Avada revenue rises but Victorian impairment deepens half-year loss

Avada Group Limited ( (AU:AVD) ) has shared an update.

Avada Group Limited reported an 11% rise in half-year revenue to $101.5 million for the six months to 31 December 2025, but losses widened sharply as deteriorating conditions in its Victorian operations triggered a $15 million impairment on goodwill and other intangibles. The group posted a net loss after tax of $16.5 million, booked a $0.6 million provision for legacy receivables, slightly reduced contingent consideration on a prior acquisition, maintained negative net tangible assets per share, and confirmed it will not pay an interim dividend.

The latest results underline ongoing operational and balance sheet pressures despite top-line growth, with the Victorian impairment highlighting regional weakness and its drag on group profitability. While the independent review delivered an unmodified audit opinion, the absence of dividends and continued negative tangible equity will likely concern investors focused on Avada’s path to sustainable earnings and capital strength.

The most recent analyst rating on (AU:AVD) stock is a Sell with a A$0.11 price target. To see the full list of analyst forecasts on Avada Group Limited stock, see the AU:AVD Stock Forecast page.

More about Avada Group Limited

Avada Group Limited (ASX: AVD) operates through a group structure, providing services via its operating subsidiaries. The company’s activities are sensitive to regional market conditions, with performance in specific cash-generating units, such as its Victorian operations, having a material impact on its consolidated financial results.

Average Trading Volume: 11,792

Technical Sentiment Signal: Sell

Current Market Cap: A$10.62M

For an in-depth examination of AVD stock, go to TipRanks’ Overview page.