Bubs Australia rises most in nearly four weeks on upbeat results, CEO appointment

Bubs Australia

28/07/2025 02:20

** Shares of Bubs Australia BUB.AX rise as much as 5.9% to A$0.180, their biggest intraday pct gain since July 3

** The milk formula producer names Joe Coote as its chief executive officer

** Co also posts FY25 net revenue of A$102.5 million ($67.48 million), a 29% increase y/y, and now expects FY25 EBITDA of A5.5 million to A$6 million, versus loss of A$19.8 million a year ago

** Co cites 'working-capital discipline' and reduction in costs for performance

** YTD, shares up 80%

($1 = 1.5191 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))