Austin Engineering (ASX:ANG) Sees Momentum in Americas, Targets $350M Revenue in FY25

Tue 27 May 25, 06:04 AM | Team Kalkine

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Highlights

Austin Engineering posted an 18.5% YoY revenue increase in H1FY25, with underlying EBITDA and NPAT growing 22% and 16%, respectively.

The company is projecting a 12% rise in FY25 revenue and a 30% surge in EBIT, backed by order book and international demand.

A CEO transition is set for July 2025, while Thorney Investment Group has increased its stake.

Austin Engineering Limited (ASX:ANG) is an international engineering company that manufactures and designs hauling and loading solutions. For the six months ending 31 December 2024 (H1FY25), Austin Engineering delivered:

Revenue: AUD 170.2 million, up 18.5% YoY from AUD 143.6 million in 1HFY24.
Underlying EBITDA: AUD 25.3 million, marking a 22% increase from AUD 18.5 million in the previous corresponding period.
Underlying NPAT: AUD 17.4 million, rising 16% (AUD 15 million) from the prior year.

Half-yearly growth was driven by North and South America, where OEM orders rose by 8%. Net interest expenses also declined by 10%, further enhancing profitability.

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