Australian mining and civil contracting heavyweight NRW Holdings expects further growth in earnings and revenues in FY2027 after posting record FY26 numbers.
The company said revenue climbed 31.4% year-on-year to A$4.3 billion, including nine months of new subsidiary Fredon, while EBITA was up 38.8% yoy at $288.6 million.
NRW’s EBITA margin increased to 6.7% in FY26 from 6.4% the previous year.
It is guiding for $320-330 million EBITA on $4.6-4.8 billion of revenue in FY27, with about 85% of revenue already secured.
The company, which employed 14,000 people at the end of July 2026, sees a $29.1 billion pipeline of work across resources, infrastructure, data centres, health, defence and energy markets.
The $200 million acquisition of Fredon last year formed NRW’s “fourth pillar”, its electrical, mechanical, infrastructure and technology (EMIT) segment which contributed $684.3 million of revenue and $36.1 million of EBITA to the latest result.
NRW’s largest segment, its contract mining arm, turned in a flat FY26 result with revenue at $1.54 billion. It started the new year with a $4.4 billion order book and $4.2 billion of active tenders in front of it.
NRW’s minerals, energy and technologies arm generated $1.26 billion of revenue, up 35.1% yoy.
“The acquisition of Fredon was a transformational step in NRW’s evolution as a leading Australian services business,” NRW CEO Jules Pemberton said.
“Fredon has exceeded our acquisition expectations in its first nine months within the group and has established a significant fourth operating segment, providing exposure to attractive long-term growth sectors including health, defence, data centres, commercial construction and infrastructure.
“We currently have $7.5 billion in secured revenue, together with a pipeline of $29.1 billion, of which $11.1 billion are submitted tenders, giving us confidence in our long-term earnings outlook.
“We continue to see significant opportunities across resources, defence, infrastructure, energy transition projects and increasingly within the rapidly expanding data centre sector, where we are able to support the construction of both urban and remote facilities.”
ASX-listed NRW’s share price has climbed nearly 50% in 2026, capitalising the company at about $3.49 billion.
