ANG.ASX: FY26 Trading and Guidance Update

FY26 Trading and Guidance Update

Stock	Austin Engineering Ltd (ANG.ASX)
Release Time	16 Jun 2026, 1:30 p.m.
Price Sensitive	Yes

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Austin Engineering Updates FY26 Guidance

Key Points

FY26 revenue guidance revised to $325 million
FY26 EBIT guidance revised to $10-$11 million
Operational challenges in North and South America

Full Summary

Austin Engineering Ltd provided an update on its FY26 trading performance, revising its revenue guidance to around $325 million and EBIT guidance to $10-$11 million, both excluding FX movements. The revision is primarily due to operational challenges in North and South America and delayed product deliveries expected in FY27. Despite improved trading conditions in May and June, operational improvements have been slower than anticipated, leading to deferred sales and deliveries. North America's productivity has increased to 75%, but further improvements are needed. South America's performance remains below expectations, prompting additional operational expertise mobilization. Asia Pacific continues to perform as expected.

Guidance

FY26 revenue guidance revised to $325 million, EBIT guidance to $10-$11 million

Outlook

The company is taking actions to improve operational performance and expects better results in FY27.