Australia's Pro Medicus hits near one-month high on profit beat

Pro Medicus

18/08/2026 02:07

** Shares of Australia's Pro Medicus PME.AX rise as much as 8.8% to A$191.28, their highest level since July 20
** Stock logs biggest intraday pct gain since June 2 
** Healthcare informatics company reports a 24.1% jump in underlying net profit after tax to A$144.7 million ($102.85 million), beating Visible Alpha consensus by 2%, according to Citi
** Also declares a final dividend of 35 Australian cents per share, above previous year's 30 cents per share
** "PME reported in-line sales and a 3% NPAT beat for FY26. We think this will be enough to maintain investor confidence," say analysts at Citi
** Still, Citi says it expects recent lines of investor questioning to continue around co's ability to raise prices, sign long contracts and "build a moat in a world where there are a range of outcomes around AI"
** YTD, stock down around 13% 

($1 = 1.4069 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)
 ((Shruti.Agarwal@thomsonreuters.com;))