FY26 Results Presentation
27 AUGUST 2026
2026 Full Year
Results
Presentation
2 | bhagwanmarine.com
Authorisation of Release: This ASX Announcement has been approved for release by the Board of
Bhagwan Marine Limited ABN 81 009 154 349 (“Bhagwan”). (ASX code: BWN)
Important Notice: This presentation and these materials (together the “presentation”) have been
prepared by Bhagwan as a summary of Bhagwan’s operations and results for the purposes of a
presentation to existing or potential investors in Bhagwan. By participating in this presentation or
reviewing or retaining these materials, you acknowledge and represent that you have read, understood
and accepted the terms of this important notice and disclaimer.
This presentation should be read in conjunction with Bhagwan’s prospectus (July 2024), FY26 Annual
Report and other continuous disclosure announcements that have been lodged by Bhagwan with the
ASX.
Financial data: all dollar values are in Australian dollars unless stated otherwise.
Non-IFRS information: Bhagwan’s financial reporting complies with Australian accounting standards
and international financial reporting standards (“IFRS”). This presentation includes material that
contains non-IFRS measures that are not subject to audit. The non-IFRS information has not been
audited. Bhagwan believes this non-IFRS financial information provides useful information to users in
measuring the financial performance and conditions of Bhagwan. The non-IFRS financial information
does not have a standardised meaning prescribed by Australian accounting standards and therefore
may not be comparable to similarly titled measures presented by other entities, nor should it be
construed as an alternative to other financial measures determined in accordance with Australian
accounting standards. Investors are therefore cautioned not to place undue reliance on any non-IFRS
financial information and ratios included in this presentation. Such non-IFRS financial information is
unaudited.
Forward-looking statements and risks: This presentation may contain forward-looking statements
concerning activities that are or may be undertaken, and outlook or other matters. Any such forward-
looking statements are based on assumptions that may differ materially from the actual circumstances
which may arise. Actual results may differ from projections and such variations may be material. You
should not place undue reliance on any projections which are based only on information currently
available to Bhagwan. Bhagwan undertakes no obligation to update any forward-looking statements for
events or circumstances that occur subsequent to the date of this presentation or to keep current any
of the information provided. Past performance is no guarantee of future performance.
Forward-looking statements involve inherent risks and uncertainties, both general and specific, and
there is a risk that those predictions, forecasts and other forward-looking statements will not be
achieved. Forward-looking statements, opinions and estimates provided in this presentation are
based on assumptions and contingencies that are subject to change without notice, as are statements
about market and industry trends, which are based on interpretations of current market conditions.
This presentation contains statements that are subject to risk factors associated with Bhagwan’s
industry as well as unknown risks and uncertainties (both general and specific), many of which are
outside the control of Bhagwan. It is believed that the expectations reflected in these statements are
reasonable, but they may be affected by a range of variables, some of which are outside Bhagwan’s
control, which could cause actual results or trends to differ materially, including but not limited to
earnings, capital expenditure, cash flow and capital structure risks and general business risks. Given
this, recipients are strongly cautioned not to place undue reliance on any projections and forward-
looking statements.
Disclaimer: Other than as required by law, neither Bhagwan nor any other person (including any
director, officer or employee of any member of the group) gives any representation, warranty or
assurance (express or implied) in relation to the accuracy or completeness of any forward-
looking statement or that the occurrence of any event, results, performance or achievement will
actually occur. Except as required by applicable laws or regulations, Bhagwan expressly disclaims any
obligation or undertaking to provide any updates or revisions to any forward-looking statements in
this presentation to reflect any change in expectations in relation to any forward-looking statements or
any change in events, conditions or circumstances on which any such statement is based.
