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Shine Justice Ltd (ASX:SHJ)

ALERT: Price-sensitive ASX Announcement for SHJ
Current share price for SHJ : $0.635 -0.005 (-0.78%)+
Announcement
Release
21 Aug 2026 9:38AM
Price at Release
$0.640
Full Release
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Summary
Shine Justice Ltd announced a write down of $13.0 million related to a class action commenced several years ago, leading to a total write down of $13.7 million. This decision was influenced by an unexpected interlocutory judgment, and the company is exploring potential appeals and other legal remedies to safeguard claimant interests. Despite the write down, Shine maintains its confidence in the underlying merits of the claim, opting for a conservative accounting approach in its financial statements for FY26. As a result, profits and net assets for the year will be reduced, though cash flow remains unaffected. The company's unaudited earnings for FY26 are projected to be $31.7 million post write down, compared to $29.7 million in FY25, with the full FY26 results to be published on 28 August 2026.
Key Points
  • Shine Justice Ltd has written down $13.0 million for a class action.
  • The total write down for the class action is $13.7 million.
  • The decision follows an unexpected interlocutory judgment.
  • Shine is considering an appeal and other remedies to protect claimants.
  • The write down will impact FY26 financial statements, reducing profit and net assets.
  • Shine's unaudited FY26 EBITDA after the write down will be $31.7 million.
  • The FY26 results are scheduled for release on 28 August 2026.
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.