• Group sales declined ~4.9% but remained in line with Q4 FY25 run-rate
• Residential activity subdued in NZ, NSW and VIC, but QLD and WA continue to perform strongly
• Commercial segment affected by heavy East Coast rainfall, but project pipeline remains solid
• Growth continues in higher-margin differentiated products

Big River Industries Limited (ASX:BRI) has released a company presentation and trading update. For the year-to-date period ended 30th September 2025, the group's sales declined approximately 4.9% compared to the prior corresponding period, but remained broadly in line with the Q4 FY25 run-rate, reflecting a stabilising revenue trend. Gross margin levels have remained resilient, and the company has sustained positive cost discipline, building on the solid performance from FY25. Residential activity in New Zealand, New South Wales and Victoria remains subdued, while Queensland and Western Australia continue to perform strongly, and South Australia is showing steady demand despite site delays. The commercial segment was affected by heavy East Coast rainfall in August, though the underlying project pipeline remains solid. The company continues to see growth in differentiated, higher-margin categories, including bespoke panels and lightweight cladding. Looking ahead, the residential market is expected to remain soft through early FY26, with a modest recovery expected later in the year as interest rates continue to ease and housing demand strengthens. Commercial activity is expected to remain steady, underpinned by strong project pipelines across key regions. Queensland is leading performance, supported by resilient trade demand and a solid commercial pipeline, while Western Australia and South Australia remain stable, Victoria shows early improvement, and New South Wales remains subdued. The company will continue to focus on growing market share in key differentiated segments, improving margins through pricing, mix and supplier alignment, driving operational improvements across the network, maintaining disciplined capital allocation to support selective growth, exploring opportunities for targeted, value-accretive acquisitions, and delivering sustainable growth for shareholders.

The company did not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.

The residential market is expected to remain soft through early FY26, with a modest recovery expected later in the year as interest rates continue to ease and housing demand strengthens. Commercial activity is expected to remain steady, underpinned by strong project pipelines across key regions. The company will continue to focus on growing market share in key differentiated segments, improving margins, driving operational improvements, maintaining disciplined capital allocation, exploring value-accretive acquisitions, and delivering sustainable growth for shareholders.