Australia's Cochlear rises on higher annual profit, share buyback

Cochlear

15/08/2025 02:00

** Shares of Cochlear COH.AX climb as much as 2.4% to A$313.27 - on track for their biggest percentage rise since July 17, if current gains hold

** Medical device maker posts annual adjusted net income of A$391.6 million ($254.34 million) vs A$386.6 million in FY24

** Co approves share buyback of up to A$75 million over the next 12 months; declares 85% franked final dividend of A$2.15 per share, up 2% y/y

** Sees FY26 underlying net profit in the range of A$435 million - A$460 million

** COH up 5.82% YTD

($1 = 1.5396 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.SinghChundawat@thomsonreuters.com;))