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National Tyre & Wheel Ltd. ( (AU:NTD) ) has issued an announcement.
National Tyre & Wheel Ltd. (NTAW) has announced an extension of the waiver of financial covenants related to its borrowing facility with the Commonwealth Bank of Australia (CBA) until March 31, 2026. Since June 2025, NTAW has repaid $12.3 million of its borrowing facility, with further repayments planned for the 2026 financial year, and the overall borrowing limit reduced by $13 million. CBA has expressed continued support for NTAW, aligning with the company’s current trading environment, and the borrowing facility remains in place until September 2027.
The most recent analyst rating on (AU:NTD) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on National Tyre & Wheel Ltd. stock, see the AU:NTD Stock Forecast page.
More about National Tyre & Wheel Ltd.
Average Trading Volume: 24,502
Technical Sentiment Signal: Sell
Current Market Cap: A$42.77M
Learn more about NTD stock on TipRanks’ Stock Analysis page.