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Paragon Care Limited (ASX:PGC)

ALERT: Price-sensitive ASX Announcement for PGC
Current share price for PGC : $0.145 -0.005 (-3.33%)+
Announcement
Release
1 Jun 2026 8:29AM
Price at Release
$0.150
Full Release
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Summary
Paragon Care Limited has provided an update on its financial exposure to the Infinity Retail Pharmacy Group receivership, recognizing a full provision against amounts owed while expecting a potential recovery of 24% to 32.5% from the administration process. The company has already recovered A$3.4 million from the ATO for GST payments. For FY26, Paragon Care forecasts revenue of approximately A$3.7 billion and an underlying EBITDA of A$95-100 million, factoring in recent acquisitions. The company faces logistical and pricing challenges due to oil price increases but remains committed to disciplined cost management and working capital optimization.
Key Points
  • Paragon Care Limited provided an update on the Infinity Group receivership.
  • A 100% provision was recognized for amounts owed by Infinity Group.
  • Preliminary analysis indicates a potential recovery of 24% to 32.5% of the exposure, amounting to A$11.7m to A$15.8m.
  • Paragon Care has received A$3.4m from the ATO for GST previously paid.
  • Forecasted revenue for FY26 is approximately A$3.7 billion.
  • Underlying EBITDA is expected to be between A$95m to A$100m.
  • Net debt expected to be between 2 to 2.5 times EBITDA.
  • Challenges include logistics costs and pricing pressures from rising oil prices.
  • Paragon Care focuses on cost management and working capital optimization.
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.