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Austin Engineering Limited (ASX:ANG)

ALERT: Price-sensitive ASX Announcement for ANG
Current share price for ANG : $0.165 0.008 (4.76%)+
Announcement
Release
25 Aug 2026 8:17AM
Price at Release
$0.158
Full Release
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Summary
Austin Engineering Limited faced a challenging FY26 with a 12.7% decrease in Group revenue to $329.0 million and a significant drop in EBITDA and NPAT due to softer tray volumes and a problematic legacy OEM contract. However, the company implemented operational improvements, notably increasing productivity and cash flow management, leading to a significant cash flow increase. The APAC region remained a strong revenue source, while North America and South America struggled. No final dividend was declared to support capital preservation for operational resets and a more optimistic FY27 outlook, expecting an underlying EBIT between $17 million and $21 million.
Key Points
  • FY26 Group revenue was $329.0 million, a decrease from $376.7 million in FY25.
  • Group EBITDA for FY26 was $19.3 million, down from $41.7 million in FY25.
  • Net profit after tax (NPAT) decreased to $6.4 million from $26.3 million in FY25.
  • Operating cash flow increased significantly to $26.7 million in FY26 from $2.6 million in FY25.
  • The order book at 30 June 2026 was $132.9 million, down 9.5% from FY25.
  • No final dividend was declared for FY26 to preserve capital for FY27.
  • Austin expects FY27 underlying EBIT of $17 million to $21 million.
  • Operational improvements under the Operational Improvement Plan showed a productivity increase.
  • The APAC division was the largest revenue contributor in FY26, accounting for 44.7% of the Group revenue.
  • The North America division recorded a 13.5% revenue reduction from the prior year.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.