Australia's Stealth Group rises on securing distribution agreement

Stealth group

03/07/2025 04:23

** Shares of Stealth Group SGI.AX rise 6.6% to A$0.725, on track for best day since June 24, if gains hold

** Multi-sector distribution co says its consumer division secured exclusive distribution deals in Australia and New Zealand for brands like CASETiFY and Belkin, among others

** Says agreements expected to contribute A$7.0 million ($4.60 million) in incremental revenue in FY26

** Stock up 76.7% YTD, including moves in the current session

($1 = 1.5216 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))