Big River Q1 Revenue Up 10.5% to $117.6m, Margin 26.7%

Big River (ASX:BRI) released its AGM presentation with a first-quarter trading update, reporting revenue and gross margin growth despite soft residential markets.

Group revenue grew 10.5% to $117.6 million for the first quarter, which the company attributes to the addition of Johns Building Supplies and progress in strategic growth categories. Gross profit margin expanded 40 basis points to 26.7%, supported by a positive product mix, despite increased international container shipping costs and competitive market pressures. The company says improved revenue and margins, together with cost discipline, delivered double digit earnings growth in the first quarter. Cladding, bespoke decorative panels and high end plywood were on target for the quarter. The presentation restates FY26 revenue of $426.4m, up 5.3%, and Underlying EBITDA of $31.1m, up 8.4%. In its outlook, Big River expects Western Australia and South Australia to remain stronger markets and commercial activity to remain comparatively resilient.

The release gives no first-quarter earnings figure and no FY27 guidance. Residential activity remains soft and variable across regions, and New Zealand market conditions are expected to remain relatively soft over the next six months.