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Acrow Limited (ASX:ACF)

ALERT: Price-sensitive ASX Announcement for ACF
Current share price for ACF : $0.885 0.06 (7.27%)+
Announcement
Release
1 Apr 2026 1:29PM
Price at Release
$0.825
Full Release
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Summary
Acrow Limited has achieved a record high in new hire contracts, securing $14.3 million in March and expanding its revenue pipeline to $256 million. The company has confirmed its FY26 guidance for revenue and EBITDA and announced initial guidance for FY27 with projected revenue between $335 million and $350 million and EBITDA between $88 million and $98 million. This growth is driven by increased activity across Australia, notably in Queensland's formwork sector, and is backed by Acrow's strategic revenue diversification efforts over the past three years.
Key Points
  • Acrow Limited secured new hire contracts worth $14.3 million in March, the highest monthly figure in the company's history.
  • The company's revenue pipeline reached a record $256 million, marking a 34% increase from the previous comparable period.
  • Acrow confirmed its FY26 guidance for revenue and EBITDA.
  • Initial FY27 guidance was provided, with expected revenue ranging from $335 million to $350 million and EBITDA from $88 million to $98 million.
  • Acrow's growth is supported by improving activity levels across Australia, particularly in the Queensland formwork market.
  • The company has diversified its revenue streams over the past three years, enhancing its resilience against construction industry cycles.
  • Acrow's Industrial Access division and the formwork markets are showing significant potential for growth in FY27.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.