Australia's Stakk set for best day in 4 weeks on upbeat FY earnings outlook

Stakk

30/06/2026 03:51

** Shares of Stakk SKK.AX soar as much as 20.8% to A$0.029, their highest level since June 19
** On track to mark steepest intraday pct rise since June 1
** Finance firm forecasts FY26 revenue of around A$13.55 million ($9.30 million), compared to A$1.2 million reported last year
** Expects to report a maiden full-year profit from operating activities
** About 26.1 million shares changed hands, 1.7 times the 30-day avg
** Down ~17% YTD, including the session's moves
     
($1 = 1.4571 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)
 ((anjali.singh2@thomsonreuters.com;))