Latest Financial Services News

Pioneer Credit has successfully negotiated a 100 basis point margin reduction on its $272.5 million senior finance facility, significantly lowering its borrowing costs and reaffirming strong profit guidance for FY26.

Whitefield Industrials reports a $10.5 million net profit for H1 2026, with a strong 17.1% annualised return over three years, maintaining its track record of benchmark outperformance and announcing a 10.5 cent fully franked dividend.

MONEYME reported a robust start to FY26 with a 26% increase in its loan book and improved credit metrics, driven by strong originations and strategic product expansions.

Cash Converters International Limited has launched a $25 million equity raising to fund the acquisition of 29 franchise stores, expanding its corporate footprint on Australia's East Coast. The move aligns with its growth strategy targeting disciplined franchise acquisitions in Australia and the UK.

Cash Converters International Limited has launched a $25 million equity raising to fund the acquisition of 29 Australian franchise stores, aiming to expand its corporate store network and enhance earnings. The move is backed by major shareholder EZCORP, signaling confidence in the company’s growth strategy.

Netwealth has lodged a formal application for government financial assistance following a $101 million exposure linked to alleged fraud in the First Guardian Master Fund, impacting over a thousand members.

Wisr has reported a robust start to FY26, with loan originations soaring 90% year-on-year and a 15% expansion in its loan book, supported by improved credit quality and a solid capital position.

Wisr Limited reported a robust start to FY26 with a 15% increase in its loan book and improved credit metrics, reaffirming its full-year guidance amid strong momentum.

OFX Group reports solid progress in migrating corporate clients to its new platform, OFX 2.0, despite a decline in net operating income driven by macroeconomic uncertainty. The fintech’s strategic product launches and client growth signal potential for recovery.

Income Asset Management reports a 34% rise in Q1 FY2026 revenue despite uncovering a $3 million fraud involving a former employee, maintaining positive EBITDA and strong client engagement.

Spenda Limited has announced a 10-for-1 consolidation of its ordinary shares and multiple option classes, reshaping its capital structure with trading on a deferred settlement basis starting early December.

Finexia Financial Group has revised its FY25 financial results, increasing impairment losses on its Stayco investment and raising its total loss before tax to $6.82 million.