Nrw Holdings Limited · ASX:NWH
Nrw — FY2026 Earnings Presentation
21 slides from Nrw's earnings presentation, Aug 20, 2026
Slide 1: FY26 Full Year Results
FY26 Full Year Results 20 August 2026
Slide 2: Full Year Highlights
Full Year Highlights $4.3B $289M Revenue Underlying EBITA 0.37x $7.5B Leverage excl. AASB 16 Strong Order Book includes repeat business ~14,000 14.5cps Workforce as at 31 July 2026 Final Dividend NRW Holdings | FY26 Full Year Results 2
Slide 3: FY26 Full Year Financial Results: Financial Overview
FY26 Full Year Financial Results Financial Overview • Revenue $4.3 billion, up 31.4% on FY25. • Underlying EBITA $288.6 million, up 38.8% on FY25. • Underlying NPAT $182.7 million, up 43.6% on FY25. • Statutory NPAT $153.4 million, up 454.3% on FY25. • Cash holdings of $319.7 million, 93.8% operatin
Slide 4: Sustainability Overview
Sustainability Overview 4.12 TRIFR FY25 = 6.05 Implementation 50% of Critical Risk Reduction in Scope 1 and Learning Packages and Scope 2 emissions intensity Worker Verifications across our managed facilities against the FY20 baseline Developed a Group-wide Scope 3 emissions methodology and report
Slide 5: Profit & Loss
Profit & Loss FY26 FY25 Movement $M $M Revenue 4,293.3 3,267.7 31.4% Underlying EBITDA 486.2 391.0 24.3% Underlying EBITA 288.6 207.9 38.8% Amortisation of acquisition intangibles (17.5) (7.5) 132.3% Non-underlying transactions (26.0) (142.1) (81.7)% Statutory EBIT 245.1 58.3 320.6% Interest (27.7)
Slide 6: Balance Sheet
Balance Sheet Jun 26 Jun 25 $M $M • All balances impacted by the consolidation of the Fredon Cash 319.7 265.7 balance sheet into the Group. Financial debt (499.6) (364.2) • Financial debt increased to $499.6 million due to the funding of Lease debt (85.9) (46.9) the Fredon acquisition. Net debt (265
Slide 7: Cash Flow
Cash Flow Jun 26 Jun 25 Movement $M $M • Cash balances increased to $319.7 million with operating cash Operating cash flows (before interest 447.1 310.5 44.0% conversion of 93.8%. and tax) Operating cash conversion(1) 93.8% 82.9% 10.9% • $92.9 million tax payments reflects the resumption of normal m
Slide 8: Available Liquidity
Available Liquidity • On 31 July 2026, the Group executed amendments Drawn Undrawn Upsizing Total to its senior banking facilities, increasing the total Borrowing Facilities 30 June 26 30 June 26 31 July 26 31 July 26 committed facility limits by $300 million. $M $M $M $M • The revised facilities we
Slide 9: Strategic Sector Exposures
Strategic Sector Exposures Our strategy has successfully created the most diversified Australian listed industrial service provider This model provides comprehensive capabilities throughout the project lifecycle, spanning engineering, manufacturing, construction, operations, maintenance and the supp
Slide 10: Segment Financial Overview
Segment Financial Overview Revenue Underlying EBITA Civil $862.5M $46.9M 4.7% 6.2% Mining $1,539.5M $139.9M 0.1 % 15.6% MET $1,259.2M $96.0M 35.1% 40.5% EMIT $684.3M $36.1M NRW Holdings | FY26 Full Year Results 10
Slide 11: Civil
Civil 11
Slide 12: Civil
Civil • Civil revenue increased to $862.5 million in FY26, up 4.7% from $823.7 million in FY25, underpinned by the strong growth in the Urban business. FY26 FY25 Movement • Civil underlying EBITA increased slightly compared to FY25, demonstrating resilience despite a one-off project loss recognised
Slide 13: Mining
Mining 13
Slide 14: Mining
Mining FY26 FY25 Movement • The Mining segment delivered a strong FY26 performance, with underlying EBITA increasing 15.6% to $139.9 million, supported by strong operational performance and no adverse weather impacts $M $M % in Queensland. Revenue 1,539.5 1,541.2 0.1% • Revenue was broadly in line
Slide 15: Minerals, Energy & Technologies
Minerals, Energy & Technologies 15
Slide 16: Minerals, Energy & Technologies
Minerals, Energy & Technologies • MET delivered a strong increase in revenue in FY26, with revenue rising 35.1% to $1,259.2 million. Underlying EBITA increased 40.5% to $96.0 million, reflecting the successful execution of a diversified portfolio of FY26 FY25 Movement projects and continued strong d
Slide 17: Electrical, Mechanical (HVAC), Infrastructure, Technology
Electrical, Mechanical (HVAC), Infrastructure, Technology 17
Slide 18: Electrical, Mechanical (HVAC), Infrastructure, Technology
Electrical, Mechanical (HVAC), Infrastructure, Technology • Fredon delivered a strong financial performance in its first nine months as part of the Group, contributing revenue of $684.3 million and an underlying EBITA margin of 5.3%, exceeding the acquisition assumptions. FY26 FY25 • Since acquisiti
Slide 19: Outlook
Outlook 19
Slide 20: Outlook & Guidance
Outlook & Guidance The outlook remains strong for the enlarged group Pipeline(2) Outlook $4.1B Continued strong growth will be delivered in FY27 $8.4B underpinned by: $6.8B $29.1B • Growing Group pipeline currently $29.1 billion. • Current active tenders of $11.1 billion. $9.8B • $7.5 billion of wor
Slide 21: Disclaimer
Disclaimer Summary Information Future and Past Performance Disclaimer • This Presentation contains summary information • To the extent this Presentation contains certain • No representation or warranty, express or implied, about NRW and its associated entities and their “forward-looking statements”