The Motley Fool Australia
11h ago
Judo Capital shares slide after FY2026 profit guidance cut to $163 million–$169 million
Judo Capital Holdings Ltd (ASX: JDO) plunged 40.4% on 25 June after lifting its FY2026 cost of risk forecast and cutting its full-year profit guidance. The bank lowered FY2026 profit before tax guidance to $163 million–$169 million from $180 million–$190 million, and its FY2027 outlook also came in below market expectations. The company said provisions were tied to three deteriorating customer exposures across different sectors, reviving concerns over asset quality and risk controls. Investor Pulse’s Mark Elzayed reiterated a sell call, citing elevated provisioning risk, according to The Bull.