Australia's Boom Logistics rises to one-month high on annual profit outlook upgrade

Boom Logistics

07/05/2026 04:29

** Shares of Australia's Boom Logistics BOL.AX rise 2.8% to A$1.85, their highest level since March 9

** Stock posts its biggest intraday pct gain since April 17

** The construction support service provider upgrades its FY26 statutory net profit after tax (NPAT) outlook to A$10.5 million-A$11.5 million ($7.60 million-$8.33 million), from prior forecast of A$10.5 million

** Targets up to A$7 million returned to shareholders in FY26, via on-market share buyback

** Says higher fuel prices resulting from the Middle East conflict have not had a material impact

** Expects net capex to be A$15 million-A$18 million, compared to A$25.3 million in FY25

** Stock up 4.4%, YTD

($1 = 1.3810 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))