Australia · Delayed Price · Currency is AUD Austin Engineering Earnings Call Transcripts
Fiscal Year 2026
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Revenue for key months is shifting into the next financial year due to schedule drift, mainly in the Americas, while APAC remains strong. Operational improvements are underway, especially in Chile, and profitability is expected for FY2024 with positive free cash flow. A unified financial system rollout and increased transparency are planned.
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Revenue declined 3% to AUD 170.3 million with net profit after tax at AUD 2 million, impacted by operational inefficiencies and a loss-making OEM contract in Chile. Guidance for FY 2026 is revised to revenue above AUD 350 million and EBITDA of AUD 14–16 million, with a stronger second half expected.
Fiscal Year 2025
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The AGM highlighted strong revenue growth but noted margin pressures and a downward revision of FY26 guidance due to operational challenges, especially in Chile and Indonesia. Shareholders raised concerns about remuneration, governance, and transparency, while management outlined strategic initiatives and corrective actions.
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Revenue grew 22% to $376.7M, with strong gains in North America and APAC, while South America faced margin pressures from a large OEM contract. FY 2026 guidance targets $390–$410M revenue and $40–$46M EBIT, with operational improvements and Chile recovery in focus.
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Revenue grew 18.5% to AUD 170.2 million, with strong gains in APAC and the US, and underlying EBIT up 22%. Steel inventory build and one-off costs impacted cash flow, but both are expected to normalize in H2. Guidance for FY2025 is reiterated, with a robust order book and margin improvements ahead.
Fiscal Year 2024
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Record FY 2024 results with revenue up 21% and EBITDA up 49%, driven by broad-based growth and efficiency gains. FY 2025 guidance targets 12% revenue growth and 30% EBIT growth, supported by a record order book and strong market demand.