What Drove PWR Holdings (ASX:PWH) FY26 Revenue Growth?

Sonal Goyal

27 October 2026 05:55 PM AEDT

What Drove PWR Holdings (ASX:PWH) FY26 Revenue Growth?

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Highlights

FY26 revenue rose 31.2% to AUD 170.7mn.
Statutory NPAT increased 83.2% to AUD 17.9mn.
The company reported an FY27 order book above AUD 82mn.

On 27 October 2026, PWR Holdings (ASX:PWH) was marked at AUD 11.43, up 0.53% at the time of writing during the Australian trading session. PWR Holdings operates in the industrial products and distribution sector. Its 20 August 2026 company announcement provides the latest business and financial details discussed below. The intraday share movement is presented separately from those earlier company disclosures.

Record Annual Sales

PWR’s 20 August 2026 results presentation reported FY26 revenue of AUD 170.7mn, up 31.2%. The company attributed growth to larger volumes in its advanced cooling operations, including motorsport and aerospace and defence applications. Australian-manufactured product revenue reached approximately AUD 106mn following the transition to its Stapylton facility.

Net Profit and Margins

Statutory NPAT increased 83.2% to AUD 17.9mn. The NPAT margin reached 10.5%, an improvement of three percentage points from FY25. Management attributed the change to greater volumes and operating leverage as manufacturing activity increased, with costs being absorbed across the larger operational footprint.

Motorsport Segment

Motorsport revenue totalled AUD 101.9mn in FY26, an increase of 45.4% compared with FY25, and represented about 60% of group sales. The company described motorsport revenue as having moved to a higher operating baseline. Its cooling technology is supplied for high-performance applications where heat management forms part of vehicle and component design.

Aerospace and Defence

The company described its aerospace and defence operations as an expanding contributor to its order book. It reported certified supplier relationships and new customer work. At the results announcement, its FY27 order book exceeded AUD 82mn. The figure represents orders at that point rather than a guarantee of revenue for the entire financial year.

Factory and Product Development

The Australian factory transition to Stapylton was complete in FY26. Research and development expenditure rose from AUD 12.7mn in FY25 to AUD 14.9mn. PWR also reported investment in technical personnel, production capabilities and process automation, and outlined a measured expansion into Poland within its multi-year capital expenditure plans.

Cash Conversion and Dividends

FY26 cash conversion was 104.9%, down 31.4 percentage points compared with the prior year. The final dividend was 5.0 cents per share, up 3.0 cents. Management said the business was continuing to reduce modest net debt and identified higher-volume periods, advanced cooling demand and operating efficiency as areas to monitor.

Business Overview

PWR Holdings engineers and manufactures thermal management and advanced cooling systems for motorsport, aerospace, defence and automotive applications. It develops products through technical design, research and manufacturing facilities. Order intake, production capacity and customer qualification requirements influence its operational reporting.

Risks and Catalysts on Watch

Production schedules, customer programme timing, engineering capacity and regulatory accreditation requirements influence delivery. Order book conversion, factory productivity and progress across defence, motorsport and other applications are identified operating measures.

Operating Figures in Context

For PWR Holdings (ASX:PWH), the published figures distinguish financial results for the identified reporting period from current market trading. Earnings measures such as statutory profit, underlying profit and EBITDA are not interchangeable, and the company’s announcement specifies which measures have been adjusted. Comparisons with FY25 relate to earlier reporting periods and should not be read as outcomes from the share-price session described in the introduction. The development programmes and targets disclosed by management are plans, with their eventual status to be established through later regulatory announcements.

Key Developments to Monitor

PWR’s FY27 order book and higher factory capacity frame its next operating period, but an order book is not identical to booked revenue. Subsequent announcements will disclose customer programme deliveries, production levels and the financial effect of capacity investment.

FAQs

Q: How much revenue did PWR report?

A: AUD 170.7mn, up 31.2%.

Q: What was statutory FY26 NPAT?

A: AUD 17.9mn, an 83.2% annual increase.

Q: How large was the FY27 order book?

A: More than AUD 82mn at the results presentation date.

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