Academies Australasia (ASX:AKG) Shares Slide: What's Behind the Drop?

Sonal Goyal

10 November 2026 07:04 PM AEDT

Academies Australasia (ASX:AKG) Shares Slide: What's Behind the Drop?

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Key highlights

Academies Australasia shares were down 20.00% at $0.080 during the 10 November 2026 trading session.
FY26 Revenue fell 6.9% to $44.27 million, while the after-tax loss widened 11% to $1.42 million.
Adjusted EBITDA declined 12% to $6.61 million from $7.50 million a year earlier.

Academies Australasia Group Ltd (ASX:AKG) shares dropped 20.00% to $0.080 during the 10 November 2026 trading session, while the S&P/ASX 200 gained 1.34%, or 121.20 points, to 9,150.90. The company reports on a June financial year-end. Its latest update is its Appendix 4E preliminary final report for the year ended 30 June 2026, which set out the group's full-year numbers for FY26.

FY26 revenue and loss

Academies Australasia reported revenue from ordinary activities of $44,267,000 for FY26, a decrease of 6.9% on the prior year. The company said its growth opportunities were severely curtailed during the period, which it described as another very challenging year.

The loss from ordinary activities after tax attributable to members was $1,418,000, up 11% from the prior period loss of $1,282,000. The net loss attributable to owners of the parent was also $1,418,000.

Earnings before interest, tax, Depreciation and amortisation

Adjusted EBITDA fell 12%, from $7,497,000 in FY25 to $6,611,000 in FY26. The company notes that EBITDA is not a term prescribed under Australian Accounting Standards, so the figure is shown as an adjusted measure.

Taken together, the figures show a year in which revenue and Earnings before interest, tax, depreciation and Amortisation both moved lower, while the loss widened slightly.

Sector context

Smaller listed companies in service-based sectors can see their share prices respond sharply to annual results when earnings move in an unexpected direction. Academies Australasia's share price is trading at eight cents, a level where moves in either direction can be pronounced.

Risks

The FY26 result shows lower revenue and a higher loss, and the company's own commentary points to limited growth opportunities during the year. If revenue pressure continues, the company may face difficulty restoring earnings to earlier levels.

Shares at low prices are also generally more sensitive to changes in sentiment and trading volumes, which can amplify daily moves.

What to watch ahead

Investors will be looking for the full Annual Report and the company's outlook for FY27, including any commentary on enrolment trends, cost measures and the revenue base. Any update on the group's ability to rebuild growth will be a key point to follow.

Final Word

Academies Australasia's share price move during the 10 November 2026 session came after the release of a FY26 result with lower revenue and EBITDA alongside a wider loss. The company's next disclosures will show how it plans to move forward from this period.

FAQs

Q: How much did Academies Australasia revenue fall in FY26?

A: Revenue from ordinary activities fell 6.9% to $44,267,000 in the year ended 30 June 2026.

Q: How large was the FY26 loss?

A: The loss from ordinary activities after tax attributable to members was $1,418,000, up 11% on the prior period.

Q: What happened to adjusted EBITDA?

A: Adjusted EBITDA fell 12% to $6,611,000 from $7,497,000 in FY25.

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