Australia's Perenti rises after preliminary full-year free cash flow beats outlook

Perenti

21/07/2025 02:45

** Shares of Perenti PRN.AX up 3.2% at A$1.77

** Earlier in the day, stock hit its highest level since December 2019

** The service miner says its preliminary free cash flow for FY25 came in at ~A$280 million ($182.34 million), up from an outlook of more than A$150 million

** Co attributes potential improvement in free cash flow to the sale of property and plant in Botswana, improved working capital outcomes, others

** Stock up 25.8% YTD, including the session's gains

($1 = 1.5356 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))