global and Wesfarmers. 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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