Australia's G8 Education falls to 5-1/2-year low on soft earnings outlook

G8 Education

04/11/2025 24:39

** Shares of G8 Education GEM.AX fall as much as 18% to A$0.660, their lowest point since March 30, 2020

** The early childhood and care provider expects FY25 earnings in the range of A$91 million ($59.13 million) to A$98 million vs operating EBIT of A$115.0 million posted in FY24

** Says operating environment has remained challenging and enquiry levels have been low

** Says as at November 2, co's YTD occupancy was 65.7%, 4.5 percentage points lower than prior corresponding period

** GEM stock is among the worst performers in ASX All Ordinaries index .AORD

** As of last close, stock was down 38.3% YTD

($1 = 1.5389 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)

 ((Himanshi.Akhand@thomsonreuters.com;))