NRW Full Year Results - ASX Release

• Record revenue of $4.3 billion, up 31.4%
• Underlying EBITA increased by 38.8% to $288.6 million
• Acquisition of Fredon establishes EMIT as NRW's fourth operating segment

NRW Holdings Ltd (ASX: NWH) announced its financial results for the year ended 30 June 2026, delivering record revenue and earnings growth. Revenue increased by 31.4% to $4.3 billion, driven by strong momentum across all sectors and a nine-month contribution from Fredon. The Group delivered underlying EBITA of $288.6 million, an increase of 38.8% on FY25, with improved profitability achieved across all operating segments. The acquisition of Fredon established the Electrical, Mechanical, Infrastructure and Technology & Maintenance (EMIT) segment as NRW's fourth operating pillar, contributing revenue of $684.3 million and underlying EBITA of $36.1 million. The Group also declared a final fully franked dividend of 14.5 cents per share, up 53% on FY25. For FY27, NRW expects revenue in the range of $4.6 billion - $4.8 billion and underlying EBITA between $320.0 million - $330.0 million.

FY27: Revenue expected to be $4.6 billion - $4.8 billion; Underlying EBITA $320.0 million - $330.0 million

NRW enters FY27 with significant momentum, confidence in the outlook, and a strong balance sheet, supported by a diversified order book and exposure to attractive growth markets.