Australia's Challenger hits over five-year high on strong results

Challenger

19/08/2025 03:19

** Shares of Challenger CGF.AX rise as much as 3.3% to A$8.520, their highest level since March 6, 2020

** The investment manager posts FY25 statutory net profit after tax of A$192 million ($124.53 million), a 48% jump

** Determines 11% higher full-year dividend of 29.5 Australian cents per share

** Sees 4% higher earnings per share for FY26

** Shares last up 0.6%, bringing YTD gains to 38.9%

($1 = 1.5418 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))