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Bhagwan Marine Limited (ASX:BWN)

ALERT: Price-sensitive ASX Announcement for BWN
Current share price for BWN : $0.285 0.01 (3.64%)+
Announcement
Release
3 Aug 2026 8:38AM
Price at Release
$0.275
Full Release
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Summary
Bhagwan Marine Limited has reaffirmed its expected FY26 EBITDA range, highlighting strong cash generation and effective capital management. The company's projected FY26 EBITDA is anticipated to be between $38.5 million and $40.5 million, excluding contributions from Riverside Marine and acquisition costs. Riverside Marine's contribution is expected to be between $24.5 million and $25.0 million, significantly enhancing Bhagwan Marine's performance. The combined FY26 EBITDA, including Riverside Marine's fourth-quarter contribution, is projected to be between $44.5 million and $46.5 million. This performance demonstrates the company's resilience amidst market disruptions and reflects its strategic focus on integrating Riverside Marine and expanding its market presence. Bhagwan Marine's extensive fleet and strategic positioning in key marine hubs across Australia provide a competitive edge, supporting long-term business growth and market expansion.
Key Points
  • Bhagwan Marine reaffirms FY26 EBITDA range.
  • FY26 EBITDA expected to be between $38.5 million and $40.5 million, excluding Riverside Marine.
  • Riverside Marine's pro forma FY26 EBITDA expected between $24.5 million and $25.0 million.
  • Combined FY26 EBITDA including Riverside's contribution expected between $44.5 million and $46.5 million.
  • Strong cash generation and disciplined capital management highlighted.
  • Strategic integration of Riverside Marine enhances performance.
  • Competitive advantage through extensive fleet and key market presence.
  • Focus on sustainable earnings growth for shareholders.
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.