• Solid financial performance with 4% increase in underlying net profit to $34.3m
• Diversified business model with industrial access now 50% of revenue
• Accelerated capital program to support future growth opportunities
• Continued investment in people, skills and systems

Acrow Limited (ASX: ACF) reported a solid financial performance in FY25, with underlying net profit rising 4% to $34.3 million. The company's diversified business model, with industrial access now representing 50% of the group's revenue, continues to underpin growth and provide a more balanced and resilient earnings base. Acrow completed the acquisitions of Brand Australia and Above Scaffolding during the year, strengthening its presence in the utilities, energy and infrastructure sectors. The company's Jumpform and screen hire businesses also performed strongly, with Jumpform wins delivering additional screens work. While the formwork business experienced some project delays, particularly in Queensland, the pipeline of new work remains at record levels, underpinned by major infrastructure projects. Acrow continued to invest in its people, skills and systems, including partnerships with universities to attract engineering talent and the development of its enterprise resource planning project, which will deliver greater scalability, efficiency and alignment across the business. The company enters FY26 with solid foundations and a record pipeline of opportunities across both formwork and industrial access, positioning it well for continued success as the Australian Government commits to over $126 billion in major national infrastructure projects over the next five years.

Acrow expects capital expenditure in FY26 to moderate to approximately $27.0 million, strengthening cash generation and enhancing financial flexibility.

With the Australian Government committed to more than $126 billion in major national infrastructure projects over the next five years, and recurring revenues from industrial access continuing to grow, Acrow is well positioned for continued success.