Austin Engineering Responds to ASX Aware Letter
Key points
- Provided details on earnings guidance and market expectations
- Explained when company became aware of variance from guidance
- Confirmed compliance with continuous disclosure obligations
Full summary
Austin Engineering Ltd (ANG) responded to an ASX Aware Letter regarding its half-year results for the period ended 31 December 2025. ANG had previously provided revised full-year revenue and underlying EBIT guidance for FY26 but not specific guidance for 1H26. The company explained that its earnings can vary substantially between halves due to the timing of contract orders. While 1H26 revenue was broadly in line with FY25, margins were affected by operational challenges in South America and North America, which flowed through to underlying EBIT. ANG first became aware with reasonable certainty on 25 February 2026 that its expected full-year earnings would vary from its earlier guidance, and promptly released this information to the market. The company confirmed it has complied with its continuous disclosure obligations under Listing Rule 3.1.
Guidance
ANG updated its FY26 guidance to revenue greater than $350m and statutory EBIT of $14m - $16m (excluding FX).
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