Big River Industries Ltd (FRA:BQ3)

Full Year 2026 Big River Industries Ltd Earnings Call Transcript

Aug 24, 2026 / 01:00 AM GMT

Release Date Price: €0.82 (+1.23%)

Transcript

Key Points

Positve

Group revenue increased 5.3% to $426.4 million, with underlying EBITDA up 8.4% to $31.1 million, marking a return to full-year earnings growth.
Gross profit margin improved by 30 basis points to 26.5%, driven by disciplined pricing, better product mix, and procurement initiatives.
Cash conversion was strong at 101.5%, and net working capital to revenue improved to 15.9% from 17.7%.
Gearing reduced to 17.9% from 20.1%, despite funding the JBS acquisition, and the balance sheet remains flexible for future investments.
The JBS acquisition performed ahead of expectations, contributing $25.2 million in revenue and $3.1 million in EBITDA during the partial ownership period.
Safety metrics improved significantly, with lost time injury frequency rates down to 4.2 from 5.8 and total recordable injury frequency rates down to 14.4 from 38.6.

Negative

Like-for-like revenue declined approximately 1%, reflecting continued softness in residential construction markets.
Panels division EBITDA declined 8.9% to $12.3 million due to competitive pricing, product mix pressures, and softness in New Zealand and the recreational vehicle market.
Operating expenses increased by 5.8% (2.8% on a like-for-like basis), partly due to inflation and investment in group capability.
The company remains cautious about the speed of residential recovery, citing affordability pressures, project delays, and construction capacity constraints.
The outlook for FY27 does not assume a strong residential market, with expectations of variable conditions and subdued overall market growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BRI.AX - Big River Industries Ltd
Full Year 2026 Big River Industries Ltd Earnings Call
Aug 25, 2026 / 01:00AM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by and welcome to the Big River Industries Limited FY 2026 full year results. All participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to. Mr. John Laurenti, Chief Executive Officer. Please go ahead.

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Unidentified_2 [2]
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Thank you, Saranju, and thank you to everyone who has joined us today. My name

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