Harvest Technology Group Says Tracking Ahead of Schedule on Profit Plan, Shares Rise 20%

MT Newswires Live

2025/06/17

Harvest Technology Group (ASX:HTG) said it was tracking one year ahead of schedule on the execution of its three-year strategy for profitability, according to a Tuesday ASX filing.

The company expects a more than 50% reduction in earnings before interest, taxes, depreciation, and amortization loss for the fiscal year, driven by streamlined operations and increased margin capture.

It expects to launch its NEON edge AI-enabled solution in the first half of 2026, boosting its existing ultra-low bandwidth live streaming and remote operations technology.

The firm's shares rose 20% in recent trading on Tuesday.

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