Latest Industrial News

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.

EVZ Limited has upgraded its banking facilities by replacing Commonwealth Bank with HSBC, expanding total committed credit to $15.5 million. The new arrangements offer improved terms and greater financial flexibility to support growth across its Energy & Resources and Building Products divisions.

Monadelphous Group Limited has updated its dividend announcement, confirming a fully franked ordinary dividend of 49 cents per share and setting the Dividend Reinvestment Plan price at $27.36. The payment is scheduled for late March, offering shareholders a no-discount DRP option.

Supply Network Limited has forecast a solid half-year profit of $22.9 million alongside a fully franked interim dividend of 36 cents per share, signalling steady performance in its supply chain operations.

Reece Limited has increased its on-market share buyback target by $50 million, raising the total to $85 million as part of its disciplined capital management strategy.

Whitefield Industrials Limited has confirmed a fully franked ordinary dividend of AUD 0.105 per share for the half-year ending September 2025, alongside setting the Dividend Reinvestment Plan and Bonus Security Plan issue price at AUD 5.39.

Austin Engineering Limited has announced an on-market buy-back of its ordinary shares, set to run from December 2025 through October 2026, signaling a strategic move in capital management.

Whitefield Industrials Limited has announced a fully franked ordinary dividend of AUD 0.105 per share for the half-year ending September 2025, alongside shareholder reinvestment options.

Reece Limited has announced a new on-market share buyback of up to $35 million, following its recent $365 million off-market buyback, signaling continued confidence in its capital management strategy.