Australia's Stealth Group jumps on pre-order sales surge

Stealth group

28/07/2025 04:12

** Stealth Group SGI.AX jumps as much as 18.1% to A$0.750, highest since July 16

** Stock marks biggest intraday gain since April 10

** Co reports pre-order sales for mobile accessories aligned to Apple's iPhone launch, securing ~A$6 mln (~$4 mln) in pre-sales, up 50% y/y

** Says orders backed by guaranteed customer purchase commitments, with revenue to be recognised across September and October 2025, in line with iPhone 17's global release

** Around 240,000 shares traded, more than 2x the 30-day avg

** SGI last up 11.8%, gains 67.4% YTD

($1 = A$1.5207)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))