KEY HIGHLIGHTS

✦ PWH gained 1.20% to $11.405 on 4 September 2026

✦ Record FY26 Revenue of A$170.7 million, up 31% from FY25

✦ Motorsports revenue A$101.9 million (+45%); Aerospace & Defence revenue A$35.2 million (+31%)

✦ Statutory NPAT rose 83% to A$17.9 million; record order book and 5-cent final Dividend declared

PWR Holdings Ltd (ASX:PWH) gained 1.20% to $11.405 on 4 September 2026, continuing to attract investor interest after a standout FY26 performance featuring record revenue growth and an 83% jump in statutory net profit, driven by strength across its motorsports and aerospace divisions.

PWR Holdings is a specialist manufacturer of high-performance cooling solutions for motorsport, aerospace and defence applications. The company's products — including radiators, intercoolers, oil coolers and associated components — are engineered to exacting tolerances and serve some of the world's most performance-critical applications, from Formula One racing to military aircraft and defence systems.

Record FY26 Financial Performance

PWR Holdings reported record FY26 revenue of A$170.7 million, up 31% from FY25. This is a remarkable growth rate for a Manufacturing Business and reflects strong Demand across both major segments. Motorsports revenue — the company's core and largest division — reached A$101.9 million, up 45%, driven by continued Investment by Formula One teams and other racing categories in performance-critical cooling components.

Aerospace & Defence revenue increased 31% to A$35.2 million, as defence spending growth globally and the increasing sophistication of military aircraft systems create strong demand for PWR's precision cooling technology. Statutory NPAT rose 83% to A$17.9 million, demonstrating significant Operating Leverage as the company scales its manufacturing capacity.

Key Catalysts to Watch

Formula One continues to be PWR's most important motorsport customer segment. Any expansion of the F1 calendar, increases in team technical spending or new team entries would positively affect demand. The Aerospace & Defence segment is benefiting from a global defence spending upcycle, and further contract wins with military and aerospace customers would be significant catalysts.

PWR's ability to scale its manufacturing operations in response to order book growth is a key operational focus. Investments in capacity expansion — in Queensland and potentially at its US Facility — will be watched for their impact on delivery capability and margins.

Risks

PWR's motorsport business is concentrated in a relatively small number of high-performance racing series. Any changes to technical regulations in Formula One that reduce the emphasis on cooling system performance could affect demand from F1 teams. The aerospace and defence division carries longer-cycle, contract-based risks. The company's manufacturing operations require skilled labour and specialised equipment, making capacity expansion both capital-intensive and time-consuming. Currency movements affect the translation of US dollar revenues from international motorsport customers.

CONCLUSION

PWR Holdings' 1.20% gain on 4 September 2026 builds on a genuinely outstanding FY26 result — 31% revenue growth to a record $170.7 million, 83% NPAT growth and a record order book. The combination of motorsport and aerospace/defence exposure creates a defensively diversified technology-manufacturing business with strong growth credentials. The record order book provides confidence in FY27, making PWH one of the more compelling growth stories in the ASX mid-cap space.

Q1: What were PWR Holdings' FY26 results?

Q2: What does PWR Holdings make?

Q3: What is significant about PWR's order book?

Q4: What dividend did PWR Holdings declare?

Q5: What are the risks for PWR Holdings investors?