Overview of NRW Holdings' Annual Financial Statements

NRW Holdings Limited (ASX: $NWH) has released its Annual Financial Statements for the year ended 30 June 2024. The report encompasses the Directors' Report, Corporate Governance and Risk Management, Financial Performance, Operating Segments, Balance Sheet, Operating Cash Flow, Capital Expenditure, and Environmental, Social, and Governance (ESG) disclosures. It also outlines the company's strategy, risk management processes, and metrics used to assess climate-related risks and opportunities.

Executive Commentary on Financial Performance and Remuneration

The company's financial performance for the year ended 30 June 2024 reflects a 9.2% increase in total revenue to $2,913.0 million compared to the previous year. EBITA increased by 17.4% to $195.1 million, and Normalised Net Earnings (NPATN) increased by 18.6% to $123.8 million. The report also provides insights into the company's remuneration arrangements for key management personnel, including non-executive directors, executive directors, and other key executives. It details the remuneration governance, use of independent remuneration consultants, and the link between remuneration and company performance, including fixed annual remuneration, short-term and long-term 'at-risk' remuneration, and performance outcomes for the executives.

Overview of NRW Holdings' Financial Statements and Outlook

NRW Holdings' release of the Annual Financial Statements offers a comprehensive overview of its financial performance, operational activities, and ESG initiatives for the year ended 30 June 2024. The report outlines the company's commitment to health and safety, people and culture, and its strategy for managing climate-related risks and opportunities. It also provides insights into the company's risk management processes, metrics used to assess climate-related risks, and its approach to executive remuneration. Looking ahead, NRW Holdings aims to continue its focus on sustainability, including a 25% reduction in Scope 1 and Scope 2 GHG emissions by 2030, and remains committed to addressing the challenge of managing its carbon footprint. The company's financial report, audited in accordance with the Corporations Act 2001, provides a true and fair view of the Group's financial position and performance, offering investors and stakeholders valuable insights into NRW Holdings' financial performance, risk management, and shareholder details for the year ended 30 June 2024.