• Heritage tracing back to the late 1800s
• Vertically integrated manufacturer and distributor of timber, panels and building materials
• Proven track record of successful acquisitions and industry consolidation

Big River Industries Ltd, a heritage company tracing back to the late 1800s, is a vertically integrated manufacturer and distributor of timber, panels, and building materials. The company has a well-diversified supply chain, including international and local supply partners, as well as local manufacturing. With a national footprint across Australia and New Zealand, Big River serves a wide range of construction segments through its diverse product range. The company has a proven track record of successful acquisitions and industry consolidation, with an experienced and highly aligned leadership team. In the 2025 financial year, Big River reported a 2.3% year-over-year decline in revenue, reflecting challenging market conditions, but returned to year-over-year growth in the second half of the year. The company's underlying EBITDA declined 11.9% year-over-year, but returned to growth in the second half. Big River's construction division targeted cost control and operational improvements, while the panels division leveraged its expanded bespoke manufacturing capability and strong relationships with major suppliers. The company has outlined strategic priorities focused on customer-focused growth, cost-out initiatives, team and supplier improvements, and system and process enhancements. Big River is well-positioned to execute against a significant opportunity set in fragmented markets, with a strong financial profile, established footprint, diversified product mix, and sustainable competitive advantage.

Residential market activity remains soft in early FY26, but is expected to see a modest recovery through the year, supported by lower interest rates, sustained housing demand, and continued stimulus measures. Commercial market activity remains comparatively stable, with solid project pipelines heading into FY26. Queensland is expected to be the Group's fastest-growing market, with medium-term expectations also underpinned by investment related to the upcoming 2032 Brisbane Olympics. Key priorities for FY26 include growing market share in key differentiated segments, improving margins through pricing, mix, and supplier alignment, ongoing operational improvements, continued ERP rollout and integration of sales systems, and disciplined capital allocation to support selective growth.