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Highlights:
- ASB raises FY25 EBIT forecast from AUD 80 million to at least AUD 100 million
- Austal attributes EBIT uplift to accounting treatment on US submarine module contract
- Austal confirms audit underway, updated guidance subject to finalisation
Austal Limited (ASX:ASB) has announced an upward revision to its FY25 earnings guidance, lifting expected earnings before interest and tax (EBIT) to no less than AUD 100 million, up from the previously stated minimum of AUD 80 million. The update, released on 5 August 2025, follows an earlier guidance announcement made on 21 February 2025. The company stated that the upgrade primarily results from the finalisation of the accounting treatment for its submarine module manufacturing facility (MMF3) contract with General Dynamics Electric Boat, a deal first announced on 16 September 2024. The contract has now contributed positively to EBIT for the financial year ending 30 June 2025.
While Austal has cited operational performance as another factor in the revision, the company did not break out individual segment results or provide a detailed earnings breakdown in this update. The revised forecast remains unaudited, and Austal noted that the company’s FY25 statutory audit process is still underway. The new guidance is therefore subject to change pending the completion of audit procedures.
ASB is an Australian-headquartered global shipbuilder and defence contractor. Founded in 1988 and listed on the ASX, the company designs, builds, and maintains high-speed commercial and defence vessels. Austal has delivered over 350 ships to 122 customers across 59 countries. Austal operates shipyards in Australia, the United States, the Philippines, and Vietnam, and maintains service centres in multiple global locations. The company specialises in aluminium shipbuilding but also manufactures steel vessels and supports modular maritime defence projects, including submarine components.
The company is one of two foreign-owned prime contractors involved in shipbuilding programs for the United States Navy, where it participates in both conventional and autonomous vessel initiatives.
ASB shares were trading 5.53% higher at AUD 6.78 per share as of 5 August 2025.






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