NRW Holdings (ASX:NWH) has delivered a standout performance for the first half of FY26, characterised by double-digit growth across all key financial metrics and the successful integration of its strategic Fredon acquisition.
For the six months ended Dec. 31, 2025, the group reported revenue of $1.97 billion, marking a 19.5% increase over the previous year.
The revenue spike, coupled with disciplined operational efficiency, translated into a massive 36.4% jump in underlying EBITA, which reached $132.3 million.
The company’s profitability narrative is further strengthened by a significant expansion in margins and earnings power.
Underlying earnings per share rose to 18.1 cents, a 41.4% climb that highlights the value generated for shareholders.
The performance has allowed the board to declare a fully franked interim dividend of 8.5 cents per share, up over 20% from the prior comparison period.
Strategic momentum remains high as NRW consolidates Fredon's contributions in electrical and HVAC services into its infrastructure portfolio.
The company’s "order book" stands at a healthy $7.5 billion, supported by a massive $25.2 billion near-term pipeline.
The operational visibility has prompted management to upgrade its full-year guidance, now forecasting an underlying EBITA between $275 million and $285 million.