• Diversified group with leading businesses in engineering, construction, and operations
• Disciplined growth strategy through value-accretive M&A, expanding capabilities and markets
• Acquisition of Fredon Industries strengthens position in future-focused markets

NRW Holdings, a leading ASX-listed company based in Perth, Western Australia, has reported its FY25 financial results, showcasing a proven history of growth and returns. The company's diversified group comprises market-leading businesses that specialize in delivering world-class engineering, manufacturing, construction, operations, and maintenance services across multiple industry segments, including resources, infrastructure, and government.Through disciplined cash management and strategic capital allocation, NRW has unlocked new avenues for growth, expanding its footprint into diverse geographies and building advanced capabilities across its group. This approach has positioned the company to capitalize on future-focused markets.The recent acquisition of Fredon Industries, a leading Australian services provider of electrical and mechanical (HVAC) services, has further strengthened NRW's capabilities in areas driven by the energy transition and digital innovation. Fredon's broad technical expertise covers design, installation, maintenance, and turnkey solutions, supporting industry leaders and complex projects across Australia and New Zealand.NRW's FY25 financial results, excluding the Fredon acquisition, were strong, with revenue of $3.3B and underlying EBITA of $207.9M. The company's diversified revenue streams, spanning civil, mining, MET, and EMIT segments, underpinned stable and reliable earnings. Looking ahead, the company's outlook remains strong, with a robust pipeline of $20.9B and $7.1B in work in hand, of which $3.9B is already secured for FY26.

FY26 revenue is expected to be ~$4.1B, and FY26 underlying EBITA is expected to be between $260M to $265M.

The outlook remains strong for the enlarged group, with a total pipeline of $20.9B and $7.1B in work in hand, of which $3.9B is already secured for FY26. The company expects positive news flow in the near term from its current active tenders of ~$7.0B.