Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Nexion Group Ltd. ( (AU:NNG) ) has issued an update.
Nexion Group reported a sharp turnaround to a net profit attributable to owners of $6.3 million for the half year to 31 December 2025, compared with a $0.5 million loss a year earlier, largely driven by a $6.4 million profit from discontinued operations following the sale of key subsidiaries. Revenue from discontinued operations fell 37% to $1.23 million, while continuing operations remained small with $57,362 in revenue and a modest loss, and no dividends were declared as the company focuses on restructuring.
The group’s net tangible asset backing per share improved significantly to 1.079 cents from negative 1.864 cents, underscoring the balance-sheet impact of disposing of Nexion W1 DC Pty Ltd, Blue Sky Telecom Pty Ltd and Nexion Networks Pty Ltd. These subsidiaries were fully divested in 2025, resulting in loss of control and consolidation only up to completion dates, which materially reshaped the company’s operations and financial profile for stakeholders.
The most recent analyst rating on (AU:NNG) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Nexion Group Ltd. stock, see the AU:NNG Stock Forecast page.
More about Nexion Group Ltd.
Nexion Group Ltd is an Australia-based technology company listed on the ASX that operates through subsidiaries providing data centre, telecom and network services. The group has recently divested several wholly owned operating entities, reflecting a shift in its corporate structure and asset base within the ICT and managed services market.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.05M
For detailed information about NNG stock, go to TipRanks’ Stock Analysis page.