Acrow (ASX:ACF) said it expects revenue for the first half of fiscal 2025 to range from AU$125 million to AU$130 million, 26% higher than a year earlier, according to a Tuesday filing with the Australian bourse.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) are expected to be AU$38.5 million to AU$39.5 million, up 11% from the same period a year earlier.
The forecast was made following a 57% increase in contract wins in the four months ended Oct. 31 to AU$33.8 million and a 5% growth in projects in the pipeline to AU$198 million, the infrastructure firm said in the filing.
For fiscal 2025, Acrow expects revenue in the range of AU$265 million to AU$280 million and EBITDA of AU$82 million to AU$88 million, up 27% and 14%, respectively, from a year earlier, the filing added.
The company's shares were down almost 1% in recent Tuesday trade.
Price (AUD): $1.10, Change: $-0.01, Percent Change: -0.91%
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