Australia's 5G Networks drops to near 3-year low on HY loss

5G Networks

27/02/2026 01:10

** Shares of 5G Networks 5GN.AX fall as much as 21.2% to A$0.075, their lowest level since June 1, 2023

** On track for best session since late-August, 2023

** Cloud computing service provider posts a loss of A$6.2 million ($4.40 million) for the half-year, compared to a profit of A$6.3 million a year ago

** About 628,000 shares change hands, 8.2 times the 30-day avg

** Stock is down 36.2% YTD

($1 = 1.4085 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com; ))