Australia's Beonic hits 8-month high on North African airport contract

Beonic

29/07/2025 05:16

** Shares of AI spatial management software co Beonic BEO.AX rise as much as 72.1% to A$0.370, their highest level since November 26, 2024

** Stock heads for best session since November 2014, if gains hold

** Co signs contract with a North African airport authority to deploy LiDAR-based passenger flow technology at seven major international airports with total contract value of A$15.2 mln ($9.91 mln), Beonic's share at A$10.6 mln

** Co uses LiDAR or laser-based technology to track passenger movement in real time, helping optimise operations, security, and traveller experience

** About 171,042 shares traded, 4.3x the 30-day average

** Stock last up 60.5%, bringing YTD gains to 25.5%

($1 = 1.5342 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))