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flag Austal's strong revenue and profit growth were overshadowed by share drop due to margin worries, accounting error, and cash flow issues.

flag Austal reported a 34.4% revenue rise to A$1.1 billion and a 21.4% profit increase for the six months ending December 2025, driven by strong Australasian operations and a record A$17.7 billion order book. flag Despite the gains, shares dropped 10.95% on February 23, 2026, amid concerns over margin pressures, a revised EBIT forecast of A$110 million due to an accounting error, and a decline in net cash from heavy capital spending. flag The company forwent an interim dividend and faces scrutiny over uncollected U.S. government payments and foreign ownership limits.

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