Advanced Innergy hits record low on weak FY outlook amid Gulf conflict
31/07/2026 03:49
BUZZ-Advanced Innergy hits record low on weak FY outlook amid Gulf conflict ** Shares of Australia's Advanced Innergy Holdings AIH.AX slump as much as 37.9% to hit a record low of A$0.36
** Advanced materials science firm guides for a fall in both full-year revenue and underlying EBITDA amid extended duration and recent escalation of Middle East conflict
** Sees FY26 revenue of ~£162 million ($217.94 million) and underlying EBITDA of ~£20 million, both down 14% and 34% respectively
** "Customers are delaying the advancement of new and existing projects while this uncertainty persists," co says
** About 7.4 million shares change hands, 35.2 times the 30-day avg
** Down 61% YTD, including the session's moves
($1 = 0.7433 pounds)
(Reporting by Anjali Singh in Bengaluru)
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