Annual General Meeting. I would like to firstly acknowledge the traditional custodians of the land on which I stand today, the Gadigal people of the Eora Nation, and pay our respects to their elders, past, present, and emerging. As it's now a little after 2:00 P.M., and there being a quorum present, I declare the meeting open for business. I confirm that the meeting has been properly constituted. In opening the Annual General Meeting, I would like to introduce the Board and management team of SHAPE who are in attendance: Peter Marix-Evans, Managing Director Chief Executive Officer, Jane Lloyd, Non-Executive Director and Chair of the Nomination, People, and Culture Committee, Kathy Parsons, Non-Executive Director and Chair of the Audit and Risk Committee, and Peter Massey, Non-Executive Director.
We're also joined by Scott Jamieson, Chief Financial Officer and Joint Company Secretary, and Elizabeth Spooner, Joint Company Secretary. I also note the presence of Nick Michael and Tom Mullarkey, representing the audit firm SW Audit. Please allow me to quickly run through some administration matters for the meeting. For those in the room, if you have not done so already, please either turn off your mobile phone or set it to silent. Recording and photographs of the meeting are not permitted, and we ask that this be adhered to. Please note this is a shareholders' meeting, and only shareholders or their representatives may ask questions.
Visitors in the room holding white cards may observe, but will be unable to participate in today's meeting. Only those with a yellow card can vote at the meeting. Those with a green card can ask a question, but not vote. For shareholders attending online, you will see at the bottom of your screens that the webinar contains a Q&A function. This function can be used to submit questions. Type your question and press Enter or the Send button to submit that question. Please note that while you can submit questions from now on, I will not address them until the relevant time in the meeting. Kindly include the agenda item number to which your question relates.
We have also received written questions from shareholders in advance of the meeting. Where relevant, these will be addressed at the appropriate time during the meeting. Shareholders present in- person, persons holding valid proxies, validly appointed corporate representatives, and attorneys of shareholders have the right to speak and vote at this meeting. With each resolution, I will open the matter to questions, at which point you can raise your hand and I will direct a microphone to you. When it is your turn to speak, please also state your name and the name of any organization you represent.
Questions may be moderated. If we receive multiple questions on one topic, we will amalgamate the questions into one discussion item. To ensure that all shareholders are given an opportunity to be heard, there is a maximum of two questions per person on any resolution. Questions should be kept short and to the point, and we request that you avoid any lengthy preambles or extended remarks. Questions which relate to the general business of the company will be collected and addressed at the conclusion of the meeting. All questions should be addressed to me as the chair. I will either deal with the question personally or ask someone who is better placed to respond. We will do our best to answer any relevant question raised.
Those shareholders attending in- person today that are entitled to vote on the poll are all shareholders, representatives, attorneys of shareholders, and proxy holders who hold yellow voting cards. If you are attending in more than one of those capacities, you will have been issued with as many voting cards as you have separate capacities. If anyone believes they are entitled to vote on this poll in any capacity and does not have a yellow voting card in respect thereof, please raise your hand now and a member of our share registry team will assist you. At the appropriate time, I will ask you to mark your vote for each resolution on the yellow voting card.
After all resolutions have been read and voted upon, please place it in one of the ballot boxes that will be circulating the room. Are there any questions in relation to the voting process? The agenda for today's meeting will be as follows. I will provide the Chairman's address, followed by an address from the company's CEO and MD, Peter Marix-Evans. After which, we will proceed to the formal matters to be considered at today's AGM. Finally, there will be an opportunity for questions and discussion.
As Chairman of the Board, it is my pleasure to address our shareholder group here today. 2026 was a significant year for SHAPE. We grew our core office fit-out and refurbishment business while expanding across education, data centers, and other non-office sectors. We also strengthened our regional presence and broadened our capabilities in new build, modular construction, facilities maintenance, and national multi-site rollouts, building a more diversified business on the strengths that have made SHAPE successful. Today, our team has reached another significant milestone, 1,000 people, up from 890 at the end of financial year 2026.
