Sources said the raising was underpinned by a big contract win, which would lift earnings guidance for the next financial year to $100 million.

Sources said the raising was underpinned by a big contract win, which would lift earnings guidance for the next financial year to $100 million.

Southern Cross Electrical Engineering, which counts DigiCo and NextDC as clients, launched the cash call in tandem with upgrading EBITDA guidance for 2025-26.