FOS Capital lands $2.5 million Queensland schools lighting deal
FOS Capital (ASX: FOS), through its wholly owned subsidiary FOS Lighting Pty Ltd, has commenced receiving orders under the Queensland Schools Lighting Upgrade Program. The program is expected to involve more than 100 schools and generate $2.5 million in FOS sales over its life.
Orders are being placed progressively on a school-by-school basis through the company’s electrical wholesaler customers. The current program stage is expected to be completed over the next 6-9 months.
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What the program delivers and how orders flow
The deal does not arrive as a single lump sum. Instead, orders flow through incrementally as individual schools are actioned. The mechanics are as follows:
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Orders are placed progressively on a school-by-school basis
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Orders are routed through FOS’s electrical wholesaler customers
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The current program is expected to be completed over the next 6-9 months
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This represents the next stage of the Queensland Government lighting upgrade initiative
For investors, the staggered structure points to a steady near-term revenue contributor spread across the coming months, rather than a single one-off spike.
A 30-year track record with Queensland schools
FOS is not entering an unfamiliar market. Through its Frend Lighting business, the company has been supplying lighting solutions to Queensland schools for more than 30 years.
This program is an extension of that long-standing supply relationship rather than a speculative new venture. That decades-long pedigree provides a degree of execution familiarity for a supply arrangement of this nature.
Order book strength: approximately $10 million secured
The company reported that the Group’s total secured order book currently stands at approximately $10 million. This figure includes $0.5 million of Queensland Schools Lighting Upgrade Program orders already secured.
The $10 million order book figure itself reflects a series of recent wins across different sectors, with the Monash Medical Clinic Tower contract contributing $1 million after FOS Lighting secured that healthcare project ahead of FY27 delivery.
It is important to distinguish the two figures. The $0.5 million is confirmed within the secured order book, while the remaining balance of the $2.5 million total program value is expected but not yet secured, as orders continue to arrive progressively.
| Metric | Figure | Detail |
|---|---|---|
| Total program value | $2.5M | Over life of program, 100+ schools |
| Program orders secured to date | $0.5M | Included in order book |
| Total secured order book | ~$10M | Group-wide |
| Expected completion | 6-9 months | Current program stage |
All dollar values quoted exclude GST.
Why this matters for FOS investors
For newer investors, government-backed infrastructure and upgrade programs typically offer visible, contracted revenue that can support earnings predictability. This differs from more speculative sales pipelines because the underlying demand is tied to a defined public initiative.
In the context of the investment case, the approximately $10 million secured order book provides a measure of forward revenue visibility. The schools program adds a defined near-term contributor as orders arrive over the coming 6-9 months.
What comes next
The current program stage is expected to complete over the next 6-9 months. Orders will continue to arrive progressively as individual schools are actioned through FOS’s electrical wholesaler customers.
The announcement was authorised for release to the ASX by the FOS Capital Limited Board of Directors.
Ready to Learn More About FOS Capital’s Queensland Schools Lighting Program?
FOS Capital’s $2.5 million Queensland Schools Lighting Upgrade Program adds a steady, government-backed revenue stream to an already robust ~$10 million secured order book. With more than 30 years supplying lighting solutions to Queensland schools, the company brings proven execution experience to this next stage of the public initiative.
Investors seeking a deeper understanding of FOS Capital’s project pipeline and growth prospects can explore the full investment case at the FOS Capital investor centre, where further details on the company’s secured contracts and strategy are available.