As we enter our 37th year of profitable operations, the foundations of our success remain unchanged. A strong safety culture, quality of delivery, customer service excellence, disciplined project selection, and above all, SHAPE's culture and the character and capability of our people. FY 2026 delivered strong financial performance as we continue to strengthen our position as a leading national fit-out and construction services specialist. Revenue increased by 30%, surpassing AUD 1 billion for the first time, while project wins increased 37% to AUD 1.3 billion. Earnings also grew strongly, with increases in both EBITDA and net profit after tax, translating to earnings per share of AUD 0.381.
The Board was pleased to declare total dividends per share of AUD 0.32, up 42%, reflecting our confidence in SHAPE's financial position and outlook. Our acquisition of Arden in December 2025, and Australian Professional Shopfitters, or APS, on 1st of July, 2026, further support our strategy, adding complementary capabilities, opportunities for repeat and recurring work. Since year-end, our AUD 800 million DigiCo data center contract also significantly strengthened our order book. A project of this scale requires clear accountability and close oversight, and the Board will receive regular reporting on its progress and key risks throughout delivery.
Peter will discuss these developments in more detail. The Board remains focused on the safety and wellbeing of our people, and on fostering a workplace where people feel valued, supported, and able to grow. Investing in their development and building our next generation of leaders will strengthen our culture and ensure we have the executive capability to deliver our strategy. We finished financial year 2026 with AUD 136 million in cash and marketable securities, providing a strong foundation for continued growth and investment.
The Board also remains focused on capital allocation and effective risk management to support the delivery of our strategy. Market conditions will continue to vary. Nevertheless, we are confident in our people, our balance sheet, and opportunities ahead. We believe SHAPE is well positioned to continue creating long-term sustainable value for shareholders. To that end, the Board will continue to review and assess the skills, competencies, and experience required for the Board composition to best manage the growing complexities of the group and support the management in executing on our strategy.
I look forward to engaging with shareholders around Board renewal to match our growth over the coming 12- 18 months. Thank you to our people, led by Peter Marix-Evans, our clients, our partners, my fellow directors, and our shareholders for your continued support. Thank you, and I will now hand over to our CEO and Managing Director, Peter Marix-Evans.
Thank you, Greg, and warm welcome to everyone. Thanks for taking the trip down the hill for those that have. I think we continue to get more people to our AGM, which is fantastic to see the growth. Thank you for making the effort to come and join us today. As Greg outlined, FY 2026 was another successful year for SHAPE, which we are very proud of. These results reflect not just the execution of our strategy, but also what we have achieved as a team and the teamwork that has been needed to create those results. Again, very proud of that.
We grew our core business whilst making meaningful progress across our three strategic pillars. We have talked about those before, but I will go over them again. That being sector diversification, regional growth, and capability expansion, and I will expand on that a little bit more. As part of our capability expansion, we also acquired Arden during the FY 2026 period, and we acquired APS on the 1st of July FY 2026. That further strengthened both our facilities maintenance and also our manufacturing. Maintenance and national multi-site retail offering across the country as well. Just another really good expansion of our services.
These initiatives are not moving away from what SHAPE does best and what we have done traditionally. That is near and dear to us. But it is about applying our strengths in safety, client experience, project certainty, quality, and our ability to deliver across a broader and more resilient range of projects and markets in ways that are additive and accretive to SHAPE's profitability and growth. Again, as we continue to build that base, it gives us a stronger platform to grow from. Turning to our first strategic pillar, our growth pillar, which is sector diversification, y ou'll see there our wagon wheel continues to get made up of a lot more colors, which is just proof of the diversification, which is really assuring our ability to future-proof revenue.
Our office remains a core market for SHAPE. Project wins increased by 8% in FY 2026 for office, while the total share of wins fell from 52% down to 36%. That not being a reflection of a declining office market, that purely being a reflection of that continued diversification across other sectors. That's an important distinction. We really want to make sure that it's very clear that we're not stepping away from the office market. We intend to and will pursue a greater market share in that area, but we'll also diversify again from an ability to future-proof our revenue.
