News

Leading Australian marine solutions company, Bhagwan Marine Limited (ASX: BWN) is pleased to announce the contract signing with Acciona (in alliance with the Water Corporation to form the ‘Alkimos Seawater Alliance) for the marine components of the Alkimos Seawater Desalination Plant (ASDP) located in Alkimos Perth.

Bhagwan Marine has secured a five-year contract with Jadestone Energy for its vessel, the Coral Knight. The contract is valued at circa AUD $15 million annually; begins immediately and continues the services Bhagwan has provided since February 2025.

We are pleased to announce a two-year extension to our existing contract for the provision of marine, cargo and offtake support services to Jadestone Energy and Vermilion Energy.

In September, we were pleased to participate in the ASX SMIDcaps Conference at ASX in Sydney. Our Executive Director – Finance, Andrew Wackett, presented Bhagwan Marine’s FY25 performance, strategic positioning, and outlook, highlighting opportunities that support sustainable growth and the creation of long-term value for our stakeholders.

In this episode of from the helm, Grady Wulff sits down with Bhagwan Marine Limited (ASX:BWN) Director of Finance, Andrew Wackett, to unpack the company’s record FY25 results, divisional growth opportunities, and strategic plans for FY26 and beyond.

In FY25, we strengthened key parts of the business to position ourselves for long-term, sustainable growth. Bhagwan achieved record revenue and earnings, driven by ongoing strength across its diversified core business and progress within new growth segments.

We’re pleased to announce the launch of Bhagwan’s InvestorHub — a dedicated platform where shareholders can access company updates, announcements and investor news.

Bhagwan Marine is pleased to announce the appointment of Mark Annand as Chief Operating Officer (COO), who will commence on 26 May 2025.

We’re proud to share that Bhagwan Marine has secured a six-year extension of our cornerstone contract with the Port of Melbourne, continuing our long-standing partnership through to 2030.

Bhagwan Marine is pleased to announce its full year results for FY24, achieving record revenue and strong earnings, driven by increased demand across its diversified business nationally and entry into the high-growth decommissioning sector.

We’re pleased to announce we will commence trading on the Australian Securities Exchange (ASX) under BWN following a successful initial public offering of fully paid ordinary shares.

Bhagwan Marine in partnership with Linch-pin have been awarded the significant contract by Chevron for the TVI Offshore Decommissioning Project. The contract represents a major accomplishment for Bhagwan Marine, highlighting our expertise and ability to deliver complex projects of this nature.