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NRW Holdings Limited
(Sydney:NWH)
NRW Holdings Limited (NWH) vs. iShares MSCI Australia ETF (EWA)
NRW Holdings Limited Business Overview & Revenue Model
NRW Holdings Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.27B | 3.27B | 2.91B | 2.67B | 2.37B | 2.22B |
| Gross Profit | 1.02B | 1.80B | 1.40B | 431.98M | 349.22M | 391.81M |
| EBITDA | 238.08M | 250.87M | 309.70M | 267.57M | 262.98M | 254.43M |
| Net Income | 27.67M | 27.67M | 105.10M | 85.64M | 97.41M | 54.30M |
Balance Sheet | ||||||
| Total Assets | 1.70B | 1.70B | 1.61B | 1.61B | 1.50B | 1.41B |
| Cash, Cash Equivalents and Short-Term Investments | 265.74M | 265.74M | 246.65M | 227.58M | 219.34M | 146.55M |
| Total Debt | 411.12M | 411.12M | 325.46M | 311.92M | 285.92M | 317.83M |
| Total Liabilities | 1.09B | 1.09B | 959.70M | 995.37M | 906.05M | 869.46M |
| Stockholders Equity | 610.01M | 610.01M | 652.56M | 610.12M | 591.09M | 545.12M |
Cash Flow | ||||||
| Free Cash Flow | 107.08M | 97.05M | 38.70M | 59.70M | 81.65M | 68.84M |
| Operating Cash Flow | 251.47M | 251.47M | 233.53M | 246.99M | 288.00M | 147.44M |
| Investing Cash Flow | -226.30M | -226.30M | -152.28M | -180.57M | -124.75M | -121.68M |
| Financing Cash Flow | -6.34M | -6.34M | -62.12M | -58.26M | -90.52M | -49.44M |
NRW Holdings Limited Technical Analysis
NRW Holdings Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | AU$506.96M | 11.86 | 29.67% | 2.72% | -3.08% | -16.35% | |
| ― | €1.39B | 23.08 | 12.08% | 2.42% | 1.65% | 84.19% | |
| ― | AU$1.68B | 34.08 | 13.62% | 1.95% | 23.76% | 21.18% | |
| ― | €2.24B | 26.50 | 17.57% | 3.20% | 7.20% | 32.60% | |
| ― | AU$1.71B | 22.59 | 9.26% | 1.49% | 15.14% | -7.23% | |
| ― | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
| ― | €2.25B | 80.53 | 4.71% | 3.50% | 12.18% | -73.81% |
NRW Holdings Limited Corporate Events
NRW Holdings Limited has released its Modern Slavery Statement for the financial year 2025, detailing the measures taken to identify and mitigate modern slavery risks within its operations and supply chains. This statement, part of NRW’s annual reporting suite, complies with the Modern Slavery Act 2018, outlining the company’s structure, operations, and the steps taken to assess and address modern slavery risks. The statement reflects NRW’s commitment to ethical practices and transparency, potentially enhancing its reputation and stakeholder trust.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$5.15 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement, approved by the board, outlines the extent to which the company has adhered to the ASX Corporate Governance Council’s recommendations. This disclosure is part of the company’s compliance with ASX Listing Rules, ensuring transparency and accountability in its governance practices.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$5.15 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited has released its Corporate Governance Statement for the financial year 2025, highlighting its adherence to the ASX Corporate Governance Council’s Principles and Recommendations. The company emphasizes its commitment to maintaining high standards of business ethics and governance practices, which it views as essential for long-term success. NRW confirms its compliance with all ASX Principles and Recommendations, reflecting its dedication to corporate governance excellence.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$5.15 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited has released its annual report for 2025, highlighting its continued presence on the Australian Stock Exchange under the code NWH. The company is headquartered in Belmont, Western Australia, and has a diverse board of directors led by Chairperson Michael Arnett and CEO Julian Pemberton. The report outlines the company’s operational achievements and strategic focus for the upcoming year, emphasizing its commitment to maintaining strong market positioning and delivering value to its stakeholders.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$5.15 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited has announced its Annual General Meeting (AGM) scheduled for November 27, 2025, at the Duxton Hotel in Perth, Western Australia. Shareholders are encouraged to participate and submit questions in advance, as the meeting will address various business matters outlined in the Notice of Meeting. This AGM is a crucial event for stakeholders to engage with the company’s strategic direction and operational updates.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$5.15 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited announced a change in the director’s interest, with Michael Norman Arnett disposing of 112,734 fully paid ordinary shares through an on-market trade, reducing his holding to 600,000 shares. This transaction, valued at $548,111.42, reflects a strategic adjustment in the director’s investment portfolio, potentially influencing stakeholder perceptions of the company’s market performance.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$5.15 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited has announced a change in the director’s interest notice, specifically involving Jeffrey Phillip Dowling. The notice details that Dowling has disposed of 164,705 fully paid ordinary shares through an on-market trade, reducing his holding to 200,000 shares. This transaction, valued at $805,407.45, reflects a significant adjustment in Dowling’s investment in the company, potentially impacting stakeholder perceptions of the company’s future performance.