IDT Australia climbs on positive FY26 outlook

IDT Australia

28/04/2026 04:57

** Shares of IDT Australia IDT.AX rise as much as 4.9% to A$0.043, their highest since April 16

** Pharmaceutical producer says FY26 EBITDA loss forecast to narrow to A$1.5 million-A$2 million ($1.08 million-1.44 million), improvement of 68%-76% on FY25

** Expect to deliver best Q4 result since the start of transformation program over two years ago - IDT

** Around 176,000 shares change hands, nearly 1.2x 30-day average

** IDT down 17.7% YTD

($1 = 1.3922 Australian dollars)

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.singhchundawat@thomsonreuters.com))