• Group revenue up 23% to $156.0m, driven by strong industrial access division
• Underlying EBITDA decreased 3% to $38.0m due to lower margins in industrial access
• Underlying NPAT decreased 22% to $12.9m

Acrow Limited reported its financial results for the half year ended 31 December 2025. The company operates in both the Australian construction services industry and the Australian industrial access industry. Group revenue increased 23% to $156.0m, with the industrial access division growing 54% to $96.8m, offsetting a 7% decline in the construction services division to $59.1m. Gross profit increased 10% to $78.0m, driven by the industrial access division, but the group's gross margin percentage decreased 6 percentage points to 50% due to the higher mix of industrial access revenue. Underlying EBITDA decreased 3% to $38.0m, and underlying NPAT decreased 22% to $12.9m. The company cited delays in projects, higher capital expenditure, and increased costs associated with acquisitions as the key drivers of the lower profitability. The group continues to focus on expanding its industrial access division and positioning its construction services division for major infrastructure and development projects. The company paid a fully franked interim dividend of 2.00 cents per share, to be paid on 29 May 2026.