BUZZ-Australia's EML Payments jumps on strong Q1 trading update

Reuters
26 Nov 2024

** Shares of payment solutions platform EML Payments

rise as much as 31.4% to A$0.900, their highest level since Aug. 2

** Shares last up 24.1%, set for best day since late-August 2023, if current gains hold

** Co says Q1 FY25 overall revenue is up 12%, and underlying EBITDA is up 46% vs pcp

** Reaffirms underlying FY25 EBITDA forecast in the range of A$54 mln ($34.89 mln) to A$60 mln

** Trading volumes nearly three times the 30-day avg of 1.3 mln shares

** As of last close, stock was down 13.3% YTD

($1 = 1.5475 Australian dollars)

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com))

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