Australian shipbuilder Austal hits record high on strong annual results

Austal

29/08/2025 01:32

** Shares of Austal ASB.AX rise as much as 19.6% to a record high of A$8.070

** Stock logs its biggest intraday pct gain since September 16, 2024

** The Australian shipbuilder reports annual net profit after tax of A$89.7 million ($58.29 million)

** Co also logs full-year revenue of A$1.82 billion, a 24% rise y/y

** Stock up 151% this year, including the day's move

($1 = 1.5389 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))