Australian diversified conglomerate SGH slips on weak FY26 outlook

SGH

12/08/2025 02:24

** SGH SGH.AX slips as much as 12.1% to A$45.60; marks biggest intraday pct drop since March 2020

** Stock top loser on benchmark S&P/ASX 200 index .AXJO

** Diversified conglomerate sees low to mid single-digit EBIT growth in FY26 vs 8% growth in FY25; estimate at ~8.5%, per Visible Alpha consensus

** Forecasts FY25 NPAT of A$924 mln (~$602 mln), up from year-ago A$850 mln

** Around 1.8 mln shares traded, more than 4x the 30-day avg

** SGH last down 8.9%, trims YTD gains to 1.8%

($1 = A$1.5349)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))