Latest Financial Services News

Klevo Rewards has completed the acquisition of Just Ask Solar, gaining an Australian Credit Licence to support its digital financial services platform and explore credit products, including crypto-linked offerings.

WT Financial Group's FY2026 indicative results reveal a 22% rise in EBITDA to $8.4 million and a 20% increase in net profit before tax, driven by scalable adviser network efficiencies and strategic investments.

VanEck Investments Limited has issued a comprehensive Replacement Product Disclosure Statement for its suite of 27 ETFs on the ASX, updating investment strategies, fee structures, risk factors, and operational details.

WAM Income Maximiser has posted a 19.2% investment portfolio gain for the year ended June 2026, outperforming its benchmark by 13.4% with notably lower volatility, while increasing fully franked dividends to an annualised yield of 6.9%.

Ariadne Australia anticipates a net profit of $2.0 million to $3.0 million for FY26, a sharp turnaround from the previous year's loss, driven by strong contributions from Orams Group and gains in key investments despite currency headwinds.

Pioneer Credit has reported a breakout FY26 with a 248% jump in NPAT to $23.2m and is raising $17m to fuel further Purchased Debt Portfolio investments in FY27.

Count Limited (ASX:CUP) is set to complete its acquisition of Oracle Group with a revised upfront consideration of about $49 million and increased expected cost synergies of $1.25 million annually.

Barramundi’s portfolio returned a solid 3.8% gross gain in Q2 2026, driven by strong AI-related infrastructure plays and takeover interest in key holdings, despite sector volatility and profit downgrades in healthcare and logistics.

Perpetual Limited has formally dismissed EQT AB’s improved but conditional acquisition proposal, deeming the offer insufficient for shareholders amid ongoing strategic shifts.

Ironbark Balanced Income Limited (ASX:IBC) has initiated a fresh on-market buy-back targeting up to 10 million shares, representing roughly 10% of its issued capital, set to run from July 2026 through July 2027.

Imperial Pacific Limited reported a robust 26.5% rise in net worth to $13.5 million for the year ending June 2026, driven by strong investment portfolio growth and a $221,000 capital raise.

Excelsior Capital Limited plans a capital return of approximately A$27.43 million, about 94.6 cents per share, as it moves to wind up its investment portfolio and delist from the ASX. Shareholder approval is sought at a meeting on 17 August 2026, with trading suspension and removal from the official list scheduled for late August.