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Acrow Limited (ASX:ACF)

ALERT: Price-sensitive ASX Announcement for ACF
Current share price for ACF : $0.880 -0.18 (-16.98%)+
Announcement
Release
29 Jul 2025 9:32AM
Price at Release
$1.060
Full Release
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Summary
Acrow Limited (ASX: ACF) has provided a trading update and revised earnings guidance for the financial year ending 30 June 2024. The company now expects revenue to be between $198 million and $200 million, with EBITDA in the range of $44.8 million to $45.5 million, and net profit after tax (NPAT) between $17.8 million and $18.2 million. The company attributes the updated guidance to a softer trading environment in certain sectors, some project delays, and internal investment in systems and people. Acrow continues to focus on its core construction sector, is confident in its positioning, and is actively pursuing growth opportunities. The Board remains committed to its dividend policy and anticipates continued strong cash generation. The company will release audited full-year results in August 2024.
Key Points
  • Acrow Limited announced updated trading guidance for FY24.
  • Expected FY24 revenue is between $198 million and $200 million.
  • Expected FY24 EBITDA is between $44.8 million and $45.5 million.
  • Expected FY24 NPAT is between $17.8 million and $18.2 million.
  • Revision attributed to softer market conditions, project delays, and internal investments.
  • Company remains focused on core construction sector and is pursuing growth initiatives.
  • Board remains confident in company strategy and dividend policy.
  • Strong cash generation expected to continue.
  • Audited full-year results will be released in August 2024.
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.