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The latest announcement is out from Spirit Technology Solutions Ltd. ( (AU:ITS) ).
Infotrust reported a 9% rise in revenue from ordinary activities to $31.1 million for the half-year to 31 December 2025, but underlying EBITDA from continuing operations slumped 38% to $0.4 million as profitability came under pressure. The group’s total loss attributable to shareholders ballooned to $16.5 million, driven largely by a $15.6 million impairment on non-current assets in its soon-to-be-divested Nexgen cloud and communications unit, with discontinued operations posting a sharply higher loss despite an increase in profit before impairment.
While the loss from continuing operations narrowed slightly to $3.7 million from $4.2 million a year earlier, the heavy write-down linked to the Nexgen divestment pushed the consolidated bottom line deeply into the red and prompted the board to withhold dividends for the period. The reclassification of Nexgen as held for sale and treated as a discontinued operation underscores a significant reshaping of Infotrust’s portfolio, with the disposal expected to refocus the company on its remaining core businesses and potentially alter its competitive positioning in the ICT services market.
The most recent analyst rating on (AU:ITS) stock is a Sell with a A$0.41 price target. To see the full list of analyst forecasts on Spirit Technology Solutions Ltd. stock, see the AU:ITS Stock Forecast page.
More about Spirit Technology Solutions Ltd.
Infotrust Ltd is an ASX-listed technology and communications services group that has operated through cloud and communications operations under the Nexgen brand alongside other continuing business segments. The company focuses on providing cloud-based and telecommunications solutions to Australian enterprise and SME customers, positioning itself within the broader ICT services sector.
Average Trading Volume: 33,225
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$83.68M
See more data about ITS stock on TipRanks’ Stock Analysis page.