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Bhagwan Marine Ltd. ( (AU:BWN) ) has issued an update.
Bhagwan Marine has flagged solid first-half FY26 performance, guiding to EBITDA of $21.8 million to $22.8 million from core operations, broadly in line with recent periods and underpinned by sustained demand across its key sectors and regions. The group generated markedly stronger free cash flow of $8.5 million to $9.0 million, cut net financial debt to $1.0 million, lifted capex to $12.5 million including growth investment, and, after paying a maiden fully franked dividend for FY25, plans an interim dividend for 1H26, signalling confidence in its balance sheet and cash generation as it pursues expansion in core and growth markets and seeks accretive opportunities to enhance shareholder returns.
The most recent analyst rating on (AU:BWN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Bhagwan Marine Ltd. stock, see the AU:BWN Stock Forecast page.
More about Bhagwan Marine Ltd.
Bhagwan Marine Limited is Australia’s largest listed marine solutions provider, servicing offshore energy, subsea, ports and inshore, and defence sectors. The company operates a diverse, multi-functional fleet and is the country’s largest in-house marine crewing provider, employing more than 1,000 professionals, including up to 200 qualified divers, and maintains long-standing partnerships with major energy and mining companies, construction firms and government agencies.
Average Trading Volume: 316,604
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$132.1M
For an in-depth examination of BWN stock, go to TipRanks’ Overview page.