Acrow (ACF) AGM 2024 summary

Opening remarks and agenda

• CEO Steven Boland led the AGM, presenting at the Cross River Rail, Brisbane, on 12 November 2024.

Financial performance review

• FY24 revenue rose 28% to $215.3m, EBITDA up 40% to $74.6m, and NPAT at $25.6m, impacted by full tax status.

• EPS at 11.5c, DPS increased 33% to 5.9c; strong multi-year growth in revenue, EBITDA, and dividends per share.

• Record secured hire contracts up 17% YoY, pipeline up 33% YoY, with $33.8m in contracts won Jul–Oct 2024.

• Debt facility expanded by $56m, providing $75m headroom for acquisitions and operational flexibility.

Board and executive committee updates

• Presentation and guidance approved by the Board of Directors; CEO and CFO available for investor queries.