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Kelsian Group Limited (ASX:KLS)

ALERT: Price-sensitive ASX Announcement for KLS
Current share price for KLS : $4.330 -0.64 (-12.88%)+
Announcement
Release
3 Oct 2025 9:05AM
Price at Release
$4.970
Full Release
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Summary
Kelsian Group Limited announced a revised mobilisation plan for the Kangaroo Island Ferry Service, with a new commencement date set for 1 June 2026. The delay in the service start is due to vessel delivery postponements, intended to avoid disrupting customer service during peak periods. The new vessels, 'Wanggami' and 'Ruwi', will enhance service capacity by doubling vehicle meterage and increasing passenger capacity by 20%. Kelsian will offer discounted fares to residents during the transition phase and maintain current livestock freight fares until the end of 2026. The changes do not affect Kelsian's FY26 EBITDA guidance.
Key Points
  • Revised Kangaroo Island Ferry Service commencement date is 1 June 2026.
  • New vessels named 'Wanggami' and 'Ruwi' will double vehicle capacity and increase passenger capacity by 20%.
  • Transition plan includes discounted fares for residents and maintained livestock freight fares until December 2026.
  • No changes to FY26 EBITDA guidance.
  • The revised plan aims to minimize transition disruption during peak seasons.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.