BWN.ASX: Bhagwan Marine Reaffirms Expected FY26 Earnings

Bhagwan Marine Reaffirms Expected FY26 Earnings

Stock	Bhagwan Marine Ltd (BWN.ASX)
Release Time	3 Aug 2026, 8:38 a.m.
Price Sensitive	Yes

This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA. The summaries are generated by large language models so please interpret with care.

Bhagwan Marine Reaffirms FY26 Earnings

Key Points

FY26 EBITDA expected between $38.5M and $40.5M
Riverside Marine's Q4 FY26 EBITDA estimated at $5.75M-$6.25M
Pro forma FY26 EBITDA for Riverside Marine at $24.5M-$25.0M
Bhagwan continues strong cash generation
Net financial debt at $74.5M as of 30 June 2026

Full Summary

Bhagwan Marine Limited, a leading Australian marine solutions company, has reaffirmed its expected FY26 EBITDA range of $38.5 million to $40.5 million, excluding contributions from Riverside Marine and acquisition costs. The company also anticipates Riverside Marine's Q4 FY26 EBITDA to be between $5.75 million and $6.25 million. Pro forma FY26 EBITDA for Riverside Marine is expected to be in the range of $24.5 million to $25.0 million. Bhagwan continues to generate free cash flow, reflecting disciplined capital management. Net financial debt was $74.5 million at 30 June 2026.

Guidance

FY26 EBITDA: $38.5M - $40.5M, Riverside Marine Q4 FY26 EBITDA: $5.75M - $6.25M

Outlook

Bhagwan Marine remains focused on disciplined execution of strategy, integration of Riverside Marine, expanding margins, generating free cash flow, and delivering sustainable earnings growth.