Stefanutti stocks shows recovery with over $960 million order book

South Africa’s construction leader, Stefanutti Stocks Holdings, is showing clear signs of recovery, with its order book rising to R15.3 billion ($960.52 million), up from R13.2 billion ($828.73 million) in August 2025. 

The company, in a voluntary market update, said it has also reduced debt from R850 million ($53.29 million) to R250 million (415.67 million), cutting interest costs by 70 percent. 

Stefanutti stocks order book growth
With secured projects covering its 2026 fiscal year to 2028 and a robust pipeline of potential awards totaling R156.5 billion ($9.81 billion), Stefanutti Stocks is strategically positioned to capitalize on South Africa’s infrastructure growth, signaling renewed confidence for investors and stronger long-term operational performance.

The construction group’s order book has grown to R15.3 billion ($959.24 million), up from R13.2 billion ($827.58 million) reported in its interim results for the six months ended August 31, 2025.

The updated figures underscore improving project flow at a time when South Africa’s construction sector continues to navigate cost pressures and constrained public infrastructure spending.

Debt reduction boosts financial flexibility
A closer look at the secured pipeline reveals R1.4 billion ($87.77 million) allocated for its fiscal year 2026, R8 billion ($501.49 million) for FY2027, and R5.9 billion ($369.85 million) extending into FY2028 and beyond. This forward visibility provides multi-year revenue cover and positions the group for steadier cash flow generation.

Beyond secured contracts, Stefanutti Stocks has identified R12.5 billion ($784.37 million) in short-term potential awards and a further R144 billion ($9.04 billion) in longer-term prospects, indicating a robust bidding pipeline across infrastructure, energy, and industrial segments.

While these figures do not guarantee conversion into revenue, they signal strong market participation and strategic positioning in future projects.

Multi-year project pipeline secured
Equally significant is the group’s progress in deleveraging. As previously disclosed, its outstanding facility with Standard Bank has been reduced from an initial R850 million ($53.29 million) to R250 million (415.67 million) by January 2026.

This substantial repayment is expected to cut annual interest charges related to the facility by approximately 70 percent for FY2027, easing pressure on earnings and improving financial flexibility.

Investor confidence strengthened in construction
The JSE-listed multi-disciplinary construction group Stefanutti Stocks, established in 1945, has evolved into one of South Africa’s leading construction companies with operations in South Africa, sub-Saharan Africa, and the United Arab Emirates.

With a strengthened order book, disciplined debt reduction, and a sizeable opportunity pipeline, Stefanutti Stocks appears to be positioning itself for a gradual operational recovery.

For investors tracking South Africa’s infrastructure cycle, the group’s latest figures suggest cautious optimism as it works to convert prospects into sustainable growth and rebuild long-term shareholder value.