• FY25 revenue guidance increased to ~$370 million, up ~18% vs FY24
• FY25 underlying EBIT guidance revised to ~$41 million, up ~8% from FY24
• Strong performance in the Americas, with revenues in USA and Chile expected to rise sharply

Austin Engineering Limited (ASX: ANG) has provided an update to its trading performance for the financial year 2025 (FY25). The company has increased its guidance for FY25 revenue to approximately $370 million, up from the $350 million forecast in its most recent guidance. This represents an expected increase of ~18% compared to FY24 revenue. Austin has also revised its guidance for FY25 underlying EBIT from approximately $50 million to circa $41 million, or up ~8% from FY24. The forecast group revenue increase is due to continued strong performance in the Americas, with revenues in the USA and Chile expected to be up sharply in FY25 driven by strong local and international market forces in supportive jurisdictions. Higher orders in the USA have been enabled following the previously announced expansion in manufacturing capacity, which was largely in place and operational by the end of April 2025. The company is now focused on improving plant efficiency, which is expected to result in margin increases in the future. In Chile, Austin won a strategically important and potentially multi-year contract for the supply of truck bodies, which has been demanding and necessitated a major ramp-up, straining the capacity of the facility. Discussions on price variations have been unsuccessful, and Austin now intends to redirect a significant proportion of production fulfillment for this contract to its manufacturing facility in Batam, Indonesia. This is expected to progressively allow for an improvement in the project margin in parallel with the development of the Chile site facility. However, in the short term, this has led to the adjustment in the underlying FY25 EBIT forecast. The APAC business continues to deliver strongly, with revenue up in the second half compared to H1 FY25 and margin in line with Austin's target range, following the completion of capacity expansion and business improvement carried out in previous years.

FY25 revenue guidance increased to ~$370 million, up ~18% vs FY24. FY25 underlying EBIT guidance revised to ~$41 million, up ~8% from FY24.

The company remains confident about the potential size and longevity of the contract in Chile and the potential for future profitable revenue growth. Austin is committed to improving operational efficiencies in this business unit to achieve better margins.