PWR Holdings Ltd posted a record statutory net profit after tax of AUD 17.9 million for the year ended June 30, 2026, up 83.2% from AUD 9.8 million a year earlier, driven by broad-based growth across its motorsports, aerospace and defense segments.
Total revenue increased 31.2% to AUD 170.7 million, with constant-currency growth of 34%, while EBITDA reached AUD 40.7 million at a margin of 23.8%, up 4.2 percentage points. The group’s net debt fell sharply to AUD 5.6 million and free cash flow turned positive at AUD 10.6 million, compared with a negative AUD 15 million in FY2025. Net gearing stood at 4.7%.
Motorsports revenue, representing about 60% of group sales, rose 45.4% to AUD 102 million, supported by the ramp-up at the new Stapylton facility in Australia. Aerospace and defense revenue increased 31% to AUD 35 million, with maintenance, repair and overhaul revenue up 356%, while OEM and aftermarket combined contributed AUD 30 million. The order book ended the year at a record AUD 82 million, including AUD 40 million in A&D.
Foreign exchange posed a headwind, reducing revenue by AUD 3.4 million due to weaker U.S. dollar rates, though 86% of revenue is billed in foreign currencies—predominantly sterling (50%) and U.S. dollars (32%). The company has hedged GBP 17.3 million and USD 5 million for FY2027.
Shares in PWR Holdings rose 3.85% to AUD 10.52, near the top of the 52-week range between AUD 6.80 and AUD 10.84. The board declared a fully franked final dividend of AUD 0.05 per share, bringing the full-year dividend to AUD 0.08 per share, equivalent to about 45% of NPAT.
For FY2027, management guided A&D revenue growth of around 30%, supported by programs including the Ford Mustang S650 and a new eight-year hypercar initiative expected to contribute from late FY2027 or early FY2028. OEM revenue is projected to rise about 20%, while aftermarket sales are expected to grow modestly. The company targets a 2-percentage-point improvement in NPAT margin despite startup costs for the Poland facility, which is projected to reduce statutory NPAT by less than AUD 1 million in FY2027. Capital expenditure is forecast to normalize to between AUD 14 million and AUD 16 million, including AUD 4 million for Poland.
