Australia's Inghams Group at 10-month low on weak outlook, annual results

Inghams

22/08/2025 03:30

** Shares of Australia's Inghams Group ING.AX down 19.7% to A$2.850, level last seen on Oct. 22, 2024

** ING fell as much as 21.13% to A$2.8, their lowest level since August 16, 2023; clocked its worst intraday drop on record

** ING among top losers in the ASX 200 benchmark index .AXJO, which is down 0.2% as of 0215 GMT

** On track to lose ~20% for the week, if trend holds; set for biggest weekly decline since Aug. 19, 2024

** Integrated poultry producer forecasts FY26 underlying EBITDA between A$215 million ($138.09 million) and A$230 million, below FY25's A$236.4 million and Visible Alpha consensus of A$249.8 million

** Posts an 11.5% drop in FY25 profit at A$89.8 million ($57.68 million)

** Stock last down 21%, bringing YTD losses to 11.6%

($1 = 1.5569 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))