Slide 1: FY26 Results
FY26 Results 25 August 2026 Big River Industries Limited ASX: BRI BIG RIVER INDUSTRIES LTD (ASX:BRI)
Slide 2: Contents
02 Contents 03 Business Overview 04 Divisions John Lorente CEO & Managing Director 05 Performance Highlights FY26 06 Divisional Performance 07 Profit and Loss 08 Profitability Waterfall John O’Connor CFO 09 Balance Sheet 10 Cash Flow 11 Capital Management 12 Investment – Build for the Future 13 Fina
Slide 3: Business Overview
03 Business Overview Manufacturer & distributor diversified across regions, markets, and supply channels Supply chain 20% of revenue diversity Manufactured by BRI 15% of revenue Direct Import by BRI 65% of revenue Sourced from local supply partners Big River manufacturing facilities Revenue by 37% D
Slide 4: Divisions
04 Divisions Two complementary divisions serving diverse customers and construction markets Panels Construction Industry leaders in differentiated decorative and technical panel (Building Trades + Formwork & Commercial) systems to the trade, supporting architectural, fit-out and Leading diversified
Slide 5: Performance Highlights FY26
05 Performance Highlights FY26 Disciplined execution delivered an improved earnings base for FY27 growth Revenue Gross Profit Margin Underlying EBITDA $426.4m 26.5 % $31.1m Up 5.3% on FY25 Up 30bps despite competitive markets, Up 8.4% on FY25 with EBITDA Reflecting resilient trading including JBS su
Slide 6: Divisional Performance
06 Divisional Performance JBS, organic growth in key markets and operating efficiencies drove construction earnings growth, while Panels continued to grow differentiated categories. Revenue EBITDA EBITDA Margin AUD in Millions FY26 FY25 % Change FY26 FY25 % Change FY26 FY25 Construction 295.0 275.4
Slide 7: Profit and Loss
07 Profit and Loss AUD in millions FY26 FY25 % Change Highlights Revenue 426.4 405.1 5.3% Revenue increased 5.3%, including a partial-year Raw materials and consumables (313.3) (298.9) (4.8%) contribution from JBS. Like-for-like revenue declined Gross profit 113.1 106.2 6.5% 1.0% amid subdued reside
Slide 8: Profitability Waterfall
08 Profitability Waterfall Revenue EBITDA (AUD in millions) Like-for-like EBITDA result down due to reduced volumes in larger regions/states. 35.0 3.1 31.1 2.6 30.0 28.7 28.0 Gross Margin (1.0) (2.3) Pricing discipline, improved product mix, procurement initiatives and closer supplier 25.0 alignment
Slide 9: Balance Sheet
09 Balance Sheet AUD in millions 30 June 2026 30 June 2025 Highlights Cash 24.5 22.8 Balance sheet remains strong, with gearing at Trade and other receivables 56.9 53.4 17.9%, down from 20.1% in June 2025. This reflects strong cash generation and disciplined Inventories 73.8 72.6 capital management,
Slide 10: Cash Flow
10 Cash Flow Strong cash conversion supports future growth investment AUD in millions FY26 FY25 Highlights Receipt from customers 466.0 448.3 Operating Cashflow of $31.7m equates to cash Payment to suppliers and employees (434.3) (419.6) conversion of 101.5%, up from 100.1% in the pcp, due to the qu
Slide 11: Capital Management
11 Capital Management Big River has completed acquisitions, expanded operations, and maintained a high dividend payout ratio while reducing gearing AUD in millions 30 June 2026 30 June 2025 Highlights Total borrowing facility¹ 80.6 80.9 Extension of existing banking facility negotiated Facility draw
Slide 12: Investment – Build for the Future
12 Investment – Build for the Future Building a more efficient, scalable, and higher-margin business Safety & People Growth Delivering Synergies Operational Efficiencies One Big River Disciplined investment in targeted growth initiatives: Grow Today – Build for the Future. Markets Operational Intern
Slide 13: Financial Ambition & Growth
13 Financial Ambition & Growth Long Term Financial Ambitions Capital Management Big River is tracking well against its long-term financial ambition, despite like for like Big River's earnings quality and disciplined working capital management have revenue contraction in soft residential market condi
Slide 14: Investment Highlights
14 Investment Highlights Strategic investments & disciplined execution delivering growth despite macro conditions Earnings growth outside the cycle Cash generation & balance sheet capacity Consistent margin expansion Return to full-year earnings growth (EBITDA +8.4%) in Cash conversion of 101.5% in
Slide 15: Macroeconomic Drivers
15 Macroeconomic Drivers Elevated pipeline supports medium-term demand, albeit project conversion remains constrained Dwellings: Approved, Under Construction, and Completed Source: ABS Building Approvals & Building Activity Pipeline rebuilding: FY26 dwelling approvals increased 9.2% to 205,249, the
Slide 16: Group Outlook
16 Group Outlook Big River enters FY27 with an improved earnings base, resilient gross margins, a disciplined cost structure, and a strong pipeline of targeted growth initiatives. Subject to market conditions and successful execution against the strategic priorities detailed below, Big River reitera
Slide 17: Appendices
= Appendices . RE A Re a Sy BIGRWER OUN LRYBROAD
Slide 18: Appendix - Profitability
18 Appendix - Profitability AUD in millions FY22 FY23 FY24 FY25 FY26 Revenue 409.3 449.5 414.7 405.1 426.4 EBITDA - Construction 31.9 39.3 24.2 23.2 27.7 - Panels 21.4 19.2 15.5 13.5 12.3 - Corporate costs (6.2) (7.6) (7.1) (8.0) (8.9) Total EBITDA 47.1 50.9 32.6 28.7 31.1 Depreciation (10.8) (11.4)
Slide 19: Appendix – Cash Flow
19 Appendix – Cash Flow AUD in millions FY22 FY23 FY24 FY25 FY26 EBITDA 47.1 50.9 32.6 28.7 31.1 Working capital changes & other items (4.6) 6.7 (0.6) - 0.6 Operating cash flow before interest and tax (OCFBIT) 42.5 57.6 32.0 28.7 31.7 Interest paid (net) (2.4) (3.1) (3.3) (3.3) (3.2) Income tax paid
Slide 20: Appendix – Capital Management
20 Appendix – Capital Management AUD in millions 30-Jun-22 30-Jun-23 30-Jun-24 30-Jun-25 30-Jun-26 Overdraft and trade finance 2.5 2.6 - - - Bank bills 36.0 41.0 46.0 46.0 46.0 Equipment finance liability 2.5 1.9 2.1 2.3 3.3 Less: Cash (19.8) (34.3) (20.5) (22.8) (24.5) Net debt 21.2 11.2 27.6 25.5
Slide 21: Appendix – Historical Performance
21 Appendix – Historical Performance Revenue ($m) EBITDA ($m) U-NPAT ($m)¹ NPATA ($m)2 500 55 25 25 400 45 20 20 300 35 15 15 200 25 10 10 100 15 5 5 0 5 0 0 -5 Cash Conversion Gearing ROFE 120% 25% 30% 100% 25% 20% 80% 20% 60% 15% 15% 40% 10% 10% 20% 5% 5% 0% 0% 0% 1. U-NPAT is NPAT before signific
Slide 22: Important Notice and Disclaimer
22 Important Notice and Disclaimer This presentation is dated 25th August 2026. accuracy, reliability or completeness of the information, opinions or conclusions expressed in this presentation. There can be no assurance Big River Industries Limited (the "Company") advises that the information that f