Latest Financial Services News

Whitefield Industrials delivered a $21.1 million net profit for FY2026, upheld its long-standing dividend track record, and outperformed its benchmark despite geopolitical tensions and market volatility.

Centuria Capital Group launches a $300 million fully underwritten equity raise to accelerate its AI Factory pipeline via ResetData and expand its real estate and credit funds platform.

Findi Limited has voluntarily suspended trading of its shares pending an announcement on its ongoing strategic review and financing discussions, delaying the FY26 audited financial statements beyond the June 30 deadline.

EQT Holdings is stepping away from its superannuation trustee arm to sharpen focus on core corporate and wealth services, triggering a $13 million impairment and legal expenses in FY26.

NobleOak Life Limited boosted its Embedded Value by 9% to $2.34 per share as of December 2025, driven by strong premium growth and market share gains. The insurer exceeded its FY26 in-force premium guidance with a 16% increase to $538 million.

Australian Foundation Investment Company (ASX:AFI) plans a fully franked 14.5 cents per share final dividend alongside a 2.5 cents special dividend, subject to market conditions, while maintaining its on-market share buy-back.

SGH Ltd has greenlit a $500 million on-market share buy-back, signalling confidence in its financial position following improved leverage and cash flow. The program aims to balance shareholder returns with ongoing investment and growth ambitions.

Freedom Bidco has increased its unsolicited cash offer for Strata Investment Holdings to A$0.22 per share, presenting shareholders with a premium liquidity option ahead of Strata’s imminent ASX delisting. The offer includes a cash alternative and a share swap, while Freedom Bidco accuses Strata’s board of obstructive tactics and governance failings.

The Takeovers Panel has declined Humm Group’s request to swap its independent board committee chair, citing concerns over undisclosed conflicts and procedural missteps.

Ryder Capital Limited has launched a fresh on-market buy-back program targeting up to 8 million ordinary shares, extending its capital management strategy through mid-2027 without requiring shareholder approval.

Pengana Private Equity Trust (ASX:PE1) estimates its net asset value could jump by about AU$79 million after SpaceX's Nasdaq debut, lifting NAV per unit by roughly AU$0.29 based on mid-June pricing.

Strategic Elements Ltd has closed its Share Purchase Plan (SPP) after applications topped $3 million, exceeding the $2.5 million cap. The oversubscription highlights strong shareholder support as the company prepares for a more active phase leveraging the Pooled Development Fund structure.