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Bhagwan Marine’s Profit Plunges 67% Amid $130M Riverside Acquisition Plans
8:18am on Thursday 26th of February, 2026 AEDT
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Marine Services
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Bhagwan Marine’s Profit Plunges 67% Amid $130M Riverside Acquisition Plans
8:18am on Thursday 26th of February, 2026 AEDT
Key Points
Revenue down 24% to $116.9 million
Net profit after tax falls 67% to $2.9 million
EBITDA margin improves to 19% despite lower earnings
Strong operating cash flow up 21% to $25.4 million
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BHAGWAN MARINE (ASX:BWN)
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