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$5.15 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited has announced a change in the indirect interest of its director, Julian Alexander Pemberton, who disposed of 4,000,000 fully paid ordinary shares through an on-market trade. This transaction, valued at approximately $19.77 million, reduces Pemberton’s indirect holdings in the company, potentially impacting the market perception of the company’s stock and signaling a shift in the director’s investment strategy.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$5.15 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited announced a change in the director’s interest, with Michael Norman Arnett disposing of 100,000 fully paid ordinary shares through an on-market trade, reducing his total holdings to 712,534 shares. This transaction, valued at $500,119.60, reflects a strategic financial decision by the director, potentially impacting stakeholder perceptions and the company’s market positioning.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$5.15 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited announced the issuance of 44,444 performance rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to motivate and retain key employees, potentially enhancing its operational efficiency and competitive positioning in the construction and engineering sector.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$5.15 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited announced a change in the director’s interest, with Michael Norman Arnett disposing of 200,000 fully paid ordinary shares through an on-market trade, reducing his total holdings to 812,534 shares. This transaction, valued at approximately $945,381.64, reflects a strategic financial decision by the director, potentially impacting stakeholder perceptions and the company’s market dynamics.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited has announced that its Annual General Meeting will take place on 27 November 2025. The deadline for director nominations is set for 17 October 2025, requiring written submissions to be delivered to the company’s registered office. This announcement is part of NRW’s continuous disclosure policy and reflects the company’s commitment to transparent governance practices.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$4.05 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited has completed the acquisition of Fredon Industries Pty Ltd, integrating Fredon’s 2,500 employees and expanding NRW’s capabilities in HVAC and electrical services. This acquisition supports NRW’s strategy to grow by entering new markets and enhancing service offerings, particularly in emerging sectors like data centers. The company has updated its FY26 guidance, projecting revenue to exceed $4 billion and underlying EBITA between $255 million and $265 million, reflecting a strong start to the financial year and increased activity across its business sectors.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$4.05 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited has announced a change in the interests of its director, Julian Alexander Pemberton. The change involves the vesting of performance rights under the company’s Performance Rights Plan for FY23, resulting in an increase of 862,167 fully paid ordinary shares held indirectly by Pemberton. This adjustment reflects the company’s ongoing commitment to aligning executive incentives with shareholder interests, potentially impacting its governance and stakeholder confidence.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$4.05 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited has announced the quotation of 2,104,485 ordinary fully paid securities on the Australian Securities Exchange (ASX) as part of an employee incentive scheme. This move is expected to enhance the company’s capital structure and provide additional liquidity, potentially strengthening its market position and benefiting stakeholders.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$4.05 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited announced a proposed issue of 2,104,485 ordinary fully paid securities, scheduled for issuance on September 30, 2025. This move is part of a placement or other type of issue, potentially impacting the company’s capital structure and market positioning, as it seeks to enhance its financial flexibility and support future growth initiatives.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$4.05 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in NRW Holdings Limited. The change in substantial holding was due to the purchase of securities by an entity controlled by Morgan Stanley, affecting a significant number of fully paid ordinary shares. This development might impact the company’s shareholder structure and market perception.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$4.05 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited has announced its conditional acquisition of Fredon Industries Pty Ltd, a move that is expected to enhance its operational capabilities and market positioning. The acquisition, subject to shareholder approval for financial assistance provisions, could significantly impact NRW’s financial structure and future performance, with potential implications for stakeholders and market dynamics.