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Acrow
Acrow (ACF) investor relations material
Acrow H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary25 Feb, 2026
Executive summary
Revenue grew 23% year-over-year to $156.0m, driven by industrial access, now 62% of group revenue, with recent acquisitions fully integrated and performing ahead of expectations.
Industrial access revenue surged 54% to $96.8m, nearly tripling over two years, aided by acquisitions and organic growth.
Construction services revenue declined 7% to $59.1m, mainly due to weak Queensland market and project delays.
Screens and Jumpform divisions are national leaders, with order books at record levels and Screens revenue budgeted to grow 40% in FY26.
Major capital investment in Jumpform technology and proprietary product launches support long-term growth.
Financial highlights
EBITDA fell 3% to $38.0m, with margin down to 24.4% from 30.8%.
Underlying NPAT dropped 22% to $12.9m; reported NPAT down 30% to $6.6m.
EPS (underlying) fell 23% to 4.16c; interim dividend reduced to 2.0cps, fully franked.
Net debt increased to $151.5m from $123.3m, with net debt/EBITDA at 2.2x.
Gross profit margin declined to 50% from 56% year-over-year.
Outlook and guidance
FY26 revenue guidance is $315–325m (+21% YoY); EBITDA guidance is $80–84m (+2% YoY).
Q4 FY26 expected to deliver the largest quarterly EBITDA, with momentum into FY27.
Industrial access division targeted to reach $200m revenue, with aspirations to double in 2–3 years.
Queensland formwork revenue projected to rise 25% in H2 vs H1, with major project commencements.
Strategic positioning for major infrastructure opportunities, especially ahead of the 2032 Brisbane Olympics.
Organic growth drivers for industrial access
Jumpform/Screens CapEx strategy post-Cypress
Plan to reduce Net Debt to EBITDA ratio
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Next Acrow earnings date
H2 202625 Aug, 2026
Acrow
Next Acrow earnings date
H2 202625 Aug, 2026
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Frequently asked questions
Acrow Limited is an Australian company providing scaffolding, formwork, and construction services for infrastructure, commercial, residential, and industrial projects. The company offers a range of products, including scaffolding systems, formwork for concrete structures, and related access solutions, supporting safe and efficient construction operations. Acrow serves clients across Australia and works with contractors in sectors like infrastructure, mining, and property development. The company also provides engineering and project management support, tailoring solutions to meet specific project needs. The company is headquartered in Sydney, New South Wales, and its shares are listed on the ASX.
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