FY26 Half Year Results

• Record sales revenue of $155.9m, up 23% on PCP
• EBITDA (underlying) of $38.0m down 3% on PCP
• NPAT (underlying) of $12.9m down 22% on PCP
• FY26 guidance for 22% revenue growth and 2% EBITDA growth on PCP

Acrow Limited (ASX: ACF) has reported its financial results for the six months ended 31 December 2025 (1H FY26). Key highlights include: record sales revenue of $155.9m, up 23% on the prior corresponding period (PCP); EBITDA (underlying) of $38.0m, down 3% on PCP; EBIT (underlying) of $23.3m, down 15% on PCP; NPAT (underlying) of $12.9m, down 22% on PCP; and EPS (underlying) down 23% on PCP to 4.16 cps. The Industrial Access division delivered a strong performance, with revenue increasing by 54% and contributing 62% of group revenue. The Construction Services division reported a 7% decline in revenue, primarily reflecting continued subdued trading conditions in the Queensland market. The company has entered the period with an unprecedented forward order book across both the Jumpform and Screens businesses, leading to accelerated capital expenditure of $25.5m in 1H FY26. Looking ahead, Acrow is well-positioned to capitalize on the significant uplift in activity anticipated across Queensland, driven by Olympics-related projects and substantial statewide infrastructure projects. The company provides FY26 guidance for 22% revenue growth and 2% EBITDA growth on PCP.

Acrow provides the following guidance for FY26: Sales $315 - 325m (+21% on PCP), EBITDA $80 - 84m (+2% on PCP).

Acrow sees meaningful growth opportunities across all markets in which it operates, spanning both the Industrial and Construction sectors. The short to medium term outlook presents a compelling opportunity for the business, driven by Olympics-related projects, substantial statewide infrastructure projects, and increased commercial and government funded activity.