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Acrow Limited (ASX:ACF)

ALERT: Price-sensitive ASX Announcement for ACF
Current share price for ACF : $0.880 -0.005 (-0.56%)+
Announcement
Release
3 Jun 2026 9:01AM
Price at Release
$0.885
Full Release
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Summary
Acrow Limited has announced that its Industrial Access division's revenue is expected to exceed $200 million in the financial year 2026, marking an estimated 50% increase from the previous year. This growth is driven by the successful performance of recent acquisitions, Above Scaffold and Brand Australia, contributing approximately $40 million to the revenue increase. Additionally, the division has secured numerous significant contracts which will support ongoing revenue growth into financial year 2027, with around $180 million of revenue already secured. The company highlights the division's strategic importance in balancing its portfolio amidst a slowdown in the Construction Services division.
Key Points
  • Industrial Access division revenue to exceed $200 million in FY26, a 50% increase from FY25.
  • Acquisitions of Above Scaffold and Brand Australia significantly contribute to revenue growth.
  • Organic revenue growth of approximately $30 million expected for the year.
  • Significant contract wins secure around $180 million revenue for FY27.
  • Acrow's strategy aims to diversify and strengthen its business amidst a softer market in Construction Services.
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.