Australia's Mayfield Childcare falls on withdrawing annual guidance

Westpac Banking

10/07/2026 02:06

** Shares of Mayfield Childcare MFD.AX fall as much as 5% to A$0.19, hitting their lowest level since July 3
** Stock set for weakest intraday trading session since June 30
** Childcare centre operator withdraws FY26 guidance
** Says operating environment across early childhood education and care sector has been increasingly challenging, with further pressure from labour costs, others 
** Co's board intends to update market on earnings guidance around September
** Co says existing facility extension with Westpac WBC.AX matures on August 31, remains in discussions with Westpac regarding further extension 
** Stock down 60.8% YTD, including the day's moves

(Reporting by Shivangi Lahiri in Bengaluru)
((shivangi.lahiri@thomsonreuters.com))