• Revenue increased 19.5% to $1,974.2 million
• Underlying EBITA grew 36.4% to $132.3 million
• Underlying NPAT increased to $83.1 million

NRW Holdings Limited reported a strong financial performance in the first half of FY26, with revenue increasing 19.5% to $1,974.2 million compared to the prior comparative period. This growth was underpinned by robust performance in the Civil and MET segments, driven by strong delivery of key resource projects, as well as the first three months of revenue contribution from the recently acquired Fredon business. The strong growth in activity across the Group resulted in an underlying EBITA of $132.3 million, 36.4% higher than the prior comparative period, representing a 6.7% underlying EBITA margin. This strong performance was attributed to the Mining and MET segments, with the Mining segment delivering a significant improvement in EBITA margins to 9.0%. Underlying Net Profit after Tax (Underlying NPAT) increased to $83.1 million, compared to $58.4 million in the prior comparative period. The Civil segment specialises in the delivery of private and public civil infrastructure projects, mine development, bulk earthworks and commercial and residential subdivisions, and saw revenue increase by 6.3% on the prior comparative period. The Mining segment, which specialises in mine management, contract mining, load and haul, drill and blast, coal handling preparation plants, maintenance services and the fabrication of water and service vehicles, delivered a substantially stronger underlying EBITA margin of 9.0% in the first half of FY26, compared to 7.9% in the prior comparative period, supported by favourable weather conditions in Queensland.

NRW expects to deliver strong financial performance in FY26, with revenue, underlying EBITA and underlying NPAT all expected to increase compared to the prior financial year.

NRW remains focused on maintaining safe, inclusive and supportive workplaces, while continuing to build workforce capability to meet future operational and strategic requirements. The Group is also progressing its Sustainability Strategy, with a focus on strengthening Environmental, Social and Governance (ESG) maturity.