BUZZ-Australia's IPD Group advances on upbeat half-year forecast
Reuters
Nov 25, 2025
BUZZ-Australia's IPD Group advances on upbeat half-year forecast
** Shares of IPD Group IPG.AX rise as much as 7.9% to A$3.69, their highest level since October 31
** Stock logs largest intraday pct gain since August 25
** Automation and electrical equipment distributor sees EBITDA of A$24.8 million-A$25.3 million ($16.04 million-$16.36 million) for 1H26 vs A$23.6 million logged last year
** Attributes positive outlook to recovery across co's end markets and sustained momentum across all business units
** Stock down 4.7% YTD, including the day's moves
($1 = 1.5466 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com))
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