Australia's xReality Group rises on narrower annual loss

Xreality

31/08/2026 04:18

** Shares of xReality Group XRG.AX advance as much as 4.8% to A$0.065, hitting their highest point since a week ago
** Stock marks its biggest intraday pct gain since August 18
** The military simulation software developer reports annual net loss after tax of A$0.1 million, down from A$3.1 million a year earlier 
** Company posts revenue 19.1% higher at A$15.1 million  ($10.83 million), forecasts further defence contracts to boost sales such as the MOU with Thales Australia signed in June
** More than 1 million shares change hands, 3.2x the 30-day average
** YTD stock up 18.5%, including the day's moves

($1 = 1.3949 Australian dollars)



 (Reporting by Rudrannsh Mehra in Bengaluru)
 ((Rudrannsh.Mehra@thomsonreuters.com))