Austal's stock hits record high as yearly profit beats estimates

"With positive momentum at both USA and Australasia operations, revenue and earnings growth is anticipated for FY2026," it said.

Analysts at Citi noted that the business, "has an abundance of work with a lower than historical risk profile given greater contract diversity."

The firm did not declare a dividend for the year on Friday, stating the decision was, "to maintain balance sheet strength during significant capex program to increase shipbuilding capacity and capability."