The NRW Holdings Ltd (ASX: NWH) share price is in focus after the company announced record full-year earnings and outlined a strong outlook. Revenue jumped 31.4% to $4.3 billion while underlying EBITA soared nearly 39% to $288.6 million.

What did NRW Holdings report?

• Revenue rose 31.4% to $4.3 billion (FY25: $3.3 billion)
• Underlying EBITA climbed 38.8% to $288.6 million
• Underlying NPAT up 43.6% to $182.7 million
• Fully franked final dividend of 14.5 cents per share, up 53%
• Underlying EBITA margin increased to 6.7% from 6.4%
• Fredon acquisition added new earnings pillar EMIT

What else do investors need to know?

NRW’s impressive result reflects growth across all divisions as well as a nine-month contribution from acquired company Fredon. This acquisition formed the company’s fourth operating segment, EMIT, increasing exposure to promising sectors like health, defence and data centres.

Mining produced stronger profits after improved productivity and reduced weather impacts in Queensland. Meanwhile, the civil segment kept steady margins despite softer resource construction demand in some regions.

The company finished the year with $7.5 billion in secured revenue and a future work pipeline worth $29.1 billion, including $11.1 billion in active tenders. Refinancing of bank facilities in July 2026 has further strengthened NRW’s balance sheet.

What’s next for NRW Holdings?

Looking ahead, NRW expects revenue of $4.6 billion–$4.8 billion and underlying EBITA of $320–$330 million in FY27, with around 85% of revenue already secured. The business will continue targeting growth across resources, energy transition, defence, infrastructure and data centre markets.

Thanks to a wider set of operating segments and a robust balance sheet, NRW aims to pursue further acquisitions and maintain disciplined capital allocation, supporting its competitive edge in attractive long-term sectors.

NRW Holdings share price snapshot

Over the past 12 months, NRW shares have risen 104%, significantly outperforming the All Ordinaries Index (ASX: XAO).

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The post NRW reports record FY26 earnings, strong FY27 outlook appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The APA Group (ASX: APA) share price is in focus after the company reported an 8.3% lift in underlying EBITDA to $2,183 million, surpassing guidance, and announced its 22nd consecutive increase in securityholder distributions.

What did APA Group report?

• Underlying EBITDA rose 8.3% to $2,183 million (FY25: $2,015 million), ahead of the midpoint of guidance
• Free cash flow increased 3.2% to $1,118 million
• Statutory revenue (excluding pass-through) was up 1.9% to $2,764 million
• Statutory net profit after tax jumped 81.4% to $234 million
• FY26 distribution increased 1.8% to 58.0 cents per security, in line with guidance
• EBITDA margin improved by 370bps to 77.9% due to $80 million of cost-out initiatives

What else do investors need to know?

APA’s cost-out program delivered $80 million in savings, exceeding its $50 million target and underpinning stronger margins. Capital investment of $546 million went into major growth projects, such as the Brigalow Peaking Power Plant, East Coast Gas Grid expansion, and Sturt Plateau Pipeline.

The group continues to streamline operations, with business simplification initiatives, divestments, and restructuring measures. Its organic growth pipeline has expanded to approximately $3.5 billion, supported by a strong balance sheet and debt raises, positioning APA to fund new opportunities.

What did APA Group management say?

APA CEO and Managing Director, Adam Watson, said:

FY26 was a year of strong financial and operational performance as we continue to deliver on our commitments to securityholders and position APA to capture value from our ~$3.5 billion organic growth pipeline. Our underlying earnings were up 8.3% and above the mid-point of guidance, supported by new assets and ongoing strong operational performance. $80 million in cost-out initiatives were delivered across the year, exceeding our target. Securityholder distributions again increased for the 22nd consecutive year.

What’s next for APA Group?

Looking ahead, APA has outlined underlying EBITDA guidance for FY27 of $2,260 million to $2,340 million, indicating mid-single-digit growth. This is expected to be driven by inflation-linked tariff escalation, the benefit of the new Sturt Plateau Pipeline, asset conversions, and ongoing cost savings.

Distributions to securityholders are forecast to grow to 59.0 cents per security in FY27. APA is also advancing projects in renewable energy, gas-powered generation, and infrastructure to support data centres, while maintaining a disciplined approach to capital allocation.

APA Group share price snapshot

The APA Group share price has outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of 15%.

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The post APA Group FY26 delivers strong earnings, pipeline expansion, and 22nd annual dividend increase appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Apa Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Maas Group Holdings Ltd (ASX: MGH) share price is in focus after the company delivered record FY26 results, with underlying revenue jumping 27% to $1.26 billion and underlying EBITDA rising 37% to $300.3 million, in line with updated guidance.

What did Maas Group report?

• Underlying revenue: $1,263.8 million, up 27% on prior corresponding period (pcp)
• Underlying EBITDA: $300.3 million, up 37% on pcp, matching updated guidance
• Statutory NPAT: $136.1 million, up 89%
• Underlying NPAT: $123.4 million, up 57%
• Underlying EPS: 34.2 cents, up 51% on pcp
• Operating cashflow conversion: 93%
• No final dividend declared for FY26

What else do investors need to know?

Maas Group pushed forward with its new capital management framework, favouring share buybacks over dividends. The group invested $55.1 million in buybacks since February and is seeking shareholder approval to increase its buyback capacity to 20% of issued capital.

A major sale of the Construction Materials portfolio to Heidelberg Materials Australia, valued at up to $1.703 billion, remains on track to settle in October 2026. This move is expected to further strengthen Maas Group’s balance sheet and provide additional options for future growth.

The group’s electrical division stood out as a key growth driver, with $1.2 billion in external work in hand. The recently secured $855 million Firmus purchase order provides further visibility on earnings for FY27 and beyond.

What did Maas Group management say?

Wes Maas, Managing Director and CEO, said:

FY26 was a defining year for Maas Group. We delivered a record result, and importantly our continuing operations exceeded the guidance range confirming the quality of the business we are carrying into FY27.

What’s next for Maas Group?

Maas Group expects strong revenue and profit growth from continuing operations into FY27, supported by its booming electrical manufacturing arm and a healthy pipeline of residential land settlements. Proceeds from the material sale are expected to provide extra firepower for earnings-accretive investment opportunities.

The company will shift to four reporting segments from FY27: Electrical, Residential Real Estate, Commercial Real Estate, and MGH Investments. The share buyback will remain in place, reflecting Maas Group’s belief that its shares are trading below underlying value.

Maas Group share price snapshot

Over the past 12 months, Maas Group shares have risen 32%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post Maas Group delivers record FY26 earnings, boosts buybacks, eyes growth appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.