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Avada Group Limited ( (AU:AVD) ) has provided an announcement.
Avada Group Limited reported a significant financial downturn for the year ended June 30, 2025, with a 10.5% decrease in revenue and a substantial loss of $17.6 million compared to a profit in the previous year. The company attributed these results to impairments of intangible assets in New Zealand and New South Wales, driven by economic challenges and market conditions, including reduced government funding and regulatory tightening, which have impacted commercial confidence and projected cash flows.
More about Avada Group Limited
Avada Group Limited is a company listed on the Australian Securities Exchange, operating since December 2021. The company is involved in the infrastructure sector, focusing on projects and maintenance works, with a market presence in regions such as New Zealand and New South Wales.
Average Trading Volume: 41,668
Technical Sentiment Signal: Sell
Learn more about AVD stock on TipRanks’ Stock Analysis page.