Education was also a standout, and you'll see there that our revenue more than doubled over the FY 2026 period, AUD 260 million. Strong support from the modular business there as well. As we've always talked about, we're able to follow the money and pivot to where both private and public sectors are spending. We also made a significant entry into the data center market, which we'll no doubt get some questions on later on, which grew from less than 1% in FY 2025 up to circa 10% in FY 2026. That momentum's obviously continued with our announcement of the DigiCo project and contract, which, again, we'll discuss in a bit more detail.
We also achieved growth across hotels, retail, aged care, industrial, and retail, certainly having a benefit from that half year acquisition of the Arden business as well. Our second strategic pillar, being regional growth. Our regional branches, Gold Coast, Newcastle, Tasmania, Geelong, and Townsville, continued to gain momentum. As a collective, they delivered over AUD 130 million in revenue and increased project wins by 160%+ . Tasmania being a standout with some strong growth down there, that being a major contributor. Townsville and Geelong branches achieving some good early traction as we're sort of in our infancy in those businesses.
We now have a strong regional footprint. I think we've expanded across Australia. There's a lot of nice colorful dots on the map, on the preceding map. You can see there the revenue breakup. Our focus now is on building market share in each of those operations. We've established teams, established a good operation there, but we want to continue to grow the team and the capability in those regions. Our third strategic pillar, being capability expansion. You'll see there, FY 2026, both new build and modular construction generated combined revenues of over AUD 170 million. Modular by SHAPE had a particularly strong year, which is pleasing to see. Revenue up over the AUD 74 million mark, as we continue to expand in both Victoria and South Australia.
That capability particularly relevant in sectors where speed and repeatability, and also multi-site repeatable work, particularly lend themselves to regional projects, defense, living sector, that type of stuff, and of course, education. Pleasingly, the acquisition of Arden also strengthened our facilities maintenance, and also our approach or exposure to national multi-site rollout, particularly in the retail, fuel, and convenience sectors, which is areas that SHAPE traditionally haven't had a strong presence in. Turning to FY 2027 and the future.
We've entered the year with a solid platform, some really strong momentum, that's continued since June 30. Pleasingly, the backlog pipeline figures I'll outline have both grown, but I will note that they do exclude Arden and APS. That's not because we haven't brought them into the business, it's more around the nature of their books very quick. It goes into pipeline and turns into backlog very quickly, and then turns into revenue just as quick. We've excluded it just because it would skew the numbers for a prior year. In Q1, we secured AUD 504 million in project wins. Take DigiCo aside, that's an extremely positive result. That takes our backlog orders up to more than AUD 762 million. That's up 21% since the 30th of June. Really strong progress with our BAU across the country.
Further awards after that quarter included, recently awarded circa AUD 800 million contract with DigiCo, and that increases our project wins to more than AUD 1.5 billion and backlog orders above AUD 1.5 billion as at the 19th of October. Again, really strong positioning, good performance, coming out of the gates well, for the financial year. Moving on to DigiCo. The DigiCo contract for the expansion of SYD1 data center campus in Sydney, substantially strengthens our forward order book. Also our position in the data center sector. We've always done data centers traditionally, but they've been more on-prem and for end user clients. This is a much larger contract and really positions us as a player in that area.
DigiCo has confirmed the execution of their customer contract. They've confirmed approved grid, and water, and also the State Significant Development Approval in place. All the barriers to that project proceeding have been moved out of the way. We have a contract and we've commenced work on site. Project's fully funded, as per DigiCo's announcement from existing liquidity, their available debt facilities that they already have, and also they have proceeds from U.S. asset sales. For us, it's expected to contribute to our revenue across both FY 2027 and FY 2028, providing a substantial program of work over the next two financial years.
