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FY2021 HALF YEAR FINANCIAL RESULTS

NRW Holdings is pleased to announce the results for the half year ending December 31, 2020.

Key highlights include revenue increase up 44% to $1,168M and the Primero takeover – moving to compulsory acquisition which delivers a step change in scale and diversity to NRW’s Minerals, Energy & Technologies pillar.

Commenting on the results Jules Pemberton, NRW’s CEO and Managing Director, said “Our entire workforce has continued to work hard every day around the nation despite the different challenges we have faced state by state through the consequences of full lockdowns and partial lockdowns, but in particular the border closure impact which has limited our access to resources through what has probably been the busiest six months in NRW’s history.

Despite these restrictions the Company has delivered a record first half revenue, increased earnings and maintained its fiscal discipline by once again delivering a strong cash conversion.

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