• Momentum building as scale advantages emerge
• Profitable growth driven by Motorsports and Aerospace & Defence
• Operational capability to support global customer demand

PWR Holdings Ltd reported a strong set of financial results for the first half of fiscal year 2026. Revenue increased by 27.8% to $80.4 million, driven by strong growth in the Motorsports (up 40%) and Aerospace & Defence (up 30.9%) segments. NPAT grew by 38.6% to $5.7 million, reflecting the operating leverage in the business. The company continued to make progress on its strategic priorities, including the successful completion of the relocation to its new Australian factory, which provides expanded production capabilities, capacity, and compliance. In Aerospace & Defence, PWR saw a 31% revenue increase, driven by growth across Defence, Commercial Aerospace (including eVTOL), and the developing MRO market. The company also delivered 75% of a major US Government project in the first half, with a follow-on order secured. In Motorsports, revenue grew by 40%, reflecting increased motorsport series uptake of PWR's unique core constructions driven by improved packaging and aerodynamic advantage. The company's global operating model and focus on profitable growth are supporting its strategic priorities. The balance sheet remains strong, with modest net debt and disciplined capital allocation enabling continued investment in growth while maintaining conservative leverage and supporting shareholder returns.

PWR expects to deliver continued revenue and earnings growth in fiscal year 2026, driven by strong momentum in its Motorsports and Aerospace & Defence segments. The company is well-positioned to capitalize on the growing global Aerospace & Defence thermal management systems market, which is forecast to grow at a CAGR of 6.6% from 2024 to 2034.

PWR is focused on extending its global leadership position in thermal management solutions, leveraging its Motorsports innovation and expertise into the Aerospace & Defence market. The company's technology-agnostic approach, defence-grade quality systems, and vertically integrated global manufacturing capabilities provide a strong competitive advantage and position PWR to capitalize on the increasing demand for advanced cooling solutions in the Aerospace & Defence sector.