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IDT Australia Limited (ASX:IDT)

ALERT: Price-sensitive ASX Announcement for IDT
Current share price for IDT : $0.050 0.007 (16.28%)+
Announcement
Release
18 Feb 2026 10:13AM
Price at Release
$0.043
Full Release
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Summary
IDT Australia Limited reported significant improvements in its financial performance for the half-year ended 31 December 2025 (1HFY26), driven by a strategic realignment under new leadership. Ordinary revenue from its three core verticals increased by 20.3% to $8.4 million compared to the previous corresponding period. The EBITDA improved by $2.3 million, although it still marked a modest loss of $436k. The company's API manufacturing emerged as a standout performer with a 191.4% increase in revenue, contributing to the overall growth. Furthermore, IDT achieved a reduction in operating expenses by 14.2% and revised its annual cost savings forecast to $2 million, double the initial target. The company's strategy focused on leveraging its end-to-end GMP-certified offering and targeting clients with resources for flow-on contracts. The outlook for the second half of FY26 remains positive with a solid pipeline across its business verticals, aiming for a positive operating profit and sustainable growth.
Key Points
  • Revenue from core verticals increased by 20.3% to $8.4 million.
  • EBITDA improved by $2.3 million to a loss of $436k.
  • API manufacturing revenue increased by 191.4%.
  • Operating expenses reduced by 14.2%, with cost savings forecast increased to $2 million.
  • Strategic focus on leveraging GMP-certified offerings for growth.
  • Positive outlook and solid pipeline for 2HFY26.
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.