Latest Industrial News

Vulcan Steel has successfully closed its retail entitlement offer, contributing to a total capital raise of approximately A$146.5 million. The new shares will begin trading next week, marking a significant step in the company’s growth trajectory.

Washington H. Soul Pattinson and Brickworks Limited are advancing their proposed merger with key shareholder meetings and Supreme Court hearings scheduled in September 2025.

Mayfield Group Holdings Ltd has reported a landmark financial year with revenues soaring nearly 38% and profits climbing over 32%, driven by strong demand in Data Centres and AI infrastructure sectors.

Duratec Limited has announced a fully