Tiger Brokers

BUZZ-Australia's Helia Group hits record high on better-than-expected profit

Reuters
Feb 25, 2025
BUZZ-Australia's Helia Group hits record high on better-than-expected profit

** Shares of Helia Group Ltd HLI.AX rise as much as 14.1% to their all-time high of A$5.520

** The mortgage insurer posts FY statutory NPAT of A$231.5 million, beating Visible Alpha consensus estimate of A$206.1 million

** Declares final dividend of 16 Australian cents per share and a special dividend of 53 Australian cents apiece

** Expects FY25 insurance revenue between A$310 million ($196.54 million) and A$390 million, which has a midpoint below the consensus expectation of A$356.4 million

** 1.1 million shares change hands, 1.7x times the 30-day average of 650,710 shares

** Stock up ~23% YTD, including session's moves

($1 = 1.5773 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))

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