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National fitout and construction group SHAPE Australia Corporation (ASX: SHA) is forecasting a breakout FY26 performance, flagging a 47 per cent increase in net profit thanks to record project wins of more than $1.16 billion.
The Sydney-based group estimates it will report net profit after tax of $30 million to $32 million for FY26, up about 47 per cent on the prior year's $21.1 million.
Shares in the group were trading more than 11 per cent higher at $7.48 at 11.11am in a broadly lower market following the news.
A business update issued by SHAPE today projects full-year revenue of $1.175 billion to $1.225 billion, representing growth of about 22.8 per cent on FY25 revenue of $956.9 million.
The company's backlog of orders in hand has swollen to more than $680 million, up from $492.4 million at the end of FY25, while its forward pipeline of identified opportunities sits at $4.2 billion.
The results are being driven by a deliberate push into new sectors, the scaling of modular construction operations and the integration of the Arden Group acquisition that completed on 1 January 2026.
SHAPE paid an upfront $25 million for Arden with up to $7 million in earnout payments, in a deal valued at up to $32 million.
The group says its sector diversification strategy has materially shifted SHAPE's revenue mix.
Education work now accounts for 22 per cent of revenue, up from 12 per cent in FY25, while data centres have grown from less than 1 per cent to more than 10 per cent.
The company has also secured more than $65 million in aged care project wins during the year.
SHAPE's modular construction division has more than doubled revenue to more than $63 million, up from $30.6 million in FY25, as the company scales factory-built solutions across commercial fitout and healthcare projects.
Headcount has climbed past 850, up from 686, reflecting both the Arden integration and organic growth across the business.
CEO Peter Marix-Evans says the company's short-duration project model and shared risk profile with its supply chain and clients continues to underpin resilient performance.
"Our resilient business model, with a strong weighting towards shorter-duration projects, combined with our focus on maintaining a shared risk profile with both our supply chain and clients, minimises potential impacts from cost escalation pressures," says Marix-Evans.
"In addition, our strong and diversified pipeline of more than $4.2 billion enables SHAPE to remain selective, pursuing only the highest-quality opportunities and underpinning our continued growth trajectory into FY27.
"Through our deliberate sector and capability diversification strategy, SHAPE continues to strengthen its project portfolio while building the foundation for improved margins as we scale."
Marix-Evans says the Arden acquisition has been "seamless", with both businesses cross-selling opportunities and the new business unit performing in line with expectations.
SHAPE operates across commercial fitout, building, modular construction, and essential services for clients spanning retail, corporate, government, healthcare, education, and industrial sectors.
The company has delivered projects for major institutional clients including banks, universities, and government agencies across every Australian state and territory.
Full audited results for the year ending 30 June 2026 are scheduled for release on 19 August 2026.
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