Key Highlights

  • Big River Industries Limited (ASX:BRI) shares go ex-dividend on 4 September 2026, with the final Dividend payable on 6 October 2026.
  • The company declared a fully franked final dividend of 2.0 cents per share, taking total FY26 dividends to 4.0 cents per share.
  • FY26 Group Revenue increased 5.3 per cent to $426.4 million, while statutory NPAT improved to $4.9 million from a $14.8 million loss in FY25.
  • The Johns Building Supplies Acquisition contributed $25.2 million of revenue and $3.1 million of EBITDA in its first partial year of ownership.

Big River Industries Limited, listed on the ASX under the code BRI, is scheduled to trade ex-dividend from 4 September 2026. The Board declared a final dividend of 2.0 cents per share, fully franked, bringing total dividends for FY26 to 4.0 cents per share, unchanged from the prior year. The final dividend is scheduled for payment on 6 October 2026.

FY26 Financial Performance

For the twelve months ended 30 June 2026, Big River Industries reported Group revenue of $426.4 million, up 5.3 per cent on the prior corresponding period, reflecting trading across the Group despite subdued residential construction markets, together with the contribution from the acquisition of Johns Building Supplies. Statutory NPAT was $4.9 million, a material improvement on the FY25 statutory loss of $14.8 million, which had included a $20.0 million non-cash impairment. Underlying NPAT increased 20.5 per cent to $5.2 million.

Underlying EBITDA rose 8.4 per cent to $31.1 million, which the company said was slightly ahead of the Earnings guidance provided in June, reflecting execution across pricing, product mix, procurement, operating expenses and working capital. EBITDA Margin expanded 21 basis points to 7.3 per cent, while Gross Profit Margin increased 30 basis points to 26.5 per cent. Cash conversion improved slightly to 101.5 per cent from 100.1 per cent in FY25.

Balance Sheet and Acquisition Contribution

The Group's gearing ratio improved to 17.9 per cent from 20.1 per cent in FY25, while net Working Capital to revenue improved to 15.9 per cent from 17.7 per cent. Johns Building Supplies, acquired in December 2025, contributed $25.2 million of revenue and $3.1 million of EBITDA during its first partial year of ownership, a result the company described as ahead of expectations and one that has materially strengthened the Group's presence in Western Australia.

Market Conditions and Divisional Performance

Market conditions remained mixed throughout FY26, with residential construction activity subdued due to affordability constraints, project delays, elevated construction costs and variable demand. Trading was further affected by prolonged wet weather across the eastern seaboard during the final quarter, which disrupted customer activity, construction schedules and product deliveries. Certain segments, including knockdown rebuilds, medium-density builds and high-end renovations, showed comparative strength.

Performance varied across the Group's national network, with Western Australia and South Australia delivering organic growth, the former further supported by the Johns Building Supplies integration. Queensland was steady, while conditions remained softer across Victoria, New Zealand and parts of New South Wales and the ACT. The Formwork and Commercial Business delivered positive organic growth, while the Panels division improved revenue relative to the prior year, partly offset by softer conditions in New Zealand and continued weakness in the recreational vehicle market.

Strategic Review and Outlook

As previously announced on 29 June 2026, the Board has engaged Greenstone Partners to assist with a review of the Group's strategic options. The review remains ongoing, with no certainty as to its outcome, and the Group has stated it will update the market once the review concludes.

For FY27, the company reiterated its expectation for double-digit EBITDA growth, subject to market conditions and execution against its stated priorities, including the full-year contribution from Johns Building Supplies, increased market penetration in higher-value product categories, and continued gross profit improvement through pricing discipline and procurement initiatives. The company also noted safety improvements during FY26, with its Lost Time Injury Frequency Rate reducing to 4.2 from 5.8 and its Total Recordable Injury Frequency Rate reducing to 14.4 from 38.6.

Conclusion

Big River Industries' FY26 result reflects a period of improved earnings and margin performance achieved against subdued residential construction demand, aided by the accretive contribution from the Johns Building Supplies acquisition and a strengthened balance sheet. The fully franked final dividend of 2.0 cents per share, going ex-dividend on 4 September 2026, maintains total FY26 dividends at 4.0 cents per share, consistent with the prior year, as the Group continues its previously announced strategic review.