Big River Industries reported a 20.5% increase in underlying net profit after tax to A$5.2 million for the year ended June 30, 2026, as gross margins expanded despite a soft residential construction market. The company’s shares traded at A$1.345 on the announcement, up 0.37% from the previous close.
Revenue rose 5.3% year-over-year to A$426.4 million, though like-for-like sales declined by approximately 1.0%. Gross profit increased 6.5% to A$113.1 million, with the gross margin widening by 30 basis points to 26.5%. Underlying EBITDA grew 8.4% to A$31.1 million, while the EBITDA margin improved by 21 basis points to 7.3%. Reported NPAT attributable to shareholders reached A$4.9 million, compared with a statutory loss of A$14.8 million in the prior year, which included a A$20 million impairment charge.
The Construction Division delivered a 7.1% revenue increase to A$295.0 million, with EBITDA surging 19.4% to A$27.7 million and margins expanding by 100 basis points to 9.4%. The Panels Division, however, saw revenue rise just 1.3% to A$131.4 million, with EBITDA falling 8.9% to A$12.3 million and margins contracting from 10.4% to 9.4%. Corporate costs increased by A$0.9 million to A$8.9 million, while operating expenses rose 5.8% to A$82.0 million.
Acquisitions played a key role in the financial performance. Big River completed the A$17 million purchase of Johns Building Supplies in December 2025, which contributed A$25.2 million in revenue and A$3.1 million in EBITDA during the partial-year ownership. The company also raised approximately A$10 million through a renounceable entitlement offer to fund growth initiatives.
The balance sheet strengthened, with total assets increasing to A$271.3 million from A$245.8 million. Net debt improved by A$0.7 million to A$24.8 million, while gearing declined to 17.9% from 20.1% in the prior year. Net working capital to revenue ratio also improved to 15.9% from 17.7%. Operating cash flow before interest and tax totaled A$31.7 million, with a cash conversion rate of 101.5%.
Big River operates 25 sites across Australia and New Zealand, including seven manufacturing facilities. Revenue is distributed across Queensland (31%), South Australia/Western Australia (23%), Victoria (21%), New South Wales/ACT (20%), and New Zealand (5%). The company declared a fully franked final dividend of 2.0 cents per share, bringing the full-year payout to 4.0 cents per share, representing a 76.9% payout ratio.
