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.
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