• A strong business performance with year-on-year improvement and foundation laid for growth
• Delivering on financial expectations with EBIT doubled, secure order book, and balance sheet repositioned for major expansion
• Building sustainable growth through options being converted to orders, growth in submarine module production, and funding of new facilities

Austal Ltd reported a strong business performance in FY2025, with revenue of A$1.8 billion, EBIT of A$113.4 million, and an order book of A$13.1 billion. The company delivered on its financial expectations, with EBIT doubling, improved performance across key metrics, and an excellent cash outcome from operational performance, an equity raise, and debt refinancing. Austal's balance sheet has been repositioned for major expansion, with options being converted to orders, growth in submarine module production, and the funding and construction of new facilities to support future growth. The company has also signed a Strategic Shipbuilding Agreement with the Commonwealth of Australia, establishing Austal Defence Australia as the strategic shipbuilder for surface combatant vessels. Austal is also making progress on its environmental, social, and governance (ESG) goals, embedding technologies to improve energy efficiency, enable alternative fuels, and support greater vessel autonomy, as well as building sustainability into its supply chain and leading the development of the Centre of Excellence for Additive Manufacturing for the US Navy. The company's outlook is positive, with the AUKUS agreement, order book growth, continued investment in modern facilities, and the strong defence spending trend in the US and Australia providing opportunities for further growth.

EBIT Guidance for FY26 is $135m, driven by the record order book, increased orders anticipated through the Strategic Shipbuilding Agreement, and increased volume of work in Asia.

Austal's strategic outlook is positive, with key growth pillars including the AUKUS agreement, order book growth, continued investment in modern facilities, revenue and earnings growth, the defence spending trend, and opportunities in technology and sustainment. The company is well-positioned to capitalize on the strong defence spend anticipated in the US and Australia, with growing global tensions.