Australia's Ava Risk Group falls on weak FY25 outlook, dividend suspension

Ava Risk

15/07/2025 01:59

** Ava Risk Group AVA.AX falls as much as 4.8% to A$0.1, lowest since July 9

** Tech co expects FY25 revenue of A$31.6 mln ($20.7 mln), below guidance range of A$35 mln-A$38 mln

** Says shortfall due to closing delay of few key projects

** In a separate statement, co says it has suspended its dividend policy with immediate effect to "fund its growth plan"

** YTD, AVA down 21.6%

($1 = A$1.5272)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com;))