Nrw Holdings Limited · ASX:NWH
Nrw — FY2025 Earnings Presentation
22 slides from Nrw's earnings presentation, Aug 21, 2025
Slide 1: FY25 Full-Year Results
NRW Holdings FY25 Full-Year Results NRW HOLDINGS | FY25 FULL YEAR RESULTS
Slide 2: Full-Year Financial Results
Full-Year Financial Results $3.3B $207.9M Revenue Underlying EBITA* $265.7M 27.9cps Cash Holdings Underlying Earnings per Share $6.1B 9.5cps Strong Order Fully Franked Book Final Dividend *Earnings before interest, taxes, and amortisation of acquisition intangibles and non-underlying transactions NR
Slide 3: FY25 Full-Year Results Financial Overview
FY25 Full-Year Results Financial Overview • Revenue $3.27 billion, up 12.2% on FY24. • Underlying EBITDA $391.0 million, up 16.8% on FY24. • Underlying EBITA $207.9 million, up 6.6% on FY24. • Cash holdings of $265.7 million, 82.9% cash conversion. • Underlying earnings per share 27.9 cps. • Strong
Slide 4: Sustainability Overview
Sustainability Overview 5.92 In FY25, we: • Grew our workforce to circa 9,000 reflecting growth and the HSE acquisition. TRIFR (FY24: 4.86) • Strengthened our commitment to Psychosocial Safety through structured education and progress on risk reduction strategies • Partnered with Supply Nation to fu
Slide 5: Financial Results
Financial Results NRW HOLDINGS | FY25 FULL YEAR RESULTS 5
Slide 6: FY25 Profit & Loss
FY25 Profit & Loss FY25 FY24 Movement $M $M Revenue 3,267.7 2,913.0 12.2% Underlying EBITDA 391.0 334.8 16.8% Underlying EBITA 207.9 195.1 6.6% Amortisation of acquisition intangibles (7.5) (5.9) 28.1% Non-underlying transactions (142.1) (28.1) 405.5% Statutory EBIT 58.3 161.1 63.8% Interest (26.2)
Slide 7: Non-Underlying Transactions
Non-Underlying Transactions FY25 FY24 $M $M Non-Underlying Transactions • Impairment of OneSteel $110.5M, Impairment of trade receivables and contract assets (131.5) - Strandline $6.0M and other allowances Strandline bond release payment (7.3) - recognised. Excludes movement in Expected Credit Loss
Slide 8: Summary Cash Flow
Summary Cash Flow FY25 FY24 Movement $M $M Operating cash flows (before interest and tax) 310.5 280.7 10.6% • Cash holdings $265.7 million with cash conversion at 82.9%. (1) Operating cash conversion 82.9% 83.7% 1.1% • Net interest paid increased due to the Net interest paid (26.2) (18.3) 43.1% HSE
Slide 9: Balance Sheet
Balance Sheet FY25 FY24 $M $M • Financial debt has increased due to new Cash 265.7 246.6 asset financing used for funding of the Financial debt (364.2) (279.8) HSE acquisition together with the draw down of the corporate revolving credit Lease debt (46.9) (45.7) facility to support the acquisition a
Slide 10: Debt & Available Liquidity
Debt & Available Liquidity Liquidity and Capital Management Group Debt FY25 FY24 $M $M Corporate Debt Facility (99.3) (49.8) Borrowing Facilities Drawn Undrawn Total Asset finance debt (264.9) (230.0) $M $M $M Lease debt (46.9) (45.7) Corporate Debt 100.5 329.5 430.0 Total borrowing and lease liabil
Slide 11: Segment Performance
Segment Performance NRW HOLDINGS | FY25 FULL YEAR RESULTS 11
Slide 12: Segment Financial Overview
Segment Financial Overview Revenue Underlying EBITA Civil $823.7M $44.2M ^ 25.7% ^ 48.3% Revenue Underlying EBITA Mining $1,541.2M $121.0M ^ ^ 1.1% 15.7% Revenue Underlying EBITA MET $932.0M $68.3M ^ 17.7% ^ 50.0% NRW HOLDINGS | FY25 FULL YEAR RESULTS 12
Slide 13: Civil
Civil NRW HOLDINGS | FY25 FULL YEAR RESULTS 13
Slide 14: Civil
Civil • Revenue increased by 25.7% at an improved margin due to a higher activity across the resources sector in the key Pilbara and Bowen Basin regions and the strong FY25 FY24 performance of the Urban business in Queensland. Revenue ($M) 823.7 655.5 • Successfully completed several major projects
Slide 15: Mining
Mining NRW HOLDINGS | FY25 FULL YEAR RESULTS 15
Slide 16: Mining
Mining • Revenue marginally increased, largely attributable to the addition of the South Walker Creek contract into Golding’s operations. FY25 FY24 • Margin was materially negatively impacted by significantly higher than average rainfall $M % $M % in QLD, the early termination of Mt Cattlin lithium
Slide 17: Minerals, Energy & Technologies
Minerals, Energy & Technologies NRW HOLDINGS | FY25 FULL YEAR RESULTS 17
Slide 18: Minerals, Energy and Technology (MET)
Minerals, Energy and Technology (MET) • MET revenue increased by 18% at an improved margin, reflecting strong performances from all four businesses in this segment. FY25 FY24 • Primero revenue growth underpinned by substantial progress on the KCGM Fimiston Project for Northern Star Resources and wor
Slide 19: Outlook and Guidance
Outlook and Guidance NRW HOLDINGS | FY25 FULL YEAR RESULTS 19
Slide 20: Outlook & Guidance
Outlook & Guidance Outlook Pipeline* Remains strong as: $1.9B • Total Group pipeline is $17.3B. • Current active tenders of $5.6B. $17.3B $8.4B • $6.1B of order book, with circa $3.0B already secured for FY26, June 25 which is either in the order book or is expected as repeat $7.0B business. • Balan
Slide 21: Disclaimer
Disclaimer Summary Information • This Presentation contains summary information about NRW and its associated entities and their activities current only at the date of this Presentation. • This Presentation is for general information purposes only and does not purport to be complete. The content shou
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