Australia's Amaero jumps to over two-week high on upbeat outlook

Amaero

13/08/2025 03:18

** Shares of Amaero 3DA.AX rise as much as 4.1% to A$0.510, their highest level since July 29

** The titanium alloy producer expects to achieve positive EBITDA in FY2027, while seeing its first-quarter revenue for FY26 to jump 550% to A$5.5 million ($3.59 million)

** Shares post their biggest intraday gain since August 6

**YTD, shares up 98%

($1 = 1.5337 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))