Bhagwan Marine Full Year 2025 Earnings: EPS Misses Expectations

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Bhagwan Marine (ASX:BWN) Full Year 2025 Results

Key Financial Results

  • Revenue: AU$283.0m (up 5.3% from FY 2024).
  • Net income: AU$12.5m (up 125% from FY 2024).
  • Profit margin: 4.4% (up from 2.1% in FY 2024). The increase in margin was driven by higher revenue.
  • EPS: AU$0.047 (up from AU$0.037 in FY 2024).
revenue-and-expenses-breakdown
ASX:BWN Revenue and Expenses Breakdown September 2nd 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bhagwan Marine EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.3%.

The primary driver behind last 12 months revenue was the Offshore Energy Services segment contributing a total revenue of AU$112.9m (40% of total revenue). Notably, cost of sales worth AU$222.8m amounted to 79% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to AU$28.1m (59% of total expenses). Explore how BWN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Infrastructure industry in Australia.

Performance of the Australian Infrastructure industry.

The company's shares are up 1.9% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Bhagwan Marine that you need to take into consideration.

Valuation is complex, but we're here to simplify it.

Discover if Bhagwan Marine might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

Access Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

About ASX:BWN

Bhagwan Marine

A marine services company, owns and operates a range of vessels providing marine solutions for the offshore energy, subsea, ports and inshore, and defense sectors in Australia.

Excellent balance sheet and good value.

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