Hospitality and cinema operator EVT sinks 13% on annual profit miss

EVT

25/08/2025 01:38

** Shares of Australia's EVT Ltd EVT.AX fall 13% to A$14.950, their lowest level since May 14

** EVT loses as much as 13.7%, marking its worst intraday fall since January 31, 2022

** EVT among top losers in the ASX200 benchmark index .AXJO, which is up 1% at a record high .AX

** Posts FY25 normalised post-tax profit of A$38.4 million ($24.89 million), below the Visible Alpha consensus of A$42.2 million

** FY26 earnings for the Hotels division, which contributed 33% to FY25 total revenue, could be impacted by the closure of a Queenstown hotel

** Announces final dividend of 22 AU cents per share

** EVT up 31% YTD, including the day's move

($1 = 1.5430 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)

 ((Sameer.Manekar@thomsonreuters.com;))