Acrow forecasts 74% net profit surge, lifts FY27 guidance
By Brie CarterKey points
- Acrow raised its FY27 revenue guidance to $440-$470 million and projects net profit after tax to grow to around $44-$52 million.
- The company narrowed its first-half underlying EBITDA guidance upward to $52–$55 million.
- Growth drivers include expansion on the Snowy 2.0 contract, recovery in Queensland formwork, and the integration of AusGroup Industrial Services.
Acrow (ASX:ACF) upgraded its full-year FY27 revenue guidance to a range of $440 million to $470 million while forecasting an underlying net profit after tax of $44 million to $52 million.
The revised figure compares with prior revenue guidance of $410 million to $430 million and represents projected net profit growth of 74%.
The company reported that the upgraded outlook reflects organic growth across its Industrial Access and Construction Services units, along with initial contributions from the acquired AusGroup Industrial Services business.
Acrow stated that budgeted capital expenditure remains unchanged at $30 million, whilst its net debt-to-EBITDA ratio is projected to drop to roughly 1.3 times by the end of FY27.
Following the announcement, the Acrow share price was unchanged at $0.92.
The business operates scaffold and formwork supply services across 20 Australian locations within six states.
Acrow acquired AusGroup Industrial Services effective Sept. 1 after receiving regulatory clearance from the Australian Competition and Consumer Commission earlier in the year.
