InvestSMART

Acrow Limited (ASX:ACF)

ALERT: Price-sensitive ASX Announcement for ACF
Current share price for ACF : $0.885 -0.085 (-8.76%)+
Announcement
Release
24 Aug 2026 7:16PM
Price at Release
$0.970
Full Release
download
Summary
The FY26 results for Acrow Limited show strong growth in revenue by 27% to $336 million, primarily driven by the Industrial Access division, which contributed over 60% to group revenue. Key strategic growth was achieved through the acquisitions of SuperDeck and Ausgroup, enhancing their industrial capacity and market share. Despite flat EBITDA due to a sluggish first half in the construction division, the company maintained high margins and continued investing in growth opportunities, focusing on expanding their industrial services platform. Significant achievements in record-levels formwork revenue and continued emphasis on safety underline their operational focus for sustainable growth.
Key Points
  • Acrow Limited reported a 27% increase in group revenue for FY26, driven largely by its Industrial Access division exceeding $200 million in revenue, which accounted for more than 60% of the group's total revenue.
  • The company completed acquisitions of SuperDeck and Ausgroup, enhancing their market position in retractable loading platforms and industrial services, respectively.
  • Acrow's formwork division achieved record revenue levels in the second half of FY26 with a 26% increase, supported by Jumpform and Screens projects.
  • The company's EBITDA remained flat due to slow activity in the construction division in the first half, despite high margins.
  • Acrow invested $31.1 million in growth capital expenditure and $5.4 million in non-growth capex, focusing on strategic growth areas including industrial access and specialized systems.
  • The company plans further expansion into national industrial services and aims to leverage cross-selling opportunities across its divisions.
  • Safety remains a priority for Acrow, with metrics showing improvements in total hours worked and a focus on reducing injury frequencies.
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.