The S&P/ASX All Ordinaries Index (ASX: XAO) experienced a robust performance in FY25, achieving a 9.47% rise. However, not all stocks shared in this success. While the index’s total returns, including dividends, reached 13.23%, some shares faced significant declines. This article delves into the five ASX All Ords shares that saw the most substantial drops in value over the past financial year.
Top 5 ASX All Ords Decliners of FY25
IDP Education Ltd (ASX: IEL)
IDP Education Ltd saw its share price plummet by 76%, closing at $3.67 on June 30. The company, which specializes in international student placements and language testing, faced a challenging year. In May, IDP Education announced an anticipated 28% to 30% decrease in student placements for FY25, alongside an 18% to 20% drop in language tests.
Arthur Garipoli of Seneca Financial Solutions commented on the situation, attributing the decline to government policy uncertainties affecting international students.
“While the share price has fallen to reflect the downgrade, we see better opportunities elsewhere,”
he noted, highlighting the broader implications for the consumer discretionary sector.
Star Entertainment Group Ltd (ASX: SGR)
Star Entertainment Group’s shares fell by 72% as the casino operator struggled to secure necessary funding. The stock closed at 13.5 cents, following a decisive shareholder vote in favor of a takeover by Bally’s Corporation. The acquisition, backed by a $200 million investment from Bally’s and an additional $100 million from Star’s largest shareholder, aims to stabilize the company’s financial footing.
The move represents a significant shift for the beleaguered company, which has been navigating turbulent waters in the gaming industry.
Mineral Resources Ltd (ASX: MIN)
Mineral Resources Ltd experienced a 60% decline in its share price, closing at $21.56. The company, a key player in the mining sector, was hit hard by weak iron ore and lithium prices. Governance issues further compounded its challenges, with CEO Chris Ellison stepping down amidst financial scrutiny.
The board imposed penalties totaling $8.8 million on Ellison, alongside a forfeiture of up to $9.6 million in remuneration. This internal turmoil has raised questions about the company’s future direction and governance practices.
Pilbara Minerals Ltd (ASX: PLS)
Pilbara Minerals saw its share price decrease by 57%, ending at $1.335. The company, like others in the lithium sector, faced declining prices due to a global oversupply. This trend has been a significant factor affecting the broader market for lithium producers.
Platinum Asset Management Ltd (ASX: PTM)
Platinum Asset Management’s shares fell by 56%, closing at 46 cents. The fund manager is exploring a potential merger with L1 Capital, a move that could reshape its strategic direction. Despite issuing an update on the merger talks on June 18, there has been little news affecting its share price since then.
Platinum’s latest monthly update revealed $8,339 million under management as of May 31, with a net outflow of approximately $1.6 billion, including a significant institutional mandate termination.
Market Context and Future Outlook
The decline of these shares highlights the varied performance within the ASX All Ords Index, which slightly underperformed the S&P/ASX 200 Index (ASX: XJO) last year. While the ASX 200 saw a 9.97% rise and total returns of 13.81%, the challenges faced by these companies underscore the complexities of market dynamics.
Looking ahead, the focus will likely be on how these companies adapt to their respective challenges. For investors, the key will be identifying opportunities amidst the volatility, particularly in sectors affected by external factors such as commodity prices and regulatory changes.
As FY26 unfolds, the market will be closely watching these companies for signs of recovery or further decline, with broader implications for the Australian stock market landscape.
