ABSMARINE

What ABS Marine promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q4 FY26

what the last two calls moved 10 tracked 2 delivered 3 missed 5 open
  • EBITDA Margin delivered said Q4 FY25 Promised: 40% to 45% is what we hope to achieve Q4 FY26: Achieved. FY26 full-year EBITDA margin was 47.28%, exceeding the guided range of 40-45%.
  • Ship-owning Business Revenue Share went quiet said Q4 FY25 Promised: earnings from the ship-owning business will go up to 55% to 60% Q4 FY26: The company did not report the final revenue share for FY25. In Q4 FY26, they stated the current share from chartering is 75%, but did not reconcile the FY25 target.
  • Fleet Expansion (Third DP2 Vessel) delayed said Q4 FY25 Promised: close it this month. And the third DP2 vessel is scheduled for delivery in Q1 of FY 26 Q4 FY26: The third DP2 vessel was not delivered in Q1 FY26. The company acquired two vessels (Artemis and MPSV) in H2 FY26 and has another scheduled for Q1 FY27, indicating the fleet expansion happened but on a delayed timeline.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 10 tracked commitments for ABS Marine — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens