Australia's Acrow slips on weak HY profit outlook, softness in Queensland business

Acrow

14/11/2025 03:40

** Shares of Acrow Limited ACF.AX drop as much as 2.3% to A$1.05, their lowest level since September 22

** Construction services provider expects1H FY26 EBITDA to be between A$37 million and A$40 million ($24.04 million and $25.99 million), compared to A$39 million reported in 1H FY25

** Says it experienced softness in the general formwork business during 1H FY26, especially in Queensland

** However, co is confident of increased activity into 2H FY26 and more specifically 4Q FY26

** Shares fall 3.7% YTD, including day's moves

($1 = 1.5389 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))