Solution Dynamics announces share buyback amid earnings guidance

Solution Dynamics Limited (NZX:SDL) announced plans to initiate an on-market share buyback program through the NZX, with a maximum value of $0.55 million, starting March 31, 2025. The company believes its current share price undervalues its business and assets, making the buyback a value-positive move for shareholders. The program, conducted under Section 65 of the Companies Act 1993 and NZX Listing Rule 4.14.1(a), could run for up to 12 months or until 735,990 shares (5% of shares on issue) are acquired. SDL also estimates its second half FY2025 earnings to be around breakeven to a loss of $0.3 million, translating to a full-year result between a $2.0 million to $2.4 million loss. The company cautions that market and customer uncertainty means the variability of guidance may be greater than normal. Consideration of an FY2025 dividend will be deferred until the full year result.