Australian Treasurer Greenlights Hanwha’s 19.9% Stake in Austal Amid Defence Boom

• Hanwha’s direct shareholding in Austal rises to 19.9%, approved by Australian Treasurer
• Approval subject to strict conditions on access to sensitive information and board nominations
• Austal reports record FY25 revenue of $1.8 billion and EBIT of $113 million
• Order book exceeds $13 billion with strong growth prospects in US and Australasian defence markets