• Revenue of $825.7 million, up 15.1% driven by US shipbuilding
• EBIT of $42.7 million with improved margins of 5.2%
• Net cash position of $212.6 million, up $209 million

Austal Ltd has released its financial results for the first half of the 2025 financial year, reporting strong growth in earnings. The company recorded Earnings Before Interest and Tax (EBIT) of $42.7 million, up 33% from the prior corresponding period, on revenue of $825.7 million, a 15.1% increase. The growth in earnings was driven by an increase in revenue from the company's US shipbuilding operations and a recovery in Australasian shipbuilding. Austal's net cash position improved significantly to $212.6 million, up $209 million, primarily due to milestone payments received for the expansion of its submarine module production capacity in the US. The company was awarded two major infrastructure contracts totaling around US$600 million to support the US Navy's submarine programs. Austal's order book reached a record $14.2 billion, including recent contract awards. The company expects FY2025 EBIT to be not less than $80 million, supported by continued strong performance in the US and Asia, as well as potential upside from the recent US$450 million submarine module construction contract.

Austal expects FY2025 EBIT to be not less than $80 million, supported by continued strong performance in the US and Asia, as well as potential upside from the recent US$450 million submarine module construction contract.

Austal ended FY2025 H1 in a strong position to deliver continued revenue and earnings growth in FY2025 and beyond, with a record order book of $14.2 billion. Completion of the Strategic Shipbuilding Agreement and any subsequent award of Australian defence future programs would provide considerable upside.