SHAPE Australia Revenue Surpasses $1.2 Billion, Profit and Dividends Rise in FY26

Sonal Goyal

19 August 2026 11:23 AM AEST

SHAPE Australia Revenue Surpasses $1.2 Billion, Profit and Dividends Rise in FY26

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Key Highlights

Revenue increased 30% to more than $1.2 billion from $956.9 million in FY25.
EBITDA rose 53% to $50.1 million, while NPAT increased 50% to $31.7 million.
Total declared dividends climbed 42% to 32.0 cents per share for FY26.
Data centre Revenue reached $109.1 million and Modular by SHAPE revenue increased 228% to $74.1 million.

SHAPE Australia Corporation Limited (ASX:SHA) entered FY26 with a share price of $6.84, up 0.88%, or $0.06, as of 10:26 am AEST on 19 August 2026. The company reported annual revenue of more than $1.2 billion for the year ended 30 June 2026, compared with $956.9 million in FY25. Profitability also increased, with EBITDA rising 53% to $50.1 million and NPAT increasing 50% to $31.7 million.

Revenue Growth Broadens Beyond Office Projects

SHAPE's FY26 revenue growth reflects both higher activity and a broader mix of construction and fitout work. Revenue increased by 30% from the previous financial year, taking annual turnover above the $1.2 billion threshold.

The company has been reducing its reliance on office-related projects as other sectors expand. Office revenue still increased during FY26, but its contribution to total company revenue declined from 60% in FY25 to 43%. This shift indicates that the company's revenue base is becoming more distributed across different end markets.

Project wins increased 37% to $1.3 billion, providing an additional measure of activity during the year. The company finished FY26 with an identified pipeline of approximately $4.8 billion and Backlog orders of $628.4 million.

Profitability Improves as Margins Expand

The increase in revenue was accompanied by a rise in profitability. EBITDA grew 53% to $50.1 million, compared with $32.7 million in FY25, while NPAT increased 50% to $31.7 million from $21.1 million. FY25 figures were themselves higher than the previous year, when SHAPE reported EBITDA of $32.7 million and NPAT of $21.1 million.

Gross Margin also improved, moving from 9.2% in FY25 to 9.8% in FY26. The company attributed the improvement to project selection and cost controls. Earnings Per Share increased 49% to 38.1 cents, compared with 25.5 cents in FY25.

Data Centres and Modular Construction Gain Scale

Diversification was particularly visible in data centres and modular construction. Data centre revenue increased dramatically to $109.1 million in FY26 from just $0.5 million in FY25. Modular by SHAPE revenue rose 228%, reaching $74.1 million compared with $22.6 million a year earlier.

The company also expanded its capabilities through acquisitions. SHAPE completed the Acquisition of Arden during FY26, while the acquisition of Australian Professional Shopfitters was completed on 1 July 2026. These transactions add facilities maintenance and national multi-site retail capabilities to the group's operating platform.

Dividends Increase Alongside Earnings

SHAPE declared a final Dividend of 18.0 cents per share for FY26, taking total declared dividends for the financial year to 32.0 cents per share. This represents a 42% increase from the 22.5 cents per share declared in FY25.

The dividend increase accompanied the rise in earnings per share, with FY26 EPS reaching 38.1 cents. There was therefore no decline in either reported NPAT or declared dividends during the year.

FY27 Starts With a Larger Pipeline

SHAPE begins FY27 with approximately $4.8 billion of identified pipeline opportunities and $628.4 million in backlog orders. The company intends to continue its strategy across sector diversification, regional growth and capability expansion.

The changing revenue mix remains an important feature of the business. Data centres, modular construction, education, aged care and other non-office sectors have become increasingly relevant, while acquisitions are being used to broaden service capabilities and customer relationships.

Conclusion

SHAPE's FY26 results show higher revenue, expanding margins and faster growth in EBITDA and NPAT, while the increase in declared dividends reflects the improvement in earnings. The reduction in office revenue's share from 60% to 43% also marks a significant change in the company's revenue composition. With a larger project pipeline, higher backlog and expanded capabilities entering FY27, SHAPE's next financial year will provide further evidence of how effectively its Diversification and acquisition strategy can translate into sustained operating growth.

FAQs

Q: What was SHAPE Australia's FY26 revenue?

A:SHAPE reported revenue of more than $1.2 billion for FY26, up 30% from $956.9 million in FY25.

Q: How much did SHAPE's NPAT increase in FY26?

A:NPAT increased 50% to $31.7 million from $21.1 million in FY25.

Q: What was SHAPE Australia's FY26 dividend?

A:The company declared a final dividend of 18.0 cents per share, taking total declared dividends for FY26 to 32.0 cents per share.

Q: How did SHAPE's data centre revenue change?

A:Data centre revenue increased to $109.1 million in FY26 from $0.5 million in FY25.

Q: What pipeline is SHAPE entering FY27 with?

A:SHAPE reported an identified pipeline of approximately $4.8 billion and backlog orders of $628.4 million entering FY27.

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