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Bhagwan Marine Eyes $46.5m EBITDA, Navigates Geopolitical Delays with Riverside Boost
8:48am on Tuesday 12th of May, 2026 AEST
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Marine Services
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Bhagwan Marine Eyes $46.5m EBITDA, Navigates Geopolitical Delays with Riverside Boost
8:48am on Tuesday 12th of May, 2026 AEST
Key Points
FY26 consolidated EBITDA guidance $44.5m-$46.5m excluding acquisition costs
Middle East conflict causes timing delays, not structural demand shifts
Riverside Marine acquisition adds $5.75m-$6.25m EBITDA in 4Q FY26
Recurring revenue expected to rise from 40% to 50%
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