Latest Subsea Industry News

Matrix Composites & Engineering Ltd delivered a solid FY25 with $74.8 million revenue driven by subsea buoyancy demand, underpinning a $5.0 million underlying EBITDA. The company’s $57 million subsea order book and recent $45 million SURF awards set a promising stage for FY26 growth.

Matrix Composites & Engineering has landed a significant A$35 million subsea buoyancy contract with a major international energy services firm, underpinning its growth trajectory into FY2026.