Australia's Judo Capital sees worst session after lender cuts profit outlook

Judo Capital Holdings

25/06/2026 02:13

** Shares of Judo Capital Holdings JDO.AX tumble as much as 43% to A$0.87, marking their biggest intraday pct slide 
** Stock touches its lowest level since late January 2024, and is worst performer in the benchmark index .AXJO, which is down 0.5%
** Lender cuts FY26 profit before tax (PBT) to between A$163 million ($112.42 million) and A$169 million, down from its April outlook of between A$180 million and A$190 million 
** Company expects FY26 cost of risk to be in the range of A$116 million to A$122 million due to an increase in provisions for exposures across different sectors that have recently emerged
** Expects FY27 PBT between A$210 million and A$220 million 
** Decline brings YTD losses to nearly 50%
   
($1 = 1.4499 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)
 ((Shruti.Agarwal@thomsonreuters.com;))