Australia's Teaminvest Private drops on weak interim earnings

Teaminvest Private

09/02/2026 04:22

** Shares of Australia's Teaminvest Private TIP.AX fall as much as 2.4% to A$1.625, posting their biggest intraday pct drop since December 30

** Investment co posts 1H26 EBITDA of A$7.7 million ($5.41 million), compared with A$8.9 million a year earlier

** Says lower profit due to a drop in performance fee in its funds management business

** However, co declares interim dividend of 1.55 Australian cents per share and invests A$0.3 million into share buyback programme

** Stock up 1.6% YTD, including session's moves

($1 = 1.4243 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))