Companies / NWH

NRW HOLDINGS LIMITED

ASX:NWHCapital Goods
459.5M shares on issueASX (delayed) · snapshot 11 Sept 2026464.0M fully diluted+1.0% if every option and right converts$7.78price · delayed$3.57Bmarket cap · indicative

Today’s holders own 99.0% of what they think they own, once every option and right converts.

Minimal
Dilution risk

1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)1.0%
Raise cadence (24m)1 cash raise
Options & rights overhang1.0% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

NRW HOLDINGS LIMITED's ordinary share count was 459M as of September 2025, up 1.0% since July 2024. The company completed one capital raise in the past 24 months, a A$480K placement in March 2025. Options and rights on issue could convert into 5M new shares, representing 1.0% of the current share count; no expiry date for these securities is on record, and 0% are in the money. The company does not have a current quarterly cash report on record, therefore no cash balance or funding runway figure is available. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 1 Sept 2026
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1.0%
Options & rights overhang
In-the-money supply · no stated strikes
0
Raises · last 12 months
Cash cover · not a quarterly filer

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 459.5M per ASX (delayed) (snapshot 11 Sept 2026).
457.5M458.0M458.5M459.0M459.5MDec 24Oct 25Sept 26Cash raise · 24 Mar 2025459.5M

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
11 Aug 20263G · unquotedORDINARY FULLY PAID459.5MAppendix 3G
12 Oct 20253G · unquotedORDINARY FULLY PAID459.5MAppendix 3G
30 Sept 20252A · quoted issueNWH : ORDINARY FULLY PAID459.5MAppendix 2A
16 Apr 20252A · quoted issueNWH : ORDINARY FULLY PAID457.4MAppendix 2A
3 Dec 20243G · unquotedNWH : ORDINARY FULLY PAID457.2MAppendix 3G
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7 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

1 cash raise in the last 24 months · 0 in the last 12 months

$480k
Placement
24 Mar 2025
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1 raise on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

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Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

1.0%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
4.5M
Potential new shares
Nearest expiry
What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 4.5M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
NWHABPerformance rightsCondition-triggered4.5MFiling Meeting

“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

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1 option line on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
27 Feb 2026Michael Norman ArnettSell on-market$1.9M3Y notice
20 Feb 2026Fiona Jane MurdochSell on-market$229k3Y notice
21 Oct 2025Michael Norman ArnettSell on-market$548k3Y notice
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10 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.