PWR Holdings (ASX:PWH) announced a robust financial performance for the first half of the 2026 fiscal year, underpinned by revenue growth in the Motorsports and Aerospace & Defence sectors.
For the half-year ended Dec. 31, 2025, PWR reported a 27.8% increase in revenue, reaching $80.4 million.
The company's EBITDA rose 47.6% to $16.2 million, reflecting strong operating leverage and margin expansion.
The growth was achieved despite absorbing $0.8 million in one-off costs associated with the relocation to a new global headquarters in Stapylton.
Statutory net profit after tax climbed to $5.7 million, a 38.6% increase over the prior year.
While results were impacted by higher depreciation and finance charges related to the new facility, the company benefited from the early recognition of revenue in the second quarter—volume that was originally forecasted for Q3.
PWR also maintained a healthy balance sheet with a cash conversion ratio exceeding 100%.
Following the results, the board declared an interim franked dividend of 3 cents per share, a 50% increase from the 2 cents paid in the previous period.