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Bhagwan Marine Limited (ASX:BWN)

ALERT: Price-sensitive ASX Announcement for BWN
Current share price for BWN : $0.278 -0.083 (-22.92%)+
Announcement
Release
12 May 2026 8:22AM
Price at Release
$0.360
Full Release
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Summary
Bhagwan Marine Limited has provided an update on its FY26 earnings outlook, anticipating EBITDA in the range of $38.5m to $40.5m, excluding Riverside Marine's contributions. The acquisition of Riverside Marine is expected to contribute positively, raising consolidated EBITDA projections to between $44.5m and $46.5m. Despite geopolitical tensions in the Middle East causing project delays, the company remains resilient with plans for margin expansion and disciplined cost management. The financial results for FY26 are expected to be released on August 27, 2026.
Key Points
  • Bhagwan Marine expects FY26 EBITDA between $38.5m to $40.5m, excluding Riverside Marine's contributions.
  • Consolidated EBITDA with Riverside Marine is expected to be $44.5m to $46.5m.
  • Current geopolitical issues in the Middle East have caused project delays, but demand remains strong.
  • Riverside Marine's charter business has faced similar delays, but their other operations are on track.
  • Bhagwan Marine's acquisition of Riverside Marine is expected to boost growth and cash flow.
  • The company is focused on margin expansion, cost discipline, and cash generation.
  • Fuel cost management is in place with pass-through provisions and pricing adjustments.
  • The financial results for FY26 will be released on August 27, 2026.
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.