Key points
- Revenue from ordinary activities down 16.6% to $235.9M
- Statutory EBITDA down 15.3% to $42.5M
- NPAT down 101.6% to $(0.2)M
Full summary
Bhagwan Marine Ltd has announced its FY26 preliminary final report, showing a decline in revenue from ordinary activities by 16.6% to $235.9 million and statutory EBITDA down 15.3% to $42.5 million. The company also reported a net loss attributable to shareholders of $0.2 million, a 101.6% decrease from the previous year. Pro forma adjustments to EBITDA were made to better reflect underlying earnings. The company acquired Riverside Marine Holdings Pty Ltd during the reporting period. Further details are provided in the FY26 Annual Report.
Guidance
Revenue down 16.6%, EBITDA down 15.3%, NPAT down 101.6%
Outlook
Bhagwan Marine Ltd anticipates continued challenges in the marine sector but remains committed to its strategic initiatives to enhance operational efficiency and market positioning.