PARKD Limited has commissioned its new prefabrication facility in Penrith, successfully delivered a pilot project with McNab Group, and secured $1 million in capital to fuel its east-coast growth strategy.
- Penrith prefabrication facility now operational with 65,000m² annual capacity
- Successful completion of McNab Group pilot project in Queensland
- Deployment of PIEPS safety system on external project for the first time
- Substantial completion of Audi Centre Myaree project in Western Australia
- Capital raising of $1 million supports expansion and working capital
Operational Milestones Mark East Coast Expansion
PARKD Limited (ASX – PKD) has taken significant strides in its growth trajectory during the second quarter of fiscal 2026, commissioning its prefabrication facility in Penrith, New South Wales. This new facility, boasting an annual production capacity of approximately 65,000 square metres of modular decking and structural components, is strategically positioned to support the company’s expansion into the east coast market.
The commissioning of the Penrith plant was swiftly followed by the successful delivery of a pilot project for the McNab Group in Queensland. McNab, a major player in Australia's construction sector, engaged PARKD to supply prefabricated modular components, including the company's proprietary CVB®, MDSB®, and SlimDek210® panels, alongside the newly deployed PARKD Instant Edge Protection System (PIEPS®). This pilot project not only validated the operational capabilities of the Penrith facility but also demonstrated tangible productivity and safety benefits on site.
Showcasing Innovation and Safety
In addition to the pilot project, PARKD achieved substantial completion of the Audi Centre Myaree in Western Australia. This three-storey dealership project highlighted the architectural flexibility and rapid construction advantages of PARKD’s modular system, which supports clear spans exceeding 17 metres without intermediate props.
The deployment of the PIEPS safety system on the McNab project marks a notable milestone for PARKD, representing its first use on an external construction site. By integrating safety barriers directly into prefabricated modules, PIEPS enhances worker safety and aligns with the company’s commitment to innovation and risk mitigation. Preliminary licensing discussions for PIEPS are underway, indicating potential for broader commercial adoption.
Strategic Partnerships and Financial Position
PARKD’s partnership with Fielders, a well-established manufacturer and distributor, continues to underpin its national expansion strategy. The joint marketing efforts launched at Concrete2025 aim to activate the market for PARKD’s modular systems, leveraging Fielders’ supply chain and manufacturing capabilities.
Financially, the company completed a $1 million capital raising through a combination of placements and a share purchase plan, with participation from McNab Group providing third-party validation of PARKD’s technology and growth plans. As of 31 December 2025, cash reserves stood at $799,000, supporting ongoing operations and project mobilisation.
Looking Ahead
With the transition from establishment to execution now underway, PARKD is focused on converting its technical advisory pipeline into contracted projects and expanding its footprint on the east coast. The company is also prioritising the commercial activation of its modular building technology through the Fielders partnership and exploring further opportunities to maximise the value of its intellectual property.
While the company continues to manage costs prudently, the next phases of growth will depend on securing additional contracts and successfully scaling production volumes at the Penrith facility.
Bottom Line?
PARKD’s operational progress and strategic partnerships set the stage for a pivotal year of growth and market penetration.
Questions in the middle?
- How quickly can PARKD scale production at the Penrith facility to meet east-coast demand?
- What are the prospects and timelines for commercial licensing of the PIEPS safety system?
- Which upcoming projects will confirm the commercial viability of PARKD’s modular construction technology?