Austin Half Year 2026 Results & Guidance Update

• Group revenue $170.3 million, EBITDA $8.0 million, EBIT $3.0 million, NPAT $2.0 million
• Operating cash flow $6.6 million, order book $111 million
• Interim dividend of 0.3 cents per share declared

Austin Engineering Ltd (ASX: ANG) has reported its results for the first half of Financial Year 2026 (FY26 H1). Group revenue for the half was marginally down to $170.3 million (1H 25 $175.5 million), with falls in APAC (-12%) and South America (-11%) offset by a rise in North America (+12%). EBITDA of $8 million was down 63% and EBIT of $3 million was down 83% on the previous corresponding period. The reduction reflects a $4.1 million loss in Chile (inclusive of a $1.6 million onerous contract provision), margin compression in the US and Indonesia, offset by improved margins in Australia. Net profit after tax was $2 million. Operating cash flow improved to $6.6 million, up $11 million from an outflow of $4.4 million in FY25 H1, driven primarily by working capital improvements. Austin's order book at the end of the period was $111 million, impacted by the timing of major tray orders, especially in the US. Since January 2026, the Group has secured $51 million of new orders. The company has taken decisive action across the Group, including new leadership and operational improvements in Chile, productivity and efficiency initiatives in North America, and right-sizing in Indonesia. The company has updated its FY26 guidance, with revenue expected to be over $350 million and EBIT of $14 million to $16 million, excluding FX movements.

FY26 revenue of $350+ million and FY26 EBIT of $14 million - $16 million, excluding FX movement.

The company expects a return to both revenue and earnings growth for the APAC division in the second half, and a return to revenue growth and profitability in the South America region. The company is focused on restoring margins, improving cash generation and delivering consistent execution across its global operations.