Australia's Nido Education sinks after lowering FY25 earnings forecast

Nido Education

04/11/2025 24:28

** Shares of Nido Education NDO.AX fall 8.3% to A$0.610, set for their biggest one-day pct drop since March 18, 2025

** Childcare services provider among top losers on All Ordinaries index .AORD

** Company expects FY25 service EBITDA of A$28.5 mln–A$30 mln ($18.52 mln-$19.49 mln), compared with A$32.4 mln reported a year earlier

** Forecasts FY25 group EBITDA of A$16.5 mln–A$18 mln, versus A$22 mln last year

** Including session's losses, stock down 20.3% YTD

($1 = 1.5389 Australian dollars)

 (Reporting by Atharva Singh in Bengaluru)

 ((Atharva.singh@thomsonreuters.com))