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Perenti Global ( (AU:PRN) ) has shared an update.
Perenti Limited has announced that its FY25 free cash flow is expected to reach approximately A$280 million, significantly surpassing its previous guidance of over A$150 million. This improvement is attributed to the completion of an underground mining contract in Botswana, improved working capital outcomes, and reduced net capital expenditure. The strong cash flow is anticipated to reduce net debt and improve leverage, positioning Perenti well for continued shareholder value delivery in FY26 and beyond.
The most recent analyst rating on (AU:PRN) stock is a Buy with a A$1.28 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.
More about Perenti Global
Perenti is an ASX-listed diversified mining services group specializing in contract mining, drilling services, mining services, and technology solutions. Headquartered in Perth, the company operates across four continents, focusing on creating enduring value and certainty for its investors, clients, employees, and communities.
YTD Price Performance: 25.46%
Average Trading Volume: 2,436,107
Technical Sentiment Signal: Buy
Current Market Cap: A$1.59B
For detailed information about PRN stock, go to TipRanks’ Stock Analysis page.