FY26 outlook key focus for Australia's Judo capital as markets eye profit growth

Judo Capital Holdings

07/08/2025 24:42

** Australia's Judo Capital JDO.AX set to report FY25 results on August 19, with investors expecting profit before tax (PBT) growth in line with 15% outlook

** Morgan Stanley sees FY26 forecast as the key catalyst, expects the bank to provide first-time outlook on loans, net interest margin, costs, and loan losses

** Three scenarios are outlined according to brokerage: Judo reiterates its 50% FY26 PBT growth outlook (base case); an upgrade to 60%; or a downgrade to 40%, each implying material valuation shifts

** Under the base case, MS expects a share price of ~A$1.65 (~5% upside); an upgrade could lift the stock above A$1.80 (+15% or more), while a downgrade could drag it below A$1.35

** MS expect JDO to reiterate its FY26 PBT growth guidance

** More granular outlook on operating metrics is seen as a confidence builder, skewing earnings risk to the upside, brokerage adds

** Stock down 11.8% YTD

   ($1 = 1.5385 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com;))