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Austal has delivered a solid set of half-year results, lifting both revenue and earnings to deliver a profit of $25.1 million.

Revenue was up 34.4 per cent for the six months to the end of December to $1.1 billion compared to $825.7m a year earlier, with earnings before intersst and tax of $60.3m - up 41.3 per cent.

Net profit was up 21.4 per cent.

Chief executive Patrick Gregg said the diversification of the shipbuilder’s operations had added to growth while its different global operations “undertake periods of consolidation and infrastructure expansion”.

“Australasian operations were the standout in the first half period, delivering a turnaround in earnings offsetting a reduction in contribution from the USA,” he said.

The results come just days after Austal signed contracts worth $5b to produce Army vessels at its Henderson shipyard, in a deal the Albanese Government claims will generate hundreds of local jobs.

“These are the first in a number of major defence programs planned by the Australian Government, which should see our Australasian operations sustain higher levels of activity going forward and has underpinned the record order book,” Mr Gregg said.

Mr Gregg warned investors that while the outlook for the second half remained positive, Austal would will not match the elevated earnings recorded in the second half of FY25, which included significant profit contribution from the facilities expansion contract in the US.

Full-year EBIT is expect to come in at $110m.

Austal’s order book now stands at a record $17.7b. No interim dividend was declared.