Australia's Zip soars on raising annual forecast

Zip Co

11/06/2025 02:10

** Zip Co shares ZIP.AX surge 15% to A$2.68, their highest level since Feb 26

** Set for strongest intraday pct gain since April 16, if gains hold

** BNPL firm raises FY25 guidance for cash EBITDA to at least A$160 million; earlier forecast A$153 million

** Forecast upgrade on continued strong performance, particularly in U.S. - Zip

** Trading volume at more than 1.9 mln shares vs 30-day avg volume of 1.5 mln shares

** YTD, stock down 9.5%, including current session's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

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