Australia's X2M Connect advances on smaller half-year loss, outlook

X2M Connect

09/02/2026 24:33

** Shares of X2M Connect X2M.AX rise as much as 14.3% to A$0.008 in early trade, hitting their highest since February 3

** Stock logs largest intraday pct gain since January 28

** Tech services provider logs 1H26 adjusted EBITDA loss of A$1.2 million ($843,600.00), smaller than A$1.4 million last year

** Expects substantial reduction in FY26 adjusted EBITDA losses compared to last year

** About 11.4 million shares change hands, 5 times the 30-day average

** Stock flat YTD, including the day's moves

($1 = 1.4225 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))