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Why Did Austal Slash FY2026 EBIT Guidance by A$25 Million?
8:04pm on Thursday 12th of February, 2026 AEDT
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Industrial Manufacturing
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Why Did Austal Slash FY2026 EBIT Guidance by A$25 Million?
8:04pm on Thursday 12th of February, 2026 AEDT
Key Points
US$17.1 million incentive overstatement identified in Austal USA
Overstatement previously included in FY2026 EBIT guidance
FY2026 EBIT guidance revised down to approximately A$110 million
Adjustment relates to T-ATS program incentives recognised on percentage of completion basis
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