AUS
NZ
UK
CA
USA
IND
Highlights
- S&P/ASX 200 Index down 0.4% to 8,384.5 points in afternoon trade.
- EML Payments surges 24% on strong Q1 FY25 results and upbeat guidance.
- Gentrack jumps nearly 18% following robust full-year earnings.
- Regis Healthcare rises 3% after reporting improving occupancy rates and profit performance.
While the broader S&P/ASX 200 Index slipped 0.4% to 8,384.5 points on Tuesday afternoon, several ASX-listed shares defied the trend, delivering strong performances driven by positive updates and earnings results. Here’s why these stocks are climbing:
1. EML Payments Ltd (ASX:EML)
EML Payments shares surged 24% to 85 cents following a bullish trading update at the company’s annual general meeting.
In Q1 FY25, EML Payments reported a:
- 7% increase in Gross Debit Volume (GDV) to $5,857 million.
- 12% lift in revenue to $48.8 million.
- 46% jump in quarterly underlying EBITDA to $11.6 million.
Management reaffirmed FY25 guidance and outlined a long-term earnings growth plan, targeting 13 cents earnings per share by FY28. The optimistic outlook boosted investor confidence.
2. Gentrack Group Ltd (ASX:GTK)
Gentrack shares climbed nearly 18% to $11.06 after the release of its strong full-year financial results.
The software company posted a 25.5% revenue increase to NZ$213.2 million, driven by growth across its business. Management remained upbeat, reaffirming its mid-term guidance of over 15% compound annual revenue growth and an EBITDA margin of 15-20% after expensing all development costs.
The promising outlook contributed to heightened investor interest.
3. Regis Healthcare Ltd (ASX:REG)
Shares of aged care provider Regis Healthcare rose 3% to $6.67 after an encouraging performance update at its annual general meeting.
CEO Dr. Linda Mellors highlighted strong progress in Q1 FY25, with:
- Average occupancy rising from 94.9% in Q4 FY24 to 95.5% in Q1 FY25.
- Spot occupancy hitting 96.0% by October 31, 2024, exceeding budget expectations.
Management noted that the company is tracking modestly ahead of its internal profit targets, bolstering market sentiment.