Our 120-day pipeline, which is known opportunities, so projects that we actually know the names of and the start dates, stands at approximately AUD 1.7 billion. While our overall pipeline was AUD 4.9 billion at 30 September 2026, it's approximately AUD 4.5 billion as at 19th of October, obviously, as we start to take work from pipeline and put it into our backlog. Attracting and developing and retaining high-quality people remains our top priority as secured work expands. In a competitive labor market, SHAPE's culture, national opportunities, the depth and breadth of the work that we're taking on are important advantages, and we'll continue to invest in our teams to support safe, high-quality project delivery.
Looking ahead, the market outlook continues to support our diversification strategy. Whilst the broader economic conditions remain mixed, we do see opportunities arising from changing occupier needs, asset repositioning, and investment in critical and social infrastructure. Office remains a core market, with opportunities across fit-outs, tenant upgrades, and refurbishment programs, including both smaller and shorter duration projects as well. Demand for premium workspace, upgrades to older assets supports our growing focus on office market share, whilst remaining selective in the projects that we take on.
And again, that is supported by such a strong pipeline that we are able to assess. Beyond the office, we see ongoing demand in education, social housing, health, and aged care, supported by population growth, demographic change, and social infrastructure investment. Data centers are one of our fastest growing sectors, with significant long-term tailwinds, and the DigiCo award demonstrates the quality and reliability we have demonstrated during stage 1 of DigiCo, as we worked with the client to develop trusted relationships, and make sure that we have got the right team with the experience and the capability to carry out that work.
The DigiCo project we priced through an early contractor involvement process. So we have been sitting with the client and the design team, helping to de-risk the project and the buildability. Our 50+ person delivery team is led by the people that delivered stage 1, supported by specialists that we have been able to recruit from the industry for such an attractive large project. The team is led by James Fitzgerald. So he is our General Manager for New South Wales. He is our executive sponsor for the project, so with a very strong focus on the successful setup of that project and obviously maintaining oversight as we go along.
And we set up a steering group with both myself and our CFO for regular cost, risk, program safety, and just to make sure that we are keeping an eye on that large team, because they are going to be delivering some pretty decent workload over the coming couple of years, and making sure that we keep them safe and well as well. The scale of this project is significant, but it does not change our approach. We will pursue data center opportunities selectively alongside the broader diversification strategy. So this is not a pivot into data centers. This is merely execution of our strategy to diversify our workbook.
Our focus is not on short term spikes in revenue, but on selecting work we can execute well, manage the risk, and build enduring client relationships, and that have supported sustainable returns for SHAPE. From a regional point of view, our regional growth remains on track. As I mentioned before, strong project wins in Q1 FY 2027, particularly out of our Tasmanian branch. Our focus remains on building market share in those established locations. Our local teams are bringing strong relationships and knowledge of local supply chain and markets, which is supported by the scale, expertise of our national business, combining with our ability to deploy people around the country, and to modular capability across regions. And this gives us a practical, scalable platform to pursue those opportunities as well.
Finally, we continue to expand capabilities selectively, aligning investment in people, product development, and capacity with market demand, forward pipeline, and where we see both public and private spending in the future. In Modular, we are continuing to invest in specialist talent and product development. We are proud to announce that we have established a new facility in Western Australia, which is our third modular manufacturing facility. So the team has already secured their first project on the back of being added to the Western Australian government modular panel for education. So, providing just some really good early traction there.
More broadly, we continue to see opportunity across education, defense, aged care, health and living, including projects supported by government infrastructure programs. Arden and APS add another dimension for our growth outlook through recurring revenue, multi-site rollouts, and cross-selling across the group. Arden continues to undertake fit-out and maintenance work for key clients like 7-Eleven, BP, Liquorland, whilst APS has secured programmatic work with major multi-site retailers across Australia.
Again, adding to our pipeline of repeatable business and repeat clients. Together, their work and ongoing maintenance refurbishments and asset upgrades, particularly in specialist retail sectors such as fuel and convenience, helps to add to that sustainable and diversified revenue base. To round it out, we are very pleased with the progress made in FY 2026. We remain focused on delivering disciplined, sustainable growth in FY 2027. To close, I would like to thank our SHAPE people for their dedication, commitment, and quality of work, and also to our shareholders for your continued support. I would take the opportunity to hand back to Greg.
