Australia's Healius at record low on inadequate funding, budget pressure woes

Healius

13/05/2026 04:28

** Shares of Healius HLS.AX fall as much as 23.2% to a record low of A$0.373

** Stock on track to log its worst session since late-November, 2023, if losses hold

** The healthcare company says inadequate funding resulted in cutting staff, closing collection centres and regional laboratories

** Adds this year's federal budget will put additional pressure on a sector, which is a critical part of Australia's primary healthcare system

** Expects FY26 underlying EBIT between A$30 million and A$35 million ($21.70 million - $25.32 million), higher than the A$17.1 million posted last year

** About 16.3 million shares change hands, 4.5 times the 30-day avg

** Down 57.7% YTD, including the session's moves

($1 = 1.3826 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))