** Shares of infant formula maker Bubs Australia BUB.AX rise as much as 32.7% to A$0.130, posting their biggest intraday pct gain since late-May 2022

** BUB posts HY EBITDA of A$2.9 mln ($1.82 mln) vs EBITDA loss of A$6.8 mln a year earlier

** Co reaffirms FY25 forecast of A$102 mln in revenue and gross margin of more than 40%

** Stocks hits its highest since Oct 29

** More than 22.6 mln shares change hands, 11.3x the 30-day avg of 2 mln shares

** Stock up 22.5% YTD, including the day's moves

($1 = 1.5962 Australian dollars)

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com;))