This presentation can be viewed via Bhagwan InvestorHub:
https://investors.bhagwanmarine.com/link/rv7kNP
IMPORTA NT NOTICE A ND DISCL A IME R
3 | bhagwanmarine.com
D E L I V E R I N G B E S P O K E M A R I N E S O L U T I O N S
WHO WE A RE
INTEGRATED
SERVICE LINES
UNRIVALLED
MULTIFUNCTIONAL FLEET
BALANCED
SOURCES OF REVENUE
• Marine Services
• Subsea Services
• Vessel Charters
• Project Delivery
DIVERSE
OPERATING SECTORS
• Offshore Energy and Resources
• Ports and Inshore
• Defence
• Dive support
• Tugs and AHTS
• Utility and landing craft
• Multicats
• Barges
• Crew Transfer
• Spot work: <2 weeks
• Short-term: <12 months
• Long-term: >12 months
• FY26 56% recurring revenue (spot and
long-term)
End-to-end marine solutions Strong core and emerging markets >70 owned vessels Increasing recurring revenue
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E S T A B L I S H E D A T K E Y M A R I N E H U B S N A T I O N A L LY
WHE RE WE OPE RATE
v
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C O M P E L L I N G O P P O R T U N I T I E S F O R S U S T A I N A B L E G R O W T H
HOW WE GROW
Solid Core Business
Power of Incumbency
Acquisitive Growth
Proven Capability
Blue Sky
Emerging Opportunities
• Market-leading position underpinned
by the power of incumbency
• Large, multifunctional fleet with a
broad geographic footprint
• Longstanding client relationships
generating consistent opportunities
• Established presence at key marine
hubs generating ~$50m revenue p.a.
• Long-term contracts generating ~$70m
revenue p.a.
Organic Growth
Leverage Existing
Opportunities
• Deepen client relationships and
increase service offering
• Expand into adjacent markets and
project types
• Drive greater utilisation of the enlarged
fleet and capabilities
• Multiple growth opportunities already
available today
• Riverside Marine demonstrates
Bhagwan’s capability to execute
strategic M&A
• Opportunity to further expand scale,
capability and market reach
• Disciplined approach focused on
strategic and commercial fit
• Significant blue-sky opportunities
across decommissioning, defence and
offshore power , providing upside
beyond the core investment case
• Potential for large, material projects as
these markets develop
• Early positioning provides a platform to
capture future market growth over the
medium to longer-term
Image: Rivtow Tugs
FY26 Highlights
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R E S I L I E N T M A R G I N S A N D S T R O N G C A S H G E N E R A T I O N
F Y26 F INA NCIA L HIGHLIGHTS
$
235.9m 20%
$
40.0m 0.8cps
NET REVENUE EBITDA MARGIN3 NET CASH FROM
OPERATIONS4
FULLY FRANKED
TOTAL DIVIDEND
Up from 18%
in FY251
Down 16.6% on
FY25 $283.0m1
Up 9.6% on
FY25 $36.5m5
FY25 fully franked dividend
of 0.5cps
60% Dividend Growth
Notes:1 FY25 includes Bhagwan only. 2 Riverside Marine acquisition completed on 31 March 2026 – Riverside Marine FY26 revenue $60.0m . 3 Pro forma EBITDA margin. 4 Group pro forma net
cash from operations (Bhagwan FY26 and Riverside Marine 4Q FY26) 5 FY25 pro forma cash from operations
Bhagwan $220.8m
4Q FY26 Riverside Marine
$15.1m2
4-Year Revenue CAGR
15%
Bhagwan
EBITDA $40.0m3
Riverside Marine
EBITDA $6.1m
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B U I L D I N G O N S O L I D B A S E F O R L O N G - T E R M G R O W T H
F Y26 OPE RATIONA L HIGHLIGHTS
Completed transformational
acquisition of Riverside Marine and
progressed integration1
Additional decommissioning
projects2, initial wind farm survey
work and built on existing defence
presence.
Embedded the COO
function and strengthened business
development capability
Strengthened financial governance
and aligned overheads to enhance
resilience, margins and future returns
Notes:1 See announcement Completion of Riverside Marine Acquisition dated 31 March 2026. 2 See announcement Bhagwan Marine Advanced Decommissioning Strategy with Barrow Island Contract
dated 24 March 2026. 3 See announcement Award of 5 Year Coral Knight Contract with Jadestone Energy dated 3 December 2025.
Secured a five-year contract with
Jadestone Energy for Coral Knight3
Strategic acquisition of the Bhagwan
Ocean, enhancing capability to
capture high-value marine
construction and logistic projects
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S U S T A I N E D G R O W T H A N D I N T E G R A T I O N O N T R A C K
F Y26 RIVE RSIDE MA RINE HIGHLIGHTS
• Successful completion on 31 March 2026
• 4Q FY26 revenue up 17% on pcp
• 4Q FY26 EBITDA up 30%1 on pcp
• Further EBITDA margin expansion
• 94% long-term recurring revenue in FY26
• Opportunities for Bhagwan to amplify growth
across Riverside Marine
52.0
55.0
60.0
FY24 FY25 FY26
17.9
21.6
24.5
FY24 FY25 FY26
$m $m
REVENUE PRO FORMA EBITDA
40.8%
39.3%
34.4%
Notes:1 Pro forma adjusted EBITDA.
