2023 South Australian Business Index

SANTOS REVEALED AS NUMBER ONE IN INDAILY'S BUSINESS INDEX 

Santos has again topped the list of InDaily’s South Australian Business Index, an annual review  of the top private and public companies in the state. 

In its ninth year, InDaily’s independent ranking of the state’s top 100 companies by market  capitalisation and revenue covers the 2022-2023 financial year. 

Compiled for InDaily by Adelaide leading financial services group Taylor Collison, the Index is  essentially a guide to conducting business in South Australia and uncovers important industry  and employment trends. 

Rounding out the top three were Argo Investments in second, and Peregrine in third.  

As well as ranking number one on the list, Santos was one of four award recipients, taking out  the Standout Large Employer, with a team of 3790 staff members. 

Other award recipients were Chrysos Limited for Revenue Growth, which reported an +89%  growth on FY22. 

Rising Star was awarded to mining company Hillgrove Resources, and Best New Entrant was  given to space company Fleet Space Technologies which aims to connect Earth, Moon and  Mars. 

Winners were announced at an awards lunch at the Adelaide Convention Centre today, October  20, where business leaders learned how the make-up of the Index has changed over the last 12  months and what that indicates about the economic future. 

“It’s been really great to see this year a number of the private businesses are continuing to  stand up. We’ve got 11 of the top 20 that are actually private companies, a number of them  founded and still family-owned in SA. What’s really pleasing to see is the resilience of the South  Australian economy as well,” Taylor Collison Head of Corporate Access, Campbell Rawson said. 

“Oil and gas dominate and make up 42 per cent of the index and 36 per cent is actually just  Santos alone. Construction and engineering have been very strong yet again and there’s a lot of  demand for warehousing space as we see a number of industrial projects go up,” he concluded. 

Awards winners are: 

Revenue Growth, sponsored by Taylor Collison 

Presented to the company with the largest revenue growth on the list 

Winner: Chrysos Limited. 

Standout Large Employer, sponsored by ANZ 

Recognising one of the state’s largest employers 

Winner: Santos. 

Rising Star, sponsored by Business SA 

Presented to the company who has risen highest on the list 

Winner: Hillgrove Resources.

Best New Entrant, sponsored by HLB Mann Judd 

Presented to the highest ranking new entrant this year. 

Winner: Fleet Space Technologies. 

Top 10 ranked companies: 

1. Santos, industry: oil and gas | 2022 ranking: 1 
2. Argo Investments, industry: financial services | 2022 ranking: 3 
3. Peregrine, industry: FMCG | 2022 ranking: 5 
4. Beach Energy, industry: oil and gas | 2022 ranking: 4 
5. Thomas Foods, industry: FMCG | revenue: $3.1b | 2022 ranking: 9 
6. Kelsian Group, industry: transport & logistics | 2022 ranking: 14 
7. Flinders Port, industry: infrastructure | 2022 ranking: 8 
8. Adelaide Airport, industry: infrastructure | 2022 ranking: 11 
9. Discovery Parks, industry: tourism | 2022 ranking: 12 
10. Adbri, industry: civil & construction | 2022 ranking: 13 

For the full list of winners, visit: https://indaily.com.au/tag/sa-business-index/

About Solstice Media 

Established in 2004, Solstice Media is a unique South Australian-based national company  working on innovative Australian publishing projects, first producing a weekly newspaper, The  Independent Weekly. In 2010 this morphed into the award-winning daily digital news service,  InDaily, which is the company’s flagship publication. 

Now, with a team of over 100 staff operating over three offices, Solstice Media produces  multiple publications across the country, including The New Daily, produced from Melbourne. InQueensland and The Weekend Edition are serving the Queensland market with  breaking news, business, political and lifestyle journalism. They also produce SALIFE; a  monthly magazine as well as related publications SALIFE Gardens & Outdoor Living, SALIFE Food+Wine+Travel and SALIFE Homes & Interiors, and CityMag; the voice of the city and its  youth, showcasing the city’s transformation. In February 2021, InDaily also launched InReview,  SA’s new home for arts journalism and criticism. 

Solstice Media also runs a successful events program including The South Australian Business Index, 40 Under 40 in South Australia and Queensland, Regional Showcase, and The SALIFE  Absolute Best Awards to put a spotlight on achievement and inspiration.