Australia's G8 Education tumbles on flagging impairment hit

G8 Education

10/02/2026 01:08

** Shares of G8 Education GEM.AX fall as much as 23.8% to A$0.480, hitting their lowest since late March 2020

** Stock posts largest intraday pct loss since March 2020

** Early childhood and care provider says it anticipates a goodwill impairment of around A$350 million ($247.70 million) in its FY25 results

** Says charge will not affect FY25 EBIT guidance

** Adds board pauses share buyback, declares no final dividend

** More than 7.6 million shares change hands, 2.9 times the 30-day average

** Stock down 22.5% YTD, including the day's moves

($1 = 1.4130 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com))