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Aspen Group Sells Eureka Shares for $27.5M, Cuts Debt, Keeps EPS Steady
2:16am on Monday 2nd of June, 2025 AEST
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Real Estate
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Aspen Group Sells Eureka Shares for $27.5M, Cuts Debt, Keeps EPS Steady
2:16am on Monday 2nd of June, 2025 AEST
Key Points
Sale of 55 million Eureka shares at $0.50 each
Proceeds of $27.5 million to reduce net debt to approximately $92 million
Gearing ratio lowered to about 14%
Underlying EPS guidance for FY25 remains at 16.7 cents
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