Australia's COSOL rises most in two months on upbeat outlook

Cosol

20/08/2025 06:47

** Shares of COSOL COS.AX rise as much as 8.3% to A$0.650, posting their biggest intraday pct gain since June 23

** Stock hits its highest level since July 4

** Asset management solutions provider reports annual revenue of A$116.8 million ($75.20 million), up 14.6% y/y

** "FY26 will see this growth in higher-margin revenue translate into improved broader operating margins, with the flow-on effect on materially improved profitability" - MD Scott McGowan

** Says statutory EBITDA and earnings per share are expected to experience strong double-digit growth in FY26

** More than 466,000 shares change hands, 9.1x the 30-day average

** YTD, stock down 38%

($1 = 1.5533 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))