Bhagwan Marine Flags Delays to Certain Spot, Short-Term Projects; Shares Reach All-Time Low

MT Newswires Live

May 12

Bhagwan Marine (ASX:BWN) flagged delays to the award and start of certain spot and short-term projects due to the effects of the conflict in the Middle East, according to a Tuesday Australian bourse filing.

It now expects fiscal year 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) in the range of AU$38.5 million to AU$40.5 million, excluding contributions from Riverside Marine and acquisition costs.

Bhagwan's consolidated fiscal year 2026 EBITDA is expected to be in the range of AU$44.5 million to AU$46.5 million, excluding Riverside Marine acquisition costs.

Riverside Marine's charter business, Riverside Oceanic, also experienced similar delays, while Bhagwan Marine's towage and industrial sands operations are tracking at or ahead of expectations.

Its shares fell 25% in recent trading on Tuesday, reaching their lowest-ever point.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/2634252121"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2634252121\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2634252121?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-12 09:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2634252121","market":"nz","top_or_hot":-1,"title":"Bhagwan Marine Flags Delays to Certain Spot, Short-Term Projects; Shares Reach All-Time Low","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/BWN.AU\">Bhagwan Marine</a> (ASX:BWN) flagged delays to the award and start of certain spot and short-term projects due to the effects of the conflict in the Middle East, according to a Tuesday Australian bourse filing.</p><p>It now expects fiscal year 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) in the range of AU$38.5 million to AU$40.5 million, excluding contributions from Riverside Marine and acquisition costs.</p><p>Bhagwan's consolidated fiscal year 2026 EBITDA is expected to be in the range of AU$44.5 million to AU$46.5 million, excluding Riverside Marine acquisition costs.</p><p>Riverside Marine's charter business, Riverside Oceanic, also experienced similar delays, while Bhagwan Marine's towage and industrial sands operations are tracking at or ahead of expectations.</p><p>Its shares fell 25% in recent trading on Tuesday, reaching their lowest-ever point.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bhagwan Marine Flags Delays to Certain Spot, Short-Term Projects; Shares Reach All-Time Low</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBhagwan Marine Flags Delays to Certain Spot, Short-Term Projects; Shares Reach All-Time Low\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-05-12 09:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/BWN.AU\">Bhagwan Marine</a> (ASX:BWN) flagged delays to the award and start of certain spot and short-term projects due to the effects of the conflict in the Middle East, according to a Tuesday Australian bourse filing.</p><p>It now expects fiscal year 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) in the range of AU$38.5 million to AU$40.5 million, excluding contributions from Riverside Marine and acquisition costs.</p><p>Bhagwan's consolidated fiscal year 2026 EBITDA is expected to be in the range of AU$44.5 million to AU$46.5 million, excluding Riverside Marine acquisition costs.</p><p>Riverside Marine's charter business, Riverside Oceanic, also experienced similar delays, while Bhagwan Marine's towage and industrial sands operations are tracking at or ahead of expectations.</p><p>Its shares fell 25% in recent trading on Tuesday, reaching their lowest-ever point.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BWN.AU","symbol_name":"Bhagwan Marine Ltd","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2634252121","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2634252121","pubTimestamp":1778549740,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Bhagwan Marine  flagged delays to the award and start of certain spot and short-term projects due to the effects of the conflict in the Middle East, according to a Tuesday Australian bourse filing.It now expects fiscal year 2026 earnings before interest, taxes, depreciation, and amortization  in the range of AU$38.5 million to AU$40.5 million, excluding contributions from Riverside Marine and acquisition costs.Bhagwan's consolidated fiscal year 2026 EBITDA is expected to be in the range of AU$44.5 million to AU$46.5 million, excluding Riverside Marine acquisition costs.Riverside Marine's charter business, Riverside Oceanic, also experienced similar delays, while Bhagwan Marine's towage and industrial sands operations are tracking at or ahead of expectations.Its shares fell 25% in recent trading on Tuesday, reaching their lowest-ever point.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BWN.AU":"Bhagwan Marine Ltd","BK7079":"海港与服务"},"translate_title":"Bhagwan Marine表示某些现货短期项目会出现延误；股价创历史新低","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BWN.AU":1},"content_text":"Bhagwan Marine (ASX:BWN) flagged delays to the award and start of certain spot and short-term projects due to the effects of the conflict in the Middle East, according to a Tuesday Australian bourse filing.It now expects fiscal year 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) in the range of AU$38.5 million to AU$40.5 million, excluding contributions from Riverside Marine and acquisition costs.Bhagwan's consolidated fiscal year 2026 EBITDA is expected to be in the range of AU$44.5 million to AU$46.5 million, excluding Riverside Marine acquisition costs.Riverside Marine's charter business, Riverside Oceanic, also experienced similar delays, while Bhagwan Marine's towage and industrial sands operations are tracking at or ahead of expectations.Its shares fell 25% in recent trading on Tuesday, reaching their lowest-ever point.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}