Australia's Praemium falls to 13-month low as annual profit drops

Praemium

31/08/2026 03:43

** Shares of Australia's Praemium PPS.AX fall as much as 14% to A$0.615, their lowest level since July 4, 2025
** Stock marks its steepest intraday pct fall since early April last year
** Fintech company posts FY26 net profit attributable of A$6.5 million ($4.66 million), down 45.2% Y/Y
** PPS declares final dividend of A$1.25 Australian cents per share, fully franked
** Separately, co announces immediate resignation of Daniel Lipshut as CEO of the Technotia division
** Stock down 17% year-to-date


($1 = 1.3955 Australian dollars)

 (Reporting by Paridhi Minda in Bengaluru)
 ((Paridhi.minda@thomsonreuters.com))