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Bhagwan Marine finds early FY27 lift in subsea and Riverside operations
8:18am on Friday 23rd of October, 2026 AEDT
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Marine Services
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Bhagwan Marine finds early FY27 lift in subsea and Riverside operations
8:18am on Friday 23rd of October, 2026 AEDT
Key Points
Q1 FY27 revenue of $81.3 million, up 32% year on year
Recurring revenue increased to 64% from 62% on a FY26 pro forma annualised basis
Two subsea contracts secured with combined value of approximately $9.5 million
Riverside Guardian contract carries a minimum value of approximately $5.8 million
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