• Largest single equipment hire and Jumpform hire contract in Acrow's history
• $3.0m contract with Future Generation for Snowy 2.0 project
• Majority of $7.5m in new contracts to be recognized in FY25

Acrow Limited has secured a landmark $4.5 million contract with Meriton, through formwork contractor Formcom, for the hire of Jumpform and screens equipment, marking the largest single equipment hire and Jumpform hire agreement in the company's history. This milestone surpasses the previous record set by the Albert Street Jumpform contract. The project involves Tower 2 of Meriton's Cypress Palms development, a 76-storey residential apartment building and one of the tallest residences on the Gold Coast. Scheduled to commence in March 25, the contract is expected to recognize the majority of the revenue and profit contribution in FY25. Acrow has also secured a $3.0 million contract with Future Generation for the sale and supply of equipment to the Snowy 2.0 hydro-electric project in south-western New South Wales. Combined with previous labour and equipment hire agreements, Acrow is now generating approximately $20 million annually from its involvement in the federally funded Snowy 2.0 project. Revenue is expected to be recognized in the second half of FY25.

The majority of the $7.5 million in new contracts, including the $4.5 million Meriton contract and the $3.0 million Future Generation contract, are expected to be recognized in FY25.

Acrow is fast becoming the leading Jumpform contractor in the country, and the company believes strongly that its jacking systems process is the best technology available in the Australian market. Acrow looks forward to continuing to provide quality products and services to its valued clients as it supports these transformative projects.