2 stories mentioning ASX:AMAUpdated 36d ago
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AMA Group (ASX:AMA) is set to buy back a maximum of 47.8 million of its ordinary, fully-paid shares in an on-market repurchase program, according to a Friday Australian bourse filing.The proposed program will start on May 25 and run until May 24, 2027, the filing said.
AMA Group (ASX:AMA) said unaudited normalized fiscal third-quarter pre-AASB 16 earnings before interest, taxes, depreciation, and amortization (EBITDA) fell to AU$17.9 million from AU$21.1 million in the third quarter of fiscal year 2025, according to a Wednesday Australian bourse filing.Revenue was AU$254.2 million compared to AU$249.6 million in the same period last year.The company said operating cash outflow for the fiscal Q3 was AU$400,000 after all lease costs and a AU$6.3 million income tax payment in March, compared to a AU$5.3 million inflow in the prior corresponding period, which included a significantly lower tax payment of AU$200,000.AMA Group maintained its fiscal year 2026 guidance, with normalized pre-AASB 16 EBITDA expected to be in the range of AU$70 million to AU$75 million, assuming broader geopolitical developments do not materially impact repair volumes.The company's shares rose 8% in recent Wednesday trade.
