Australia's nib hits 18-month high on FY profit beat

NIB Holdings

25/08/2025 01:59

** nib Holdings NHF.AX rises as much as 7.1% to A$8.260; marks biggest intraday pct jump since June 30

** Stock hits highest since February 23, 2024; among top gainers on ASX 200 index .AXJO, which is trading near all-time highs .AX

** Health and travel insurer posts FY25 NPAT of A$198.6 mln ($128.7 mln), much ahead of Visible Alpha consensus of A$179 mln

** Underlying operating profit of A$239.2 million, though 7% below last year, beats VA consensus by 1%

** Posts final dividend of 16 AU cents/share vs year-ago 14 Au cents

** Forecasts stable FY underlying net margin in 6%-7% range

** NHF gains 46.5% YTD

($1 = A$1.5434)

 (Reporting by Sameer Manekar in Bengaluru)

 ((Sameer.Manekar@thomsonreuters.com;))