Australia's EQT set for worst week in 6 years on super trusteeship business exit

EQT Holdings

26/06/2026 04:21

** Shares of Australia's EQT Holdings EQT.AX fall as much as 3% to A$15.720, their biggest drop since June 23
** Stock has lost 14.8% so far this week, on track for its worst week since mid March 2020, if the trend sustains
** Trustee and executor co said on Monday it will withdraw from offering independent superannuation trusteeship via its unit, Equity Trustees Superannuation Ltd  (ETSL)
** Co says the decision followed a strategic review of its superannuation trustee services business 
** ** Expect a one-off non-cash impairment charge estimated at nearly A$13 million ($9.11 million) in FY26 - EQT
** EQT down 32.9% YTD

(Reporting by Keshav Singh Chundawat in Bengaluru)
((Keshav.singhchundawat@thomsonreuters.com))