Australia's Kelsian soars after divestment, forecast upgrade

Kelsian

24/02/2026 01:00

** Shares of Kelsian Group KLS.AX soar as much as 13.7% to A$4.4, their highest level since Jan 12
** Shares post biggest intraday pct gain since late August 2025
** Co divests tourism portfolio to Journey Beyond for total cash consideration of A$161 million ($113.65 million) on a cash and debt-free basis
**Upgrades FY26 underlying EBITDA guidance to between A$303 million and A$312 million, compared to last range of A$297 million to A$310 million
** KLS shares down 1.3% YTD

($1 = 1.4166 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))