Australia's Advanced Braking Technology hits five-year high on upbeat FY outlook

Advanced Braking Technology

29/07/2025 04:42

** Shares of Advanced Braking Technology Ltd ABV.AX rise as much as 12.2% to A$0.092, hitting their highest level since July 1, 2020

** Stock currently up 9.8%, set for best day since early May if trend holds

** Braking systems manufacturer sees reported net profit after tax (NPAT) for FY25 to be A$1.78 mln ($1.16 mln), up 5% vs prior corresponding period (pcp)

** Co records sales revenue of A$5.6 mln for Q4 FY25, up 27% on pcp

** Around 2.8 mln shares change hands, 16.6x the 30-day avg trading volume of about 171,479 shares

** YTD, stock up 8.4%, including the session's gains

($1 = 1.5333 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))