Latest Industrial News

ALS Limited has updated its Dividend Reinvestment Plan price to AUD 22.93 and confirmed the share allocation date as 3 July 2026 for its interim dividend covering the six months to March 2026.

Sprintex has landed a three-year exclusive distribution agreement in Taiwan with Shing Yu, including a paid trial at TSMC’s wastewater facilities aiming to cut energy use by half.

Southern Cross Electrical Engineering (ASX:SXE) has launched a non-underwritten Share Purchase Plan targeting up to $15 million at $4.00 per share, matching its recent institutional placement price. The raise aims to support working capital for new projects and provide flexibility for future acquisitions.

Southern Cross Electrical Engineering (ASX:SXE) has secured $150 million through a fully underwritten institutional placement priced at $4.00 per share, aiming to support new contracts and potential acquisitions. A $15 million share purchase plan will follow, offering existing shareholders a chance to participate.

Whitefield Industrials updates its dividend details for the half-year ending March 2026, confirming a fully franked dividend of 10.5 cents per share and setting reinvestment plan prices at AUD 4.57 without discounts.

IPD Group signals a strong FY26 with EBITDA guidance up 18% and robust revenue growth, underpinned by acquisition integration and operational efficiencies.

MAAS Group Holdings reconfirms FY26 EBITDA guidance, reports 35% completion on a $200 million AI factory electrical contract, progresses $1.7 billion construction materials sale, and expands debt facilities to support growth.

Janus Electric has raised A$4.5 million through a discounted private placement, aiming to accelerate battery supply, truck production, and certification efforts across Australia and North America.

Janus Electric has begun generating export revenue in the US while expanding its electric truck fleet to 28 vehicles and significantly improving its cash position through a $1.4 million R&D tax refund and a $2.75 million finance facility.

Babylon Pump & Power’s shares remain suspended from ASX trading as the company delays disclosure of a material transaction and capital raising, prolonging market uncertainty beyond the initial deadline.

Babylon Pump & Power (ASX: BPP) has voluntarily suspended trading as it negotiates a major acquisition and capital raise that could significantly expand its operations. The suspension aims to prevent uninformed market activity while details remain uncertain.

Coventry Group reported a modest 1.4% rise in Q3 FY26 sales but delivered a striking 72% EBITDA jump in March, driven by operational improvements and cost efficiencies. The upcoming Steelmasters integration promises further upside.