Australia's Austal posts better-than-expected annual profit; stock hits record high

ReutersAug 29, 2025 12:49 AM

Aug 29 (Reuters) - Australia's Austal ASB.AX reported a six-fold increase in its annual profit on Friday, boosted by higher U.S. shipbuilding contracts, sending its shares to a record high.

The shipbuilder and defence vessel maker posted net profit after tax of A$89.7 million ($58.3 million) for fiscal 2025, up from year-ago A$14.9 million and above Visible Alpha consensus estimate of A$67.9 million.

Shares of the company rose as much as 19.6% to a record A$8.070 by 0043 GMT.

($1 = A$1.5389)

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

Tesla Q1 Profit Beats Wall Street Expectations, Musk’s $25 Billion Capital Expenditure Plan Cools Market

TradingKey - Tesla (TSLA) released its first-quarter 2026 earnings report after the market close on April 22 ET, providing a brief boost to its recently sluggish stock price. However, market concerns were subsequently triggered by the company's capital expenditure plans.

Today’s Market Recap: Nasdaq Hits Record High as Tech Rallies on AI Growth; Tesla Q1 Beats Estimates Amid Spending Surge

Nasdaq Record High, Tesla’s Spend Warning, Alphabet and Coinbase Lead Gains, and the $160B Tariff Refund Standoff

SK Hynix Q1 2026 Earnings Preview: Memory Chip Prices Surge, Profit Set to Double

TradingKey - Memory giant SK Hynix is set to disclose its first-quarter fiscal 2026 results on Thursday, with the market holding high expectations for its performance.

Meme Stocks Reappear. Avis Shares Reach New Highs Amid Short Squeeze. Can Retail Investors Still Buy?

TradingKey - U.S. car rental giant Avis (CAR) is replicating the concentrated capital short squeeze seen with GameStop (GME). Over the past six weeks, Avis's stock price has surged from the $100 range to an all-time high of $713.97, representing a cumulative gain of over 200%. On April 21, the stock

Tesla Q1 2026 Earnings Preview: 50,000-Unit Inventory Overhang, Energy Storage Halved, 5 Core Metrics Long-Term Investors Should Really Watch

Tesla’s Q1 2026 earnings will be released on April 22. With Q1 deliveries at 358,023 units, inventory surging by 50,363 units, and energy storage nearly halved from 14.2 GWh to 8.8 GWh, analyst target prices show a five-fold discrepancy, ranging from $119 to $600. For long-term investors, this article deconstructs five core metrics that will determine the success of the company's transformation: the 17.9% automotive gross margin floor, management’s explanation for energy storage performance, the $20 billion CapEx guidance, the 1.1 million FSD subscription structure, and the inaugural disclosure of Robotaxi operational data.

Featured Tools