EBITDA
Margin %
10
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FY26 Financial
Performance
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203.4
256.6
220.8
65.4
26.4
15.1
268.8
283.0
FY22 FY23 FY24 FY25 FY26
$m
99.1 104.3
127.7 128.9
116.9
103.9
10.4
55.0
26.4
15.1
109.5
159.3
154.1
119.0
H1 FY24 H2 FY24 H1 FY25 H2 FY25 H1 FY26 H2 FY26
4 - Y E A R C A G R 1 5 %
RE VE NUE
TVI PROJECT1
CORE BHAGWAN BUSINESS
4Q FY26 RIVERSIDE MARINE
$m
235.9
Uncertainty in the Middle
East and organisational
restructuring within energy
sector.
Notes: 1 Significant Thevenard Island (TVI) decommissioning project.
134.7
169.0
4-Year CAGR 15%
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45.0 51.1 50.2 50.2
36.7
52.8 67.2 67.2
15.11
56.4
121.7
152.7 103.4
103.4
65.4
26.4
FY24 FY25 FY26 FY26 PRO
FORMA
ANNUALISED
I N C R E A S I N G R E C U R R I N G R E V E N U E A S A P E R C E N T A G E O F T O T A L
RE VE NUE PROF ILE
Notes: 1 Riverside Marine 4Q FY26 contribution aligning with completion on 31 March 2026.
2 Significant Thevenard Island (TVI) decommissioning project.
• Riverside Marine contributed $15.1m in
revenue for FY26 post-acquisition, increasing
recurring revenue to 56% of total revenue
(+40% vs FY25) and 62% on an annualised
basis.
• Short-term projects (<12 months) have
recovered in May and June.
$m
Recurring
revenue %
SPOT REVENUE: <2WEEKS (ORGANIC)
SHORT-TERM REVENUE: <12MONTHS (ORGANIC )
LONG-TERM REVENUE: >12MONTHS (ORGANIC)
RIVERSIDE MARINE (ACQUISITIVE)
TVI PROJECT REVENUE2 (BLUE-SKY )
62%
40%
44%
56%
FY24 FY25 FY26 FY26 PRO
FORMA
ANNUALISED
268.8
283.0
235.9
276.9
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21.5
36.4
35.3
47.0
40.0
6.0
3.9
6.1
41.3
50.9
46.1
FY22 FY23 FY24 FY25 FY26
20%
18%
15%
22%
16%
$m
S T R O N G E B I T D A M A R G I N S M A I N T A I N E D
PRO FORMA E A RNINGS
Notes: Reference slide 2 in supplementary information .
TVI PROJECT
CORE BHAGWAN BUSINESS
4Q FY26 RIVERSIDE MARINE
• Core business EBITDA increased from $21.5m
in FY22 to $40.0m in FY26, representing a
CAGR of 16.5%.
• Riverside acquisition and gross margin
efficiencies have expanded EBITDA margins.
• FY26 earnings reflect a successful transition
from TVI project contributions to recurring
earnings from the Riverside Marine acquisition.
EBITDA
Margin %
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S T R O N G C A S H C O N V E R S I O N
PROFORMA F RE E CASH F LOW
Notes: Small variances may exist due to rounding.
1 Pro forma EBITDA
Strong cash conversion
90%
Operating Cash flow before
interest and tax to EBITDA 1
Pro Forma Free Cash Flow
$8.3m
Comprising $4.7m of underlying free cash
flow and $3.6m
of Pro forma adjustments
46.1
Interest &
finance costs
(5.0)
(0.5)
(0.6) 40.0 (18.1)
(13.6)
8.3
Freecash
flow
Lease
repayments
Sustaining
capex
Pro formaCash
from
operations
Working
Capital (and other)
Tax
paid
Pro forma
EBITDA
$m
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DE BT
N E T D E B T I N C R E A S E D T O F U N D G R O W T H
Net debt increased to fund the Riverside acquisition and fleet expansion, while the balance sheet remains conservatively positioned at 1.2x
leverage (annualised) 34% gearing and 11.7x interest cover – leaving ample headroom to fund the next phase of growth.
Notes: Small variances may exist due to rounding.
