ASA International’s (ASAI) 4Q25 trading update confirms that group enjoyed a strong end to the year with gross OLP up 13% q/q. This momentum combined with strong cost discipline leaves the group well placed to deliver a doubling in net profit in FY25E. This financial momentum reflects the strong strategic delivery seen over the past 18 months and leaves the group well placed as it moves into 2026. Reflecting the latter, we upgrade our forecasts for FY26E by 12%. Although the shares have performe ....
