Australia's G8 Education sinks most in over 13 years on shutting 40 centres

G8 Education

29/04/2026 05:36

** Shares of G8 Education GEM.AX fall as much as 35.4% to A$0.155, lowest level since Feb 4, 2013

** Stock hits biggest intraday pct drop since Feb 4, 2013

** On track for second straight session of losses

**  Early childhood and care provider says it will suspend operations at 40 centres in FY26

** Says will reorganise support office structure, reduce costs during FY26

** Says increased costs due to inflationary pressures, among others

** Stock down 73.2% YTD, including day's moves

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))