CSL shareholders in shock as share price falls 15% in one day
What happened to the CSL share price?
A 15% fall in a single day. That’s what CSL Ltd (ASX:CSL), one of the biggest companies on the ASX, delivered after its FY25 results and transformation announcement. The numbers themselves looked solid: revenue up 5% to US$15.6 billion, NPAT up 17% to US$3.0 billion, and free cash flow up 58%. So why did the market hammer the stock?
What spooked investors
Two words: guidance and restructuring. Management forecast FY26 NPATA growth of 7–10% excluding restructuring, but flagged one-off pre-tax restructuring costs of US$700–770 million. These stem from headcount cuts (up to 15%), plasma centre closures, and a major shake-up of CSL’s R&D…
