Australia's Alcidion Group rises on higher annual new sales

Alcidion

24/07/2025 04:53

** Shares of Alcidion Group Ltd ALC.AX rise as much as 20.8% to A$0.145, their highest level since February 24, 2023

** The healthcare technology firm generates FY25 new total contract value (TCV) sales of A$73.8 million ($48.82 million), up 10.9% from a year earlier

** Reconfirms outlook of FY25 EBITDA exceeding A$4.5 mln

** Co will release FY25 earnings results and FY26 guidance on August 28

** Around 5.7 mln shares change hands, 4.4x the 30-day avg

** Stock last up 4.2%, bringing YTD gains to 108.3%

($1 = 1.5117 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))