Austal Limited (ASB) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Oslo Limited FY26 half year results call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks there will be a question and answer session. If you would like to ask a question during this time simply press star followed by the number 1 on your telephone keypad. If you would like to withdraw your question press the star 1 again. For operator assistance throughout the call please press star 0 and finally I would like to advise all participants that this call is being recorded. I'd now like to welcome Paddy Gregg, Chief Executive Officer to begin the conference. Paddy, over to you. Good morning, everybody, and welcome to our 2026 Happier Results Call. I'm Paddy Gregg, the CEO, and I'm joined by our CFO, Christian Johnson. We will be presenting in the same format as usual with me giving business overview and context while Christian focuses on the financial details. And as always, we plan to present for no more than 30 minutes till our time for questions. I think it's been a very exciting half for the company. You know, we've seen the strategic shipbuilding agreement provide the backbone for significant contract awards in Australia, with the signing of the Landing Craft Medium contract before Christmas, and then last week, the signing of the Landing Craft Heavy contract. These two contracts total about $5 billion and take the order book to a record $17.7 billion. That translates to about 76 ships in build or scheduled in our shipyards, providing certainty of jobs and revenue for a decade. You'll see revenue and employee numbers are growing in line with the order book as programs come online, and that's translating into earnings too. We announced a revision to guidance a couple of weeks...