Latest Prestal (ASX:PTL) News

Prestal Holdings Limited (ASX: PTL) has voluntarily suspended trading in its shares pending disclosure of a significant transaction. Details remain under wraps as the company complies with ASX requirements.

Prestal Holdings plans to sell its core Hampers with Bite business to Gourmet Brands for up to $1 million, pending shareholder approval. The sale aims to free capital for new acquisitions but places pressure on Prestal to meet ASX compliance within six months.

Prestal Holdings reports a significant 26.4% decline in revenue and a sharp fall in EBITDA for the first half of FY26, reflecting ongoing market challenges. Despite the downturn, the company maintains a strong cash position heading into the new year.

Prestal Holdings reported a sharp 25% revenue decline and a staggering 133% increase in net loss for FY2025, yet still declared a special dividend and capital return.