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$4.05 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited has announced the acquisition of Fredon Industries Pty Ltd, a leading provider of electrical, mechanical (HVAC), infrastructure, technology, and maintenance services in Australia. The acquisition, valued at up to $200 million, aligns with NRW’s strategy to expand its service offerings and enter new markets, particularly in the energy transition and digital innovation sectors. This move is expected to enhance NRW’s market positioning by adding a fourth pillar, ‘EMIT’, to its operations, and is anticipated to provide significant growth opportunities due to Fredon’s established client base and strong revenue streams.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$4.05 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited has requested a trading halt on its securities pending the finalization of a strategic acquisition. The halt is expected to last until the company makes an announcement or normal trading resumes on 4 September 2025. This move indicates a significant strategic development for NRW, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited has announced a change in its substantial holding status, as First Sentier Investors and its associates have ceased to be substantial holders as of August 28, 2025. This change in holding status may impact the company’s voting securities and the nature of associations with its stakeholders, potentially influencing its market positioning and strategic decisions.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited has announced a dividend distribution of AUD 0.095 per share for its ordinary fully paid securities. This distribution, covering the six-month period ending June 30, 2025, will be paid on October 8, 2025, with a record date of September 19, 2025. The announcement reflects the company’s ongoing commitment to returning value to its shareholders and may influence investor sentiment positively.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$3.65 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited reported its full-year financial results for FY25, showcasing a strong financial performance. The company achieved an underlying EBITA of $207.9 million and revenue of $3.3 billion. Additionally, the company declared a fully franked final dividend of 9.5 cents per share and reported cash holdings of $265.7 million. The order book remains robust at $6.1 billion, indicating a positive outlook for future operations.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$3.65 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited reported a 6.6% growth in underlying earnings for FY25, driven by record performances in its Civil and MET segments, despite challenges in Queensland’s mining operations due to adverse weather conditions. The company achieved a consolidated revenue of $3.3 billion, marking a 12.2% increase from the previous year, and declared a fully franked final dividend of 9.5 cents per share. The company’s order book stands at $6.1 billion, with a robust pipeline of $17.3 billion, positioning it well for future growth. However, the statutory EBIT was impacted by non-underlying items, including a significant impairment related to OneSteel. NRW’s strategic contract wins, such as the South Walker Creek and Castle Hill projects, are expected to bolster the mining segment’s outlook.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$3.65 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited has released its annual financial statements for 2025, which include comprehensive financial data such as profit and loss, financial position, changes in equity, and cash flows. This release provides stakeholders with insights into the company’s financial health and operational performance over the past year, potentially impacting investor confidence and strategic planning.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$3.65 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited announced it will report its Full Year Results on 21st August 2025, with a conference call hosted by CEO Jules Pemberton and CFO Peter Bryant. This announcement highlights the company’s commitment to transparency and continuous disclosure, potentially impacting its operations and stakeholder relations positively.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$3.82 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in NRW Holdings Limited as of July 23, 2025. This change is due to the purchase of securities by an entity controlled by Morgan Stanley, affecting various classes and numbers of fully paid ordinary shares. The announcement indicates a shift in the ownership structure of NRW Holdings, which may have implications for the company’s governance and investor relations.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$3.82 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
NRW Holdings Limited has announced that Mitsubishi UFJ Financial Group and First Sentier Investors have ceased to be substantial holders in the company as of July 23, 2025. This change in substantial holding may affect the company’s voting securities and potentially influence its decision-making processes, impacting stakeholders and the company’s market position.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$3.82 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.