Big River Industries (BRI) H2 2026 earnings summary

Executive summary

• Revenue grew 5.3% year-over-year to AUD 426.4 million, driven by resilient trading and the acquisition of Johns Building Supplies, with operations across 25 sites in Australia and New Zealand.

• Underlying EBITDA increased 8.4% to AUD 31.1 million, with margin expansion to 7.3% and strong cash conversion of 101.5%.

• Net profit after tax rebounded to AUD 4.9 million from a prior year loss, and underlying NPAT rose 20.5% to AUD 5.2 million.

• Gross profit margin improved 30 bps to 26.5%, supported by pricing discipline and product mix.

• Strategic focus on higher-margin, differentiated products and disciplined acquisitions, notably Johns Building Supplies.

Financial highlights

• Group revenue increased 5.3% year-over-year to AUD 426.4 million; like-for-like revenue down ~1%.

• Gross profit rose 6.5% to AUD 113.1 million; gross margin improved 30 bps to 26.5%.

• Underlying EBITDA up 8.4% to AUD 31.1 million; EBITDA margin improved to 7.3%.

• NPAT before significant items increased 20.5% to AUD 5.2 million; reported NPAT AUD 4.9 million (vs. prior year statutory loss).

• Cash conversion at 101.5%; net working capital to revenue improved to 15.9%; gearing reduced to 17.9% from 20.1%.

• Fully franked final dividend of AUD 0.02 per share; total FY26 dividend AUD 0.04 per share; payout ratio 76.9%.

Outlook and guidance

• Double-digit EBITDA growth expected in FY27, driven by full-year JBS contribution and growth in higher-value categories.

• Residential market conditions expected to remain subdued and variable; commercial and infrastructure segments to be more resilient.

• Focus remains on execution, cost discipline, margin improvement, and targeted investment in differentiated products.

• Ongoing exploration of value-accretive acquisition opportunities.