Australia's Shine Justice slips as class action write-down weighs on FY26 EBITDA
21/08/2026 05:00
BUZZ-Australia's Shine Justice slips as class action write-down weighs on FY26 EBITDA ** Shares of Australia's Shine Justice SHJ.AX slip as much as 3.1% to A$0.62, set to log their steepest intraday pct fall since mid-July
** Legal services provider says its unaudited EBITDA for FY26 will stand at A$31.7 million ($22.63 million) after a A$13 million write-down related to a class action
** Co writes down work in progress and disbursements by A$13 million for a class action it commenced a number of years ago
** Says write-down will be recognized in FY26 and will reduce annual profit and net assets but has no impact on cash flow for the year
** Down 16% YTD, including the session's moves
($1 = 1.4010 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
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