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Ashley Services Group Ltd. ( (AU:ASH) ) has issued an update.
Ashley Services Group Ltd. announced its expected EBITDA for FY25 to be between $8.5 million and $8.8 million, impacted by delays in new work and reduced government funding in Victoria. Despite these challenges, the company secured significant project work in its Victorian construction-related businesses, expecting a return to historical revenue levels by FY26. The company generated $1.3 million in free cash flow, reducing net debt to $11.2 million, and decided not to pay a final dividend for FY25 to focus on debt reduction and future growth.
More about Ashley Services Group Ltd.
Ashley Services Group Ltd. operates in the labor hire and training industry, providing construction, traffic, and engineering labor hire services, as well as training services, with a focus on the Victorian market.
Average Trading Volume: 67,681
Technical Sentiment Signal: Sell
Current Market Cap: A$25.2M
See more insights into ASH stock on TipRanks’ Stock Analysis page.