Aveng forecasts significant full-year loss

Aveng Limited expects to report a headline loss between A$83,800 and A$87,200 for the year ended 30 June 2025, reversing the prior year's A$37,970 profit. The company also forecasts a net loss of A$91,400 to A$93,200, compared to a A$25,660 profit previously.

The operating loss was impacted by the J108 and Kidston Pumped Hydro projects, alongside a new warranty provision in Southeast Asia. An impairment charge of A$11.9 million was recognized for assets identified for disposal in the Mining segment.