Overview of NRW Holdings' FY24 performance

NRW Holdings (ASX: $NWH) has reported its full-year results for FY24, achieving a revenue of $2.9 billion, marking a 9.2% increase from the previous fiscal year. The company's EBITA reached $195.1 million, reflecting a 17.4% growth, with a strong order book of $5.5 billion. The cash holdings stood at a record $246.6 million, showcasing a 94.9% conversion. Additionally, the workforce totaled 7,400, and the project pipeline remained robust at $16.4 billion.

Executive commentary on FY24 performance

The company's revenue growth of 9.2% and the increase in EBITA by 17.4% demonstrate the successful execution of our strategy across all operational segments. We are pleased with the strong order book and the record cash holdings, which position us well for future opportunities. The robust project pipeline and the fully franked final dividend of 9.0 cents per share further underline our commitment to delivering value to our shareholders. We remain focused on sustaining this positive momentum and capitalizing on the multi-year opportunities ahead.

Summary of FY24 results and outlook

NRW Holdings' FY24 full-year results depict a robust financial performance, characterized by significant revenue and EBITA growth, a strong order book, and record cash holdings. The company's diversified business model has proven effective, with comprehensive capabilities across resources, civil and public infrastructure, and utilities. Looking ahead, NRW Holdings anticipates a strong FY25, with an expected revenue of circa $3.1 billion and EBITA between $205 million to $215 million. The company's focus on sustainability and governance initiatives further underscores its commitment to responsible business practices. With a substantial pipeline and active tenders, NRW Holdings is well-positioned to capitalize on future opportunities and deliver sustainable value to its stakeholders.