Thank you, Peter. A truly great year. Now we are at the formal part of the meeting, as set out in the notice of meeting. The notice of general meeting was mailed to all registered members on or about the 25th of September, and is to be taken as read. In accordance with the Corporations Act and the company's constitution, voting today on all resolutions will be conducted by poll. For the purposes of the poll, I appoint Mark Dakadjugmui of Boardroom, the company's share registry, who have examined and prepared summaries of the proxy forms received to act as Returning Officer and to conduct the poll. I now declare the poll open.
Proxies have been inspected and all those validly lodged have been accepted. Proxies have been received representing approximately, or representing 42,781,861 shares or 50.34% of the issued capital of the company. All undirected proxies or open votes that have nominated the Chair of the meeting as their proxy will be cast in favor of each resolution in the notice of Annual General Meeting. The first item of business is to receive the company's annual financial report for the year ended 30 June 2026.
The financial report, sustainability report, and the reports of the directors and the auditors are now laid before the meeting. There will be no vote on this item as it is a discussion item only. The company's auditor for the 2026 financial year, Nick Michael of SW Audit, is present to take questions relevant to the conduct of the audit and the preparation and content of the independent audit's report. Are there any questions or comments on the financial report, sustainability report, or the reports of the directors and auditors?
There's one online.
Okay. Thanks, Mel.
It's from Steven Mayne. The question is, how long has SW Australia been our external auditor? When did we last tender the external audit, and when are we next planning to tender the external audit? Could the ShineWing signing partner please outline the partner rotation process at the firm and also name any other companies capped at more than AUD 500 million market cap which they audit? Now that we're so much larger, more complex, and growing quickly, is it time for us to move to having one of the Big Four audit for our accounts?
Thank you, Mel. It was a matter we discussed today. Scott, can you confirm how long SW have been appointed auditor? For those online, this is Scott Jamieson, CFO of SHAPE.
SW Audit, the original auditor, which was Moore Stephens, that effectively got taken over by SW Audit. Moore Stephens did their first audit with SHAPE Australia back in 2008. They have been our auditors since 2008. In saying that, we have had a rotation of six audit partners over that term.
Thank you, Scott. I can add to that we did have a change of audit partner for the financial year 2026. As Scott just said, there have been six changes in audit partners over the life of the appointment of the firm. Nick, are you able to answer the question in relation to other companies that SW Audit—
Sure.
—with market caps in excess of AUD 500 million?
We have an ASX Top 100 client in Yancoal. I do not have a market cap in front of me, and we do four other top 500s in our portfolio. We are equipped and capable of performing the SHAPE audit.
Thank you very much. Thank you, Mel. As there are no further questions, we will now proceed to the resolution set out in the notice of A nnual General Meeting. Resolution 1, that the remuneration report of the company's controlled entities for the year ended 30 June 2026 be adopted. The proxies received in relation to the resolution are on the screen. If you wish to discuss the resolution, please raise your hand.
We have a question online for that too.
Thank you, Mel.
Which of the proxy advisors covered us this year, and did any recommend to vote against any of today's resolutions, including this rem report item? If so, what reasons did they give, and did this translate into any material protest votes? Please do not say they are confidential. It is standard for companies to be across this detail on the voting recommendations and inform shareholders where relevant.
Thank you, Mel. The Board is not aware of any proxy advisors that did any work or provided any advice in relation to SHAPE. To the best of our knowledge, there was no recommendation made in respect to voting around our remuneration report. Thank you. I will put the motion. Please mark your voting instruction on your yellow voting card. Clearly, with the votes on screen, the motion has been carried. I will move on to the next item, the re-election of Kathy Parsons as a Director. The resolution is that Kathryn Parsons, who retires as Director of the company in accordance with ASX Listing Rule 14.5 and Clause 10.2A of the Constitution, and being eligible, offers herself for re-election, be re-elected as a Director of the company.
