Australia's Beamtree Holdings climbs on securing cross-border contract

Beamtree Holdings

05/05/2026 01:42

** Shares of Beamtree Holdings BMT.AX jump as much as 19.8% to A$0.115, set for their strongest intraday session since August 8, 2024, if current gains hold

** AI decision support software provider secures contract with Saudi Arabian healthcare services provider Fakeeh Care Group

** Contract valued at A$2 million ($1.43 million)

** Under agreement, Beamtree to provide coding, coding assurance, and coding analytics support to Dr Soliman Fakeeh Hospitals

** Co, however, withdraws FY26 ARR guidance

** YTD, stock down 53.3% YTD, including the day's moves

($1 = 1.3955 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))