RPMGlobal Holdings (ASX:RUL) lowered its expected annual corporate costs to take into account the divestment of its advisory business in early April, according to a Tuesday filing with the Australian bourse.
The company now expects the run rate of its annual corporate costs to reach AU$11.3 million from July 1, down from $15.8 million before the sale of its advisory business to SLR Consulting on April 2.
In late February, RPMGlobal withdrew its fiscal year guidance as it did not know when the deal would be completed, per the filing.
The company said instead of providing guidance for the rest of the fiscal year, it will disclose an analysis of the underlying performance of its software business for the said year. A guidance for FY2026 will also be provided.
The mining software company's shares were down 2% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.