Australia's Challenger surges on strong earnings, buyback

Challenger

18/08/2026 04:17

** Shares of Challenger CGF.AX rise as much as 9.1% to A$10.57, their biggest intraday pct gain since mid-April 2025
** Shares hit highest since July 28
** Investment manager posts FY26 normalised NPAT of A$468 million ($332.75 million), up 3% from year ago
** Declares special dividend of 1.5 Australian cents per share fully franked, and announces a further A$300 million on market share buy-back
** YTD, shares up 11%


($1 = 1.4065 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))