1 Net debt excluding leases
2 EBITDA annualised for Riverside Group
5.3
Opening net
debt FY26
+9.1
Growth
capex
Acquisitions
(net of cash)
+3.0
Dividends
paid
Pro formafree cash
flow
(28.7)
Capital
raised
74.5
Closing net
debt FY26
L E V E R A G E
1.2x
Net debt 1 / EBITDA 2
G E A R I N G
34%
Net debt to equity
I N T E R E S T C O V E R
9.2x
EBITDA / net interest 1
5.3
+9.1
+94.1 +3.0 (8.3)
(28.7)
74.5
L E V E R A G E
1.2x
Net debt 1 / EBITDA 2
G E A R I N G
34%
Net debt to equity
I N T E R E S T C O V E R
11.7x
Proforma EBITDA 2 / interest
$m
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CA PITA L E XPE NDITURE DE TA IL
E N H A N C I N G F L E E T Q U A L I T Y, S I Z E A N D C A P A B I L I T Y
Capital Expenditure Detail FY26 FY25 Change
$ Million Actual Actual
Growth 9.1 19.6 (10.5)
Sustaining 18.1 11.9 6.2
Discretionary - 6.9 (6.9)
Asset Sales - (0.9) 0.9
Total 27.2 37.5 (10.3)
Notes: Small variances may exist due to rounding
Growth capex: Investing for future Earnings Growth
• Strategic fleet additions to support contracted demand and expand
capability:
➢ Seawind 1 landing craft
➢ Hybrid-electric Narrah for the Port of Melbourne contract
➢ Bhagwan Ocean multi-cat vessel (~$6m) targeting high-
margin marine construction and logistics projects
Sustaining & Discretionary capex: Protecting Asset Quality
• Targeted fleet upgrades to enhance safety, reliability and operational
efficiency.
• Maintenance investment reflecting inflationary pressures and
extended lead times.
F Y 2 6 C A P E X M I X ( $ M )
Growth 9.1
Sustaining 18.1
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Statutory Balance Sheet FY26 FY25 Change
$ Million Actual Actual
FY26 v
FY25
Net working capital (6.6) 4.1 (10.7)
Property, Plant and Equipment 269.1 193.6 +75.5
Intangibles 69.5 - +69.5
Other 6.5 5.4 +1.1
Capital employed 338.4 203.1 +135.3
Net debt (including leases) 121.8 38.2 +83.6
Shareholders' funds 216.6 164.9 +51.7
Capital employed 338.4 203.1 +135.3
NTA per share (excluding leased assets) (%) 0.42 0.47 (0.05)
NTA per share (excluding leased assets and
liabilities) (cents)
0.54 0.59 (0.05)
ROA (annualised) 1 (%) 5.8 9.0 (3.2)pts
N E T T A N G I B L E A S S E T S P E R S H A R E 4 2 C P S
BA L A NCE SHE E T
• Riverside strengthened the balance sheet increasing capital
employed and expanding the Group's fleet, property and
intangible asset base.
• Net debt is funding growth reflecting the acquisition funding,
fleet investment and longer-term lease commitments.
• Working capital was effectively managed throughout the
acquisition period. The decline in net working capital assets
was primarily due to acquisition-related deferred tax liabilities
arising from accounting timing differences, while underlying
operating working capital remained stable and well controlled.
Notes: Small variances may exist due to rounding. 1 Calculated on annualised EBITA basis
Growth Opportunities
& Outlook
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Solid Core
Business With
Compelling
Opportunities for
Organic Growth
Proven Capability
for Acquisitive
Growth
• Decommissioning, defence and energy transition opportunities
• Supply demand imbalance within marine sector
• Limited new vessel builds since 2015
• Industry rates must rise substantially to encourage further investment
• Ability to pursue acquisitive growth
• Progressing Riverside Marine integration
FREE CASH FLOW
INCREASING
ENERGY &
RESOURCES
DEFENCE
PORTS &
INSHORE
• Organic growth via incumbency at key marine hubs
• Expanding gross and EBITDA margins
• Disciplined cost control and capital management
• Invest in enhanced systems and processes, including automation
D E L I V E R I N G S U S T A I N A B L E E A R N I N G S G R O W T H
RECA PPING OUR BUSINE SS MODE L
Emerging Blue-Sky
Opportunities
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S U P P LY D E M A N D B A L A N C E E X P E C T E D T O S U P P O R T R A T E S
POSITIVE LONG -TE RM INDUSTRY DRIVE RS
Notes: Offshore Support Vessels (OSV), Anchor Handling Tug Supply (AHTS) Vessels and Platform Supply Vessels (PSV). Source: Clarksons Research Offshore Supply Vessel Monthly’, June 2026.
