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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Austal
Austal (ASB) investor relations material
Austal AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2026 summary27 Oct, 2026
Opening remarks and agenda
In-person shareholders and proxies attended; webcast viewers could listen and view materials but could not ask questions, comment, or vote.
FY2026 reports were reviewed before resolutions were considered by poll, with shareholder questions invited before each vote.
Financial performance review
FY26 revenue was AUD 2.03bn, up 11% YoY; EBIT loss was AUD 125.2m, NPAT loss AUD 53.6m, and net cash AUD 186.3m.
The order book, including options, reached AUD 16.5bn, up 27% YoY; ~75 ships were under construction or scheduled.
US segment revenue was AUD 1,382.6m with an EBIT loss of AUD 202.8m; Australasia revenue rose 49% to AUD 650.7m, with EBIT of AUD 85.3m.
Australasia shipbuilding revenue was AUD 447.9m and support revenue AUD 202.7m, with EBIT margins of 12.4% and 14.7%, respectively.
Liquidity included AUD 435m in cash and undrawn facilities; management forecast Australasia EBIT growth above 30% and withheld US guidance amid contract issues.
Board and executive committee updates
Richard Spencer introduced directors Lee Goddard, Kath Toohey, Brent Cubis, Richard Gibb and Sue Murphy, along with CEO Paddy Gregg; Goddard stood for reelection.
Sue Murphy chairs the Risk and Audit Committee; Kath Toohey chairs the Nomination and Remuneration Committee.
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Latest events from Austal
- Revenue up 11%, but US contract provisions drove losses; strong order book supports outlook.ASB
H2 2026 - Record $14.2B orderbook and facility upgrades drive robust growth outlook and rising profitability.ASBCompany Presentation
- Revenue up 34% to $1.1B, record order book, strong growth, but US contract risks flagged.ASBH1 2026
- Secured ~$4B contract for eight Landing Craft Heavy vessels, boosting jobs and defence capability.ASBTrading update
- Record profits, a $13B order book, and long-term shipbuilding deals drive future growth.ASBAGM 2025
- EBIT and net profit soared as revenue rose 24.1% and the order book hit A$13.1bn.ASBH2 2025
- Leadership change, financial rebound, and record order book drive strategic growth.ASBAGM 2024
- EBIT rebounded to $56.5M on strong US programs and support, with a $12.7B order book.ASBH2 2024
- Revenue up 15%, NPAT doubled, and record $14.2b order book support upgraded EBIT guidance.ASBH1 2025
Next Austal earnings date
H1 202721 Feb, 2027
Austal
Next Austal earnings date
H1 202721 Feb, 2027
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Frequently asked questions
Austal Limited is an Australian-based global shipbuilding company and defence prime contractor, specializing in the design, construction, and support of defence and commercial vessels. The company’s diverse product portfolio includes passenger and vehicle-passenger ferries, patrol boats, high-speed support vessels, surface combatants, and multi-role vessels. Austal’s capabilities extend to comprehensive vessel maintenance and management services worldwide. The company is headquartered in Henderson, Western Australia, and its shares are listed on the Australian Securities Exchange.