Key highlights

  • Big River Industries Ltd (ASX:BRI) touched a 52-week low during the 20 October 2026 session and closed at $1.02, down 8.52%.
  • Big River’s FY26 Annual Report showed Revenue up 5.3% to $426.4 million and underlying EBITDA up 8.4% to $31.1 million.
  • Total FY26 dividends were 4.0 cents per share, fully franked, and the company expects double-digit underlying EBITDA growth in FY27.

Big River Industries Ltd (ASX:BRI) touched a 52-week low during the Trading session on 20 October 2026 and closed at $1.02, down 8.52%. Big River’s latest document covered here is its 2026 annual report for the year ended 30 June 2026, with the board determining a final Dividend on 25 August 2026. No latest announcement has driven the share price move, so the announcement is described below on its own terms.

About Big River Industries

Big River Industries Limited distributes and manufactures building products for residential and commercial construction in Australia, with a Construction Division that includes formwork products. About 20% of group revenue comes from products manufactured by Big River itself.

In December 2025 it acquired Johns Building Supplies for consideration of up to $17 million.

FY26 financial results

Group revenue rose 5.3% to $426.4 million and underlying EBITDA rose 8.4% to $31.1 million. Underlying NPAT rose 20.5% to $5.2 million, and statutory NPAT was $4.9 million compared with a statutory loss of $14.8 million in FY25, which included a $20.0 million non-cash impairment. Operating Cash Flow before interest and tax was $31.7 million, and Working Capital to revenue improved to 15.9% from 17.7%.

Net Debt was $24.8 million compared with $25.5 million a year earlier. The board declared a fully franked final dividend of 2.0 cents per share, taking total FY26 dividends to 4.0 cents.

Divisional performance and acquisition

The Construction Division’s revenue rose 7.1% and EBITDA rose 19.4%. Johns Building Supplies contributed $25.2 million of revenue and $3.1 million of EBITDA in its first partial year of ownership. The company said Earnings in other areas were affected by product mix and softer conditions in some markets, and that like-for-like revenue was held back by softer volumes.

The report points to affordability pressures, project delays, elevated construction costs and variable customer Demand as factors weighing on the market during FY26.

FY27 outlook

Big River said it expects to deliver double-digit underlying EBITDA growth in FY27 and expects residential activity to remain variable in the near term, while commercial, infrastructure and formwork activity should remain comparatively resilient. It said it will continue to look at acquisitions with discipline.

Sector backdrop

Building products distributors depend on housing starts, renovation activity and commercial construction, all of which respond to interest rates, affordability and project timing. Costs of materials and labour also influence margins.

Companies in the sector often grow through acquisitions of regional distributors and manufacturers, which add scale but require integration.

Risks shareholders should weigh

Underlying NPAT of $5.2 million is small relative to revenue of $426.4 million, so a change in margins or volumes can have a large effect on profit. The company itself notes that residential demand is expected to remain variable.

Net debt of $24.8 million and the cost of integrating Johns Building Supplies are relevant considerations, and the FY27 growth expectation depends on market conditions and execution.

What’s next

Items to watch include the performance of Johns Building Supplies over a full year, the delivery of double-digit underlying EBITDA growth in FY27, residential and commercial activity levels and the company’s next half-year result.