• Record sales revenue, up to $265.1m, up 23% on PCP
• EBITDA (underlying) of $80.2m up 8% on PCP
• Industrial Access division delivering recurring revenue from long standing client relationships - represented 50% of group revenue

Acrow Limited (ASX: ACF) reported its FY25 financial results, with record sales revenue of $265.1 million, up 23% on the prior corresponding period (PCP). Underlying EBITDA grew 8% to $80.2 million, while underlying NPAT increased 4% to $34.3 million. The Industrial Access division was a key driver of growth, with revenue increasing 83% and now representing 50% of group revenue, up from 33% in the PCP. This growth was supported by a full year's contribution from recent acquisitions and strong organic growth. The Formwork and Commercial Scaffold divisions reported declines in revenue, but the company was still able to deliver strong overall performance. Acrow made strategic investments during the year, including in Jumpform, Screens, and industrial access equipment, to position the business for future growth. Looking ahead, the company expects the Industrial Access division to continue growing, with the recently acquired businesses providing cross-selling and expansion opportunities. The Screens and Jumpforms businesses are also expected to expand their national presence. While the general formwork business is anticipated to remain soft in the near-term, Acrow is confident in its ability to capitalize on the significant opportunities arising from major infrastructure and development projects, particularly in Queensland ahead of the 2032 Olympics.

The company expects the Industrial Access division to continue growing, with revenues approaching $200m for FY26 and contributing a larger proportion of group revenue. The recently acquired industrial access businesses are expected to provide significant cross-selling and growth opportunities, such as in the Defence sector. The Screens and Jumpforms businesses are expected to continue expanding their national presence, with particularly strong growth anticipated in Western Australia.

Acrow's key drivers of growth remain unchanged, with the Industrial Access division, Jumpform, Screens, and cross-sell opportunities expected to drive future growth. The company also plans to take advantage of industry tailwinds, such as the significant uplift in activity expected in Queensland ahead of the 2032 Olympics, as well as continue its focus on organic growth and new product development.