SGH approves $500m on-market share buyback

The news: SGH has approved an on-market buyback of its ordinary shares of up to $500 million over the next 12 months, which the industrials group said is part of its “disciplined approach to capital management”.

The context: SGH told the exchange that the buyback reflects the company’s “disciplined approach to capital management” as its leverage falls below its “through-the-cycle target of 2.0x” adjusted net debt to EBITDA.

The company also told the market that the size of the share buyback will not reduce the company’s “financial flexibility to fund organic investment and to act on material growth opportunities as they arise”.

SGH will commence the buy-back on or about 11 August 2026 to allow for the end of the blackout period coinciding with the release of FY26 financial results.