IDT Australia CEO to Resign, Appoints Executive Chair; Sees Wider Fiscal 2025 Loss; Shares Hit All-Time Low

MT Newswires Live

Aug 07

IDT Australia (ASX:IDT) said that Chief Executive Paul McDonald resigned, and Non-Executive Chair Mark Simari has been appointed as executive chair, effective immediately, according to a Thursday filing with the Australian bourse.

The company expects nearly 41% revenue growth to AU$19.9 million in fiscal 2025, up from AU$14.1 million a year earlier, while net loss after tax is expected to widen to AU$7.5 million from AU$5.4 million, the filing said.

The revenue growth was fuelled by a AU$4.8 million rise in disbursement revenue tied to new contracts, signalling strong momentum across the company's core verticals, but earnings were impacted by a one-off AU$1.2 million bad debt from customer defaults, the filing added.

The company's shares tumbled 19% in recent Thursday trade, earlier hitting an all-time low.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2557357575"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2557357575\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2557357575?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-08-07 13:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2557357575","market":"us","top_or_hot":-1,"title":"IDT Australia CEO to Resign, Appoints Executive Chair; Sees Wider Fiscal 2025 Loss; Shares Hit All-Time Low","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/IDTN.AU\">IDT Australia</a> (ASX:IDT) said that Chief Executive Paul McDonald resigned, and Non-Executive Chair Mark Simari has been appointed as executive chair, effective immediately, according to a Thursday filing with the Australian bourse.</p><p>The company expects nearly 41% revenue growth to AU$19.9 million in fiscal 2025, up from AU$14.1 million a year earlier, while net loss after tax is expected to widen to AU$7.5 million from AU$5.4 million, the filing said.</p><p>The revenue growth was fuelled by a AU$4.8 million rise in disbursement revenue tied to new contracts, signalling strong momentum across the company's core verticals, but earnings were impacted by a one-off AU$1.2 million bad debt from customer defaults, the filing added.</p><p>The company's shares tumbled 19% in recent Thursday trade, earlier hitting an all-time low.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>IDT Australia CEO to Resign, Appoints Executive Chair; Sees Wider Fiscal 2025 Loss; Shares Hit All-Time Low</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIDT Australia CEO to Resign, Appoints Executive Chair; Sees Wider Fiscal 2025 Loss; Shares Hit All-Time Low\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-08-07 13:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/IDTN.AU\">IDT Australia</a> (ASX:IDT) said that Chief Executive Paul McDonald resigned, and Non-Executive Chair Mark Simari has been appointed as executive chair, effective immediately, according to a Thursday filing with the Australian bourse.</p><p>The company expects nearly 41% revenue growth to AU$19.9 million in fiscal 2025, up from AU$14.1 million a year earlier, while net loss after tax is expected to widen to AU$7.5 million from AU$5.4 million, the filing said.</p><p>The revenue growth was fuelled by a AU$4.8 million rise in disbursement revenue tied to new contracts, signalling strong momentum across the company's core verticals, but earnings were impacted by a one-off AU$1.2 million bad debt from customer defaults, the filing added.</p><p>The company's shares tumbled 19% in recent Thursday trade, earlier hitting an all-time low.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IDT","symbol_name":"万威","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2557357575","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557357575","pubTimestamp":1754545351,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"IDT Australia  said that Chief Executive Paul McDonald resigned, and Non-Executive Chair Mark Simari has been appointed as executive chair, effective immediately, according to a Thursday filing with the Australian bourse.The company expects nearly 41% revenue growth to AU$19.9 million in fiscal 2025, up from AU$14.1 million a year earlier, while net loss after tax is expected to widen to AU$7.5 million from AU$5.4 million, the filing said.The revenue growth was fuelled by a AU$4.8 million rise in disbursement revenue tied to new contracts, signalling strong momentum across the company's core verticals, but earnings were impacted by a one-off AU$1.2 million bad debt from customer defaults, the filing added.The company's shares tumbled 19% in recent Thursday trade, earlier hitting an all-time low.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IDT":"万威","BK7096":"制药","XAO.AU":"标普/澳交所 普通股指数","IDT.AU":"IDT AUSTRALIA LTD","XKO.AU":"标普/澳交所 300指数","BK4115":"综合电信业务","BK7501":"新冠治疗股","XJO.AU":"标普/澳交所 200指数"},"translate_title":"IDT澳大利亚首席执行官辞职，任命执行主席；预计2025财年亏损将扩大；股价创历史新低","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XJO.AU":1,"IDT":1,"XAO.AU":1,"XKO.AU":1,"IDT.AU":0.9},"content_text":"IDT Australia (ASX:IDT) said that Chief Executive Paul McDonald resigned, and Non-Executive Chair Mark Simari has been appointed as executive chair, effective immediately, according to a Thursday filing with the Australian bourse.The company expects nearly 41% revenue growth to AU$19.9 million in fiscal 2025, up from AU$14.1 million a year earlier, while net loss after tax is expected to widen to AU$7.5 million from AU$5.4 million, the filing said.The revenue growth was fuelled by a AU$4.8 million rise in disbursement revenue tied to new contracts, signalling strong momentum across the company's core verticals, but earnings were impacted by a one-off AU$1.2 million bad debt from customer defaults, the filing added.The company's shares tumbled 19% in recent Thursday trade, earlier hitting an all-time low.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"executive,dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}