The NRW Holdings Ltd (ASX: NWH) share price is in focus after the company announced record full-year earnings and outlined a strong outlook. Revenue jumped 31.4% to $4.3 billion while underlying EBITA soared nearly 39% to $288.6 million.
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What did NRW Holdings report?
- Revenue rose 31.4% to $4.3 billion (FY25: $3.3 billion)
- Underlying EBITA climbed 38.8% to $288.6 million
- Underlying NPAT up 43.6% to $182.7 million
- Fully franked final dividend of 14.5 cents per share, up 53%
- Underlying EBITA margin increased to 6.7% from 6.4%
- Fredon acquisition added new earnings pillar EMIT
What else do investors need to know?
NRW's impressive result reflects growth across all divisions as well as a nine-month contribution from acquired company Fredon. This acquisition formed the company's fourth operating segment, EMIT, increasing exposure to promising sectors like health, defence and data centres.
Mining produced stronger profits after improved productivity and reduced weather impacts in Queensland. Meanwhile, the civil segment kept steady margins despite softer resource construction demand in some regions.
The company finished the year with $7.5 billion in secured revenue and a future work pipeline worth $29.1 billion, including $11.1 billion in active tenders. Refinancing of bank facilities in July 2026 has further strengthened NRW's balance sheet.
What's next for NRW Holdings?
Looking ahead, NRW expects revenue of $4.6 billion–$4.8 billion and underlying EBITA of $320–$330 million in FY27, with around 85% of revenue already secured. The business will continue targeting growth across resources, energy transition, defence, infrastructure and data centre markets.
Thanks to a wider set of operating segments and a robust balance sheet, NRW aims to pursue further acquisitions and maintain disciplined capital allocation, supporting its competitive edge in attractive long-term sectors.
NRW Holdings share price snapshot
Over the past 12 months, NRW shares have risen 104%, significantly outperforming the All Ordinaries Index (ASX: XAO).
