Australia's Amaero jumps to one-year high as co reaffirms outlook

Amaero

21/07/2025 01:44

** Shares of Amaero 3DA.AX rise as much as 10.1% to A$0.490, their highest level since May 13, 2024

** The titanium alloy powder producer reaffirms its prior forecast that revenue was expected to significantly scale in FY26, while still seeing a positive EDITDA in FY27

** Co maintains capital investments outlook of A$72 million for three-year period ending FY26

** About 1.8 million shares change hands, 1.8 times the 30-day average of 1 million

** YTD, shares up 88%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))