IDT Australia falls most in over three years after wider FY loss forecast

IDT Australia

07/08/2025 03:01

** Shares of IDT Australia IDT.AX falls as much as 38.9% to A$0.055, their biggest intraday pct loss since December 16, 2021

** The pharma co sees its FY25 net loss after tax to jump to A$7.5 million ($4.88 million), compared to A$5.4 million posted a year ago

** Earnings impact due to bad debt recognition of nearly A$1.2 million

** Co's CEO Paul McDonald resigns, appoints Mark Simar as Executive Chair

** YTD, shares down 30%

($1 = 1.5363 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))