Platform supply vessels (PSV). Anchor handling tug vessels (AHT). Anchor handling tug / supply vessels (AHTS).
OSV Global Utilisation
21 | bhagwanmarine.com
I N C R E A S I N G D U E T O T I G H T N E W B U I L D M A R K E T
Notes: Offshore Support Vessels (OSV), Anchor Handling Tug Supply (AHTS) Vessels and Platform Supply Vessels (PSV). Source: Clarksons Research Offshore Supply Vessel Monthly’ June 2026.
Platform supply vessels (PSV). Anchor handling tug vessels (AHT). Anchor handling tug / supply vessels (AHTS).
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2026
AHTS/AHT PSV/Supply
No. Units
OSV Newbuilding Contracting Activity
BHAGWA N F LE E T VA LUE S
Bhagwan Owned Fleet Value (left axis)
Riverside Owned Fleet Value (left axis)
AHTS Global Average Vessel Resale Price – Medium
(6,000 BHP) (right axis)
$m $m
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4
2
K E Y T A K E A W A Y S
FY26 SUMMA RY
Increasing recurring revenue and profitability, supported by strong cash generation
Incumbency at key marine hubs and enhanced business development capability support
organic growth
Riverside Marine integration is on track, with opportunities to increase volumes, utilisation and
earnings
Well positioned to capture blue sky growth opportunities driven by the energy transition ,
decommissioning and defence
Positive industry fundamentals support pricing and long-term asset values
1
3
5
23
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Supplementary
Information
24 | bhagwanmarine.com
Revenue and EBITDA Breakdown (Core excludes TVI Project)
$ Million FY22 FY23 FY24 FY25 FY26 1H24 2H24 1H25 2H25 1H26 2H26
Core revenue 134.7 169.0 203.4 256.6 220.8 99.1 104.3 127.7 128.9 116.9 104.0
TVI project revenue - - 65.4 26.4 - 10.4 55.0 26.4 - - -
Riverside Marine revenue - - - - 15.1 - - - - - 15.1
Total net revenue 134.7 169.0 268.8 283.0 235.9 109.5 159.3 154.1 128.9 116.9 119.1
Gross profit 40.2 57.4 71.2 84.4 86.5 34.8 36.4 43.7 40.7 41.0 45.5
Administrative expense & other (18.8) (21.0) (29.9) (33.5) (40.4) (14.1) (15.7) (16.4) (17.1) (18.6) (21.8)
Core EBITDA 21.51 36.4 35.3 47.0 40.0 20.9 14.5 23.4 23.6 22.4 17.6
Core EBITDA margin (%) 16%1 22% 17% 18% 18% 21% 14% 18% 18% 19% 17%
Riverside Marine EBITDA - - - - 6.1 - - - - - 6.1
Riverside Marine EBITDA margin (%) - - - - 41% - - - - - 41%
TVI project EBITDA - - 6.0 3.9 - (0.3) 6.2 3.9 - - -
TVI project EBITDA margin (%) - - 9% 15% - (0.3%) 11% 15% - - -
Total pro forma EBITDA 21.5 36.4 41.3 50.9 46.1 20.6 20.7 27.3 23.6 22.4 23.7
Total pro forma EBITDA margin (%) 16% 22% 15% 18% 20% 19% 13% 18% 18% 19% 20%
RE VE NUE A ND E BITDA BRE A KDOWN
Notes: 1 FY22 EBITDA excludes other income of $3.7m in relation to the gain on the sale of vessels. See Appendices for a reconciliation from pro forma to statutory results.
