• Highly complementary industrial services acquisitions, materially enhancing Acrow's Industrial Access division
• Acquisitions expected to contribute FY26 revenue of ~$40m and EBITDA of at least $6m
• Acquisitions to be funded through expanded Westpac debt facility, immediately earnings accretive

Acrow Limited (ASX: ACF) has entered into binding arrangements to acquire 100% of the issued shares in Brand Energy and Infrastructure Services Australia Pty Ltd ('Brand Australia') and Above Scaffolding Pty Ltd ('Above Scaffolding') for a total upfront consideration of $23 million, plus a potential earn-out of up to $6 million for Above Scaffolding. Both businesses are well-regarded in their respective markets and are strong standalone businesses offering potentially significant revenue and cost reduction synergies once integrated into the existing Acrow business. The acquisitions are consistent with Acrow's investment criteria and acquisition strategy, delivering a highly complementary blue-chip customer base and service offerings, primarily across the New South Wales Hunter Valley region and the greater Sydney basin. Before synergies, the acquisitions are expected to generate FY26 revenue of approximately $40 million and normalised pre-AASB 16 EBITDA of at least $7 million. The acquisitions will be funded utilising the existing Westpac debt facility and are expected to be immediately earnings accretive. Acrow has also provided a guidance update for the financial year ended 30 June 2025 (FY25), reflecting ongoing delays in the commencements of secured contracts across key market segments in both the public and private sectors. While the pipeline of opportunities remains strong, the timing of project starts is unpredictable, impacting short-term visibility and activity levels.

FY25 guidance: Sales $260.0m - $270.0m, EBITDA $80.0m - $83.0m, NPAT $32.5m - $35.0m, EPS 10.5 - 11.5 cps