Acrow’s Industrial Access Revenue Set to Surpass $200 Million in FY26

Industrial Access Division Hits Major Revenue Milestone

Acrow Limited (ASX:ACF) has revealed that its Industrial Access division will surpass $200 million in revenue for FY26, marking approximately a 50% increase compared to the previous year. This milestone highlights the division’s rapid expansion and growing contribution to the company’s overall performance.

The surge is partly attributed to the acquisitions of Above Scaffold and Brand Australia, which have collectively added around $40 million to revenue growth. Above Scaffold, known for servicing key New South Wales infrastructure such as the Sydney Harbour Bridge and Garden Island naval facility, continues to secure significant contracts, with the Sydney Harbour Bridge program offering particularly promising opportunities.

Contract Renewals and New Wins Strengthen Outlook

Brand Australia’s Hunter Valley depot, now operating as Acrow Energy and Infrastructure, has successfully renewed several major contracts, including its largest with Glencore valued at approximately $8 million per annum over a minimum three-year term. These renewals represent over 60% of the branch’s current revenue base.

Beyond these, the division has secured multiple other contracts: a $7 million job at Lucinda Jetty through Advanced Aqua Blast, a $5 million contract with Tarong Power Station for cooling tower rectifications, and another $5 million contract with Incitec for maintenance shutdown services at Phosphate Hill. While individually modest, these contracts collectively underpin a robust revenue base projected at around $180 million for FY27.

Organic Growth and Profitability Prospects

Organic revenue growth is expected to contribute approximately $30 million this year, supported by an anticipated $3 million profit uplift during the upcoming general shutdown season from September to November. This seasonal boost reflects the division’s operational scale and the cyclical nature of maintenance work.

CEO Steven Boland emphasised the strategic importance of the Industrial Access division as a complement to Acrow’s Construction Services business, noting its recurring earnings and growth trajectory. The division’s performance has provided a buffer amid softer activity in construction services, positioning Acrow for sustained profitability and expansion.

Boland also highlighted strong results from the company’s Screens and Jumpform units, which have delivered record revenues and returns following targeted capital expenditure. With construction activity set to intensify, particularly in South East Queensland, Acrow appears poised for a period of robust growth driven by diversified revenue streams.