Australia's ReadyTech on track to record worst day ever; narrows FY26 outlook

Readytech Holdings

26/02/2026 04:55

** Shares of Australia's ReadyTech Holdings RDY.AX fall as much as 30.6% to A$1.2, on track to record its worst session ever, if current losses hold

** Stock at its lowest level since early-April 2020

** Education software provider announces withdrawal of FY27 financial targets

** Revises FY26 revenue target of A$132-135 million ($93.94-$96.08 million) to A$125-127 million

** Sees FY26 underlying cash EBITDA margins in the low mid-teens

** Co however logs HY loss of A$1.4 million vs loss of A$18.7 million reported last year

** Around 615,773 shares change hands, 14.8x the 30-day average volume

** Stock has fallen 51% this year, including the session's moves

($1 = 1.4051 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com;))