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How Did Bhagwan Marine Achieve Record Earnings and Declare Its First Dividend?

3:35am on Saturday 30th of August, 2025 AEST Marine Services
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How Did Bhagwan Marine Achieve Record Earnings and Declare Its First Dividend?

3:35am on Saturday 30th of August, 2025 AEST
Key Points
  • Record net revenue of $283 million, up 5%
  • Pro forma EBITDA surged 23% to $50.9 million
  • Inaugural fully franked dividend of 0.5 cents per share declared
  • Expanded fleet with Coral Knight acquisition and six-year Port of Melbourne contract extension
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