How PARKD’s $1M Raise and McNab Pilot Could Transform East Coast Construction

Strategic Capital Raise Fuels Expansion

PARKD Limited, a specialist in modular building solutions, has taken significant strides in the first quarter of fiscal 2026 by securing $1 million in fresh capital. This funding, raised through a $780,000 placement and a $220,000 share purchase plan, is earmarked to accelerate the company’s expansion into the East Coast market. Notably, the placement attracted participation from McNab Group, a leading construction firm, signaling strong industry endorsement.

Exclusive Partnership with Fielders Strengthens National Reach

Central to PARKD’s growth strategy is its exclusive national prefabrication agreement with Fielders, a division of BlueScope Steel. This partnership grants PARKD sole rights to assemble and deliver the integrated SlimDek210® and MDSB® modular flooring systems across Australia. The collaboration leverages Fielders’ manufacturing scale and distribution network, enabling streamlined supply and quality control nationwide.

New Prefabrication Facility Anchors East Coast Operations

To support its East Coast ambitions, PARKD secured a strategically located prefabrication facility in Penrith, NSW, adjacent to Fielders’ manufacturing operations. This proximity facilitates just-in-time delivery of modular components, reducing logistics costs and lead times. The facility is poised to serve burgeoning sectors such as data centres and multi-storey self-storage, where demand for efficient, safe, and rapid construction methods is intensifying.

Pilot Project with McNab Group Validates Market Entry

PARKD’s first East Coast pilot project, awarded by McNab Group in Queensland, represents a critical test of its modular system’s commercial viability outside Western Australia. Scheduled for delivery in Q2 FY26, the project will deploy PARKD’s patented Continuously Voided Beam (CVB®), metal decking support brackets (MDSB®), and Instant Edge Protection System (PIEPS®). Success here could unlock broader adoption across McNab’s portfolio and beyond.

Financial Position and Outlook

Despite operating cash outflows of $391,000 during the quarter, PARKD closed with $786,000 in cash reserves, bolstered by the recent capital raise. The company maintains a prudent approach to dilution while positioning itself to capitalize on multiple upcoming projects. Management anticipates that ongoing contract wins and operational efficiencies will improve cash flow in subsequent quarters.