Austin Engineering expects another strong year of revenue growth in FY2026 after expansion in North America underpinned a 22.2% year-on-year increase to A$376.7 million in FY25.
The Australian-based manufacturer expects FY26 underlying EBIT to come in between $40-46 million after hitting $45.9m in FY25.
“Our North American operational expansion has been particularly successful, delivering a 54% increase in [FY25] revenue to $146.8 million, while our Asia Pacific division achieved improved margins from 11% to 19%, demonstrating the effectiveness of our operational strategy,” Austin CEO Sy Van Dyk said.
“The successful transition of our tray manufacturing operations from Australia to Indonesia, which is now fully operational, has been an example of our commitment to operational efficiency and strategic positioning.”
Austin notched up 500 mine high-performance dump-truck trays delivered and on order in FY25. Mine truck tray and bucket sales account for nearly 80% of its revenue. Van Dyk said the company saw significant FY25 growth in iron ore, copper and oil sands.
Austin’s FY25 net profit after tax (NPAT) rose to $26.3m from $24.3m in FY24.
Its order book at the end of June 2025 was $146.9m, down 21.3% yoy, while net debt at the end of FY25 was $12.8m compared with a $9.6m net cash position at the end of FY24.
ASX-listed Austin’s share price is down about 19% in the past month, giving it a market capitalisation of about $185 million.
