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PWR (PWH) investor relations material
PWR AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
The 12th AGM opened with a quorum at global headquarters; the agenda covered Chair and CEO addresses, shareholder questions, formal resolutions and general business.
The webcast recording was to be posted online after the meeting.
Financial performance review
FY26 revenue rose 31.2% to $170.7m; statutory NPAT increased 83.2% to $17.9m, with NPAT margin up 3.0pps to 10.5%.
EBITDA rose 60% to $41m; cash conversion was 104.9%, free cash flow $11m and year-end net debt $5.6m, with ~5% gearing.
Motorsports revenue rose 45.4% to $101.9m and Aerospace & Defence rose 30.8% to $35.2m; OEM and Aftermarket revenue declined 7.0% and 2.7%, respectively.
FY26 R&D investment was $14.9m versus $12.7m in FY25; Australian-manufactured product revenue exceeded $100m, with record local output in the U.K. and U.S.
FY27 order book exceeded $82m; record FY26 growth and margin improvement reflected higher volumes and operating leverage.
Board and executive committee updates
Sharyn Williams became MD and CEO in April after a global search; Matthew Bryson joined the Board as Executive Director on 1 July after serving as acting CEO.
Susan Forrester AM joined as an Independent Non-Executive Director and People and Culture Committee Chair; she and Bryson stood for election.
Kym Osley AM, CSC and Amanda Holt stood for re-election as non-executive directors.
The workforce exceeded 700, with almost 20% female and 33 apprentices; a first internally managed apprenticeship intake launched. The operating model added a General Manager Technical Services and heads for each automotive stream.
- Record revenue, profit, and margin growth with strong outlook and European expansion.PWH
H2 2026 - Revenue and profit surged on Motorsports and A&D growth, with capacity expansion completed.PWH
H1 2026 - Leadership transition, new HQ, and strategic focus drive growth despite revenue dip.PWH
AGM 2025 - Revenue and profit fell, but strong cash flow and order book support FY26 growth.PWH
H2 2025 - Lower FY25 results expected, but strong H2 and long-term growth in A&D and motorsports anticipated.PWH
Guidance - Revenue up 17.8%, NPAT up 14%, with aerospace and defense doubling and major investments ahead.PWH
H2 2024 - H1 FY25 profit dropped 58% as revenue slipped and investments in A&D and facilities accelerated.PWH
H1 2025
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