Australia's Zip gains on upbeat HY results

Zip Co

25/02/2025 24:03

** Shares of digital retail finance company Zip  ZIP.AX 
rise 7.1% to A$2.555
    ** Stock rose as much as 11.5% to A$2.535 earlier in the day
    ** Co reports HY adjusted gross profit of A$235.5 million
($149.38 million), up 30.1% Y/Y
    ** Posts HY revenue of A$509.2 million, up 19.7%
    ** Co expects to deliver cash EBTDA of at least A$147
million for FY25
    ** Stock trims YTD losses to 13.5%

($1 = 1.5765 Australian dollars)

 (Reporting by Manasi Dasa in Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com;))