The proxies received in relation to this resolution are on the screen. Clearly, Kathy has been supported. I will open this matter for discussion. Please raise your hand if there are any questions. I will put the motion. Thank you. Motion is carried. Congratulations, Kathy, on your appointment for another term and as Chair of the Audit and Risk Committee. Thank you. Resolution 3, that for the purposes of the ASX Listing Rule 7.4, and for all other purposes, the shareholders ratify the allotment and prior issue of 396,228 fully paid ordinary shares issued on the 1st of July 2026. Otherwise, on the terms and conditions set out in the explanatory statement, which accompanies and forms part of this notice of meeting. The proxies received in relation to this resolution are on the screen. If you wish to discuss this resolution, please raise your hand. Are there any questions?
We have a question from Steven Mayne. Why are we wasting everybody's time refreshing the placement capacity for such a small number of shares? The 396,000-odd shares involved in this resolution represent 0.53% of issued capital. Whose idea was it to put this up? Do we have a history of doing selective placements which dilute existing shareholders? Does the Chair agree pro rata capital raisings are the fairest way to go? Will the Chair rule out doing a big placement before next year's AGM?
Look, in answer to that question, these shares were issued as part of the acquisition of the Australian Professional Shopfitters business, using our existing placement capacity. I cannot rule out what we will do in the future. The Board manages and is responsible for the company and its ongoing performance, and that is not a commitment I am able to give for the future. The proxies received in relation to this resolution are on the screen. If you wish to discuss the resolution, please raise your hand. I do not think there are any questions. The motion is carried based on the voting on the screen. Thank you.
In relation to the final resolution approval of future issue of equity securities. The resolution for is as follows, that for the purposes of ASX Listing Rule 7.2, Exception 13, and for all other purposes, the shareholders of the company approve the issue and allotment of the equity securities under the Senior Executive Long Term Incentive Rights Plan as an exception to ASX Listing Rule 7.1, as described, and otherwise on the terms and conditions set out in the explanatory statement accompanying this notice of meeting. The proxies received in relation to this resolution are on the screen. If you wish to discuss this resolution, please raise your hand. Mel, do we have any questions? Thank you.
As there are no questions, I can now put this motion. Please mark your voting instruction on your yellow voting card, and thank you again. This motion is carried. That concludes the resolutions to be voted on today. Has everybody completed their voting card? I now invite boardroom to collect the voting cards. It appears they have been collected. Have all persons that intend to vote submitted their cards? Thank you. That is now complete. I therefore declare the poll closed. The staff at Boardroom will now process the poll, and the results will be announced to the ASX once they are available.
That concludes the formal matters of the business of this meeting. I would like to thank all shareholders for their attendance and declare the meeting closed. As previously advised, we will now hold an opportunity for questions and discussion. If you have any questions, please raise your hand, and we will take questions online, and they will be read out as they are received, if there are any questions. Are there any questions from the room, firstly? Mel, I believe there are some online.
Yes, there are. The first question comes from Steven Mayne again. "Congratulations on a terrific year, and thank you for allowing live online questions. Now that SHAPE's a growing company capitalized at AUD 540 million with more than 1,000 staff, is it time to hire an internal investor relations and media manager to better sell your story? Also, is today's Zoom AGM webcast being recorded, and will a full copy be made available on your website for the benefit of the thousands of shareholders who were unable to tune in live? If not, it just becomes a selective briefing of a tiny minority of shareholders, which is poor practice.
Thank you, Mel. What a difficult question with Mel in the room. But I am pleased to say that we are incredibly happy and pleased with the work that NWR and Mel have done for SHAPE over the last few years. We are obviously conscious of SHAPE's resources and where we allocate resources, and at the moment, we consider the work that is being done by Mel and her team to be absolutely satisfactory for what SHAPE requires. But of course, as the company continues to grow, we will assess that further as we go. In terms of this meeting being recorded and put up online, no, that is not the intention.
