Latest Industrial Engineering News

Sprintex has cleared a key hurdle in a UK water utility procurement process, positioning itself for participation in a £104 billion infrastructure upgrade cycle focused on energy-efficient wastewater treatment.

Austin Engineering has addressed ASX concerns over its half-year earnings, confirming compliance with disclosure rules despite downward revisions to FY26 guidance.

Verbrec Limited reports a strong first half of FY2026, with revenue climbing to $46.1 million and EBITDA more than doubling, driven by the strategic acquisition of Alliance Automation.

Verbrec Limited has reported a remarkable turnaround in its half-year results, posting a $9 million net profit and announcing its first interim dividend in the current period. Strategic acquisitions and a sharp rise in net tangible assets underpin this strong performance.

Austin Engineering Limited has reported a dramatic fall in revenue and EBITDA for the first half of fiscal 2026, yet it has declared a modest interim dividend, signalling cautious confidence amid challenges.

LaserBond Ltd has reported a robust first half of FY26, with revenue up 13.4% and net profit after tax more than doubling, underpinned by a significant licensing agreement with Komatsu and ongoing R&D investments.

EVZ Limited has reported a robust half-year financial performance, with revenue rising 16.5% to $63.1 million and net profit after tax surging 191% to nearly $2 million. The company’s disciplined cash management and improved margins underpin this growth.

Sprintex Limited has raised A$3.625 million through option exercises and a share placement, strengthening its balance sheet and accelerating growth following a landmark €15.6 million contract with Mest Water.

Matrix Composites & Engineering has fully redeemed its $7.5 million convertible note, replacing it with a new term loan facility from NAB that offers improved terms and a streamlined debt structure.

Verbrec Limited has agreed to acquire Alliance Automation for $5.5 million, significantly expanding its automation and digital capabilities while adding over $60 million in annual revenue.

Austin Engineering has lowered its FY26 revenue and EBIT forecasts due to challenges in key contracts and operational inefficiencies, while outlining strategic measures to restore profitability.

Sprintex has successfully delivered and begun commissioning integrated control systems for Mest Water’s Netherlands facility, marking a key milestone before commercial production scale-up and a potential €9.3 million maiden order.