Small variances may occur due to rounding
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DETAILED P ROF IT & LOSS
Notes: Amortisation on acquired intangible assets $1.2m, the tax effect adjustment $0.4. Refer to reconciliation of statutory NPAT to Pro forma NPATA
Pro Forma Profit and Loss FY26 FY25 Change (%)
$ Million
Gross revenue 235.9 292.2 -19%
Pass-through revenue1 - (9.2)
Net revenue 235.9 283.0 -17%
Net cost of sales (149.4) (198.7) -25%
Gross profit 86.5 84.4 -2%
Administrative expense (38.7) (33.2) 17%
Impairment of assets (1.7) (0.2)
Other income (portion included in EBITDA) - -
Pro Forma EBITDA 46.1 50.9 -9%
Depreciation expense - PPE (20.6) (14.6) 41%
Depreciation expense – AASB16 (14.9) (13.5) 10%
EBITA 10.6 22.8 -54%
Other income (portion not included in EBITDA) 0.3 0.9 -69%
Finance income 0.9 0.5 68%
Finance costs (5.5) (4.2)
Profit before income tax benefit 6.3 20.1 -69%
Income tax (expense) (3.1) (7.1)
Net profit after tax and amortisation (NPATA) 3.2 13.0 -75%
Gross profit margin (%) 37% 30%
Administrative expense/net revenue (%) 16% 12%
EBITDA margin (%) 20% 18%
EBITA margin (%) 4% 8%
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RECONCILIATION OF STATUTORY EBITDA TO P RO FORMA EBITDA
Notes:
Reconciliation of Statutory EBITDA to Pro Forma EBITDA FY26 FY25 Change
$ Million %
Statutory EBITDA 42.5 50.2 -15%
Add: Transaction costs 3.6 0.7
Total Pro forma adjustments 3.6 0.7
Pro Forma EBITDA 46.1 50.9 -9%
• Administrative expense for FY26 has been reduced by
$3.6m to reflect non-recurring transaction costs related
to the Riverside Marine Acquisition, comprising
corporate advisory, legal and accounting fees.
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RECONCILIATION OF STATUTORY NPAT TO P RO FORMA NPATA
Notes:
Reconciliation of Statutory NPAT to Pro Forma NPATA FY26 FY25 Change
$ Million Actual Actual %
Statutory NPAT (0.2) 12.5 -102%
Add: Transaction costs 3.6 0.7
Add: Amortisation expense on acquired intangibles 1.2 -
Less: Tax effect of the above (1.4) (0.2)
Total Pro Forma adjustments 3.4 0.5
Pro Forma NPATA 3.2 13.0 -75%
28 | bhagwanmarine.com
0
50
100
150
200
250
300
350
400
38718 39083 39448 39814 40179 40544 40909 41275 41640 42005 42370 42736 43101 43466 43831 44197 44562 44927 45292 45658 46023
Acquired Dalmarine
establishingpresence in
Dampier to service oil and
gas market
Construction support
contract for Gorgon gas
project
O R G A N I C A N D A C Q U I S I T I V E G R O W T H
20 YE A R RE VE NUE HISTORY
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Bhagwan Revenue
TVI Revenue
Riverside Revenue
Catalyst Investment
Partners and Anthony
Wooles invested in BWN
Launched BWN
Maintenance &
Engineering Division
Acquired
Workboats
Northern Australia
Pty Ltd, Darwin
Acquired Marine
and Towage
Services Limited
Acquired MDT
Marine Pty Ltd
establishing
presence in QLD
Launched
BWN Subsea
Division
Acquired
Broadsword
Marine
Contractors,NT
Acquired Delta
Subsea
IMR master
services agreement
with multinational
oil and gas client in
the Pilbara WA
Port of Melbourne
maintenance
contract
5-year contract with
multinational oil and gas
company North West
Shelf
TVI decommissioning project
North West Shelf
Acquired Riverside
Marine expanding
presence in QLD
and northern
Australia
Construction of
new marina
Port Hedland
waterfront
$m
Successful IPO
and listing on ASX
29 | bhagwanmarine.com
RIVTOW
MARINE
RIVERSIDE
INDUSTRIAL SANDS
AIMS1 VESSEL
MANAGEMENT
RIVERSIDE
OCEANIC
MAGNETIC
ISLAND FERRIES
Managing essential harbor &
towage services for tier 1,
long-term customers
Managing dedicated research
vessels under long-term
government contracts
Largest provider of
construction sand in
Brisbane with high
barriers to entry
Sole provider of essential
commercial ferry services linking
Townsville and Magnetic Island
Supplying quality charter
vessels across diverse end
markets
RIVERSIDE MANAGED VESSELS RIVERSIDE OWNED VESSELS
~70%
OWNED VESSELS – CONTRIBUTION TO FY26 EBITDA2
~30%
MANAGED VESSELS – CONTRIBUTION TO FY26 EBITDA2
D I V E R S E S E R V I C E O F F E R I N G A C R O S S F I V E E S T A B L I S H E D B R A N D S
RIVE RSIDE MA RINE STRUCTURE
Notes: 1 Australian Institute of Marine Science. 2 Estimated contributionto Riverside Marine Holdings FY26F EBITDA.
PERTH
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