It's recorded, so if shareholders want a copy, they could contact me directly.
Okay. Sorry. Yeah, so we're not putting it online, but it is recorded, and a copy can be made available to any shareholder that requests it. Sorry, did that answer all the parts of Steven's questions?
It did, yes.
Thank you. Any others, Mel?
We do have some more online. In terms of the DigiCo contract, are the major DigiCo subcontract costs locked in, and who bears design and commissioning delay risks, SHAPE or Laing O'Rourke?
Now, I suspect there are going to be a couple more questions on the DigiCo contract, and for this, I will invite Peter up to address some of these more specifically.
Yep, certainly. So thank you for that. We are obviously working through securing all of the subcontractors. Suffice to say, we can confidently say that the majority of the key subcontractor numbers are agreed and programs are agreed. So we are working through the dotting the I's and crossing the T's as far as finalizing the actual subcontracts, but we have secured the costs, and we are very confident with that. The benefit of an ECI process that we have had the ability to work through over the last several months is to be able to work with those subcontractors. So comfortable to be able to say that. Sorry, what was the second part of the question?
And who bears—
Design.
—design and commissioning delays?
Yeah, design and commissioning delays, overall, SHAPE are the head contractor. At the end of the day, we bear it. In saying that, we back to back that with each of our subcontractors. Whether it is services or any of our subcontractors, there is a portion under their subcontract which is back to back with the design. We share that risk. As far as Laing O'Rourke, Laing O'Rourke are there as the delivery partner for the client. They are sitting client side, and SHAPE are the head contractor, again, supported by key tier one national subcontractors.
Mel, are there any further questions in relation to DiGiCo? If so, we will keep Peter up here.
Yes, there is a few more. Pete, the next one is on scalability. Could SHAPE take on another AUD 800 million data center contract with its current bonding and working cap facilities?
The current bonding and working cap facilities, we don't just increase that to allow for what might be, whether we double the business or triple the business. We adjust that as required. We've adjusted the current bonding facilities to suit the current workload and backlog and pipeline. Or not pipeline. That's with additional facilities, and there's headroom with that, which Scott can talk to you more. As to whether we would take on another AUD 800 million, today, no. Over the next 12 months, potentially. We've scaled up and built a team. However, as I've said on many road shows, our ability to grow is mainly linked to our ability to hire, onboard, and retain good people. Again, we match people to workload, and we've scaled up for our current backlog, so future growth would be sustainable and commensurate with hiring.
Great. And you've slightly answered this, Pete, but repeatability, are you pursuing major DC contracts with other customers? Could SHAPE deliver these independently of Laing O'Rourke?
Yeah. As I mentioned earlier, SHAPE have a working relationship with Laing O'Rourke, but they have no contractual relationship with us, and they are assisting the client. We're finding them to be quite beneficial, being at the table with their prior experience with large projects. As far as the scalability side of things, yep, we're able to deliver more work in the data center. We are having several discussions. In saying that, first and foremost, we've picked up a large data center project in our New South Wales office, and our focus is on making sure that we set that job up for success, and start to deliver a track record. Over the next six months, we're going to have a strong focus on that project. However, we believe that in the future, data centers will continue to be an attractive part of pipeline.
Thanks, Pete. The final question we've received is, should investors expect the DigiCo project to achieve EBITDA margins at least comparable to SHAPE's existing business?
Yeah. We don't provide outlook other than through consensus. In saying that, typically the larger a project, the more pressure on a gross margin. In saying that, when the larger projects come along, you also get relief and efficiency through overhead. At an EBITDA line, we don't anticipate much change based on what we know now on current trading and market conditions.
Thank you, Mel, and thank you, Peter. Are there any more questions online and/or I will come back to the room if there are any further questions.
No questions online.
No. Any more from the room? If there are no further questions, I again thank you all for your attendance, support for SHAPE, and look forward to seeing you all again about this time next year. Thank you.