Ann: NRW Half Year Results Release, page-3

Operating Outlook by Segment



Civil

In Western Australia, the Civil segment is well placed to secure work from its tier one customer base in the iron ore sector as they undertake previously announced capital expenditure programs.
The Civil segment is presently working on various tenders and ECI projects for iron ore sustaining and replacement tonnage developments.
These are major capital projects that the tier one miners are progressing to deliver replacement tonnage for depleting existing mines.
The number of carbon reduction projects in the resources sector is also growing which will create further opportunities for the Group.

In the public and private infrastructure sectors, the demand for housing, transport and urban infrastructure remains strong and continues to see record levels of activity.
There is a visible near-term pipeline of infrastructure projects and current tenders that are being pursued in Western Australia and Queensland.
In Queensland, the continuing public infrastructure expenditure programs, flood remediations and expected works that will precede the 2032 Brisbane Olympic Games support a strong outlook for continued growth opportunities.
Despite high interest rates, the southeast Queensland housing market is expected to remain robust.3
This resilience is fuelled by strong demand from interstate migration in anticipation of the 2032 games, significant housing undersupply, and the continued affordability of house and land prices compared to Sydney and Melbourne.

Full year revenue in Civil is projected to be significantly higher than prior year, with margin in line with current performance.
Work in hand currently totals $0.8 billion and there are current active tenders totalling circa $1.3 billion supporting the Company's view of the strong momentum in core major project opportunities and buoyant long-term outlook.