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Ariadne Australia Limited (ASX:ARA)

ALERT: Price-sensitive ASX Announcement for ARA
Current share price for ARA : $0.460 -0.04 (-8%)+
Announcement
Release
13 Apr 2026 4:02PM
Price at Release
$0.500
Full Release
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Summary
Ariadne Australia Limited provided a financial update for the period ending 31 March 2026, highlighting significant growth in its Orams Marine Services business, with a 30% increase in turnover and a 70% rise in EBITDA compared to the prior period. The company faced unrealised foreign exchange losses due to currency depreciations against the Australian dollar, impacting both Profit or Loss and Other Comprehensive Income. Ariadne's investment portfolio saw declines in several holdings, including Webjet and Hillgrove Resources, but a potential uplift was noted in Cover Genius due to a fundraising initiative. The company's estimated total comprehensive loss for the period was $5.2 million, influenced by foreign currency impacts and market-related declines. Ariadne remains well-capitalized with $23.3 million in cash and continues to manage exchange rate volatility.
Key Points
  • Strong performance in Orams Marine Services with 30% turnover increase
  • 70% rise in EBITDA for Orams Marine Services
  • Unrealised foreign exchange losses due to currency depreciation
  • Investment portfolio declines in Webjet and Hillgrove Resources
  • Potential uplift in Cover Genius valuation
  • Estimated total comprehensive loss of $5.2 million
  • Well-capitalized with $23.3 million in cash
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.