• Secured record $14.3 million in new hire contracts for March
• Hire revenue pipeline at record $256.0 million, up 34% year-over-year
• FY26 revenue and EBITDA guidance confirmed
• Initial FY27 guidance of $335-$350 million revenue and $88-$98 million EBITDA

Acrow Limited (ASX: ACF) has announced that it is experiencing improving activity levels across Australia, supporting the FY26 revenue and EBITDA guidance provided earlier. During March, the company secured new hire contracts totalling $14.3 million, representing the highest monthly value of contract wins in the company's history. The improving activity levels have also driven a materially stronger sales pipeline, which stood at $256.0 million as at the end of March, up 34% year-over-year and another record level. These results establish a strong trajectory for revenue and profitability going into Q4 FY26 and FY27, with Q4 to be the strongest quarter for the year. As a result, the company is confirming FY26 revenue and EBITDA guidance. From a forward-looking perspective, the strength of these results is expected to generate significant momentum into the start of FY27, supported by a confirmed forward order book in the Industrial Access division and a significant uplift now evident within the formwork markets, particularly in Queensland. Collectively, these factors have provided the Board with the confidence to issue early FY27 guidance, with revenue expected to be in the range of $335 million to $350 million and EBITDA in the range of $88 million to $98 million.

FY27 revenue guidance of $335 million to $350 million and EBITDA guidance of $88 million to $98 million.

The strength of Acrow's recent results is expected to generate significant momentum into the start of FY27, supported by a confirmed forward order book and a significant uplift in the formwork markets, particularly in Queensland.