PWR Holdings has announced a record fiscal 2026 profit, with revenue rising 31.2% to AUD 170.7 million and statutory net profit after tax jumping 83.2% to AUD 17.9 million. The company's shares rose 3.85% to $10.52 following the announcement.
The thermal-management specialist benefited from stronger demand in motorsports and aerospace and defense, with revenue in these segments increasing 45.4% and 31%, respectively. The company also reported positive free cash flow, lower debt, and a larger order book heading into fiscal 2027.
Financial Highlights
PWR Holdings delivered record sales and stronger earnings, with EBITDA reaching AUD 40.7 million and a margin of 23.8%. The company absorbed about AUD 800,000 in one-off factory costs during the year and still delivered a stronger profit outcome.
The results also point to improving operating leverage, with employee costs rising 19.6%, slower than revenue. The company's new Australian site enabled record local revenue of about AUD 106 million.
Outlook
Management expects NPAT margin to improve by about 2 percentage points in FY 2027, even after including startup costs for its planned Poland facility. The company also said FY 2027 capital expenditure should normalize to about AUD 14 million to AUD 16 million, including about AUD 4 million for Poland.
Chief Executive Sharyn Williams described FY 2026 as a 'year of strong execution,' with the company delivering on its strategic priorities and the momentum in the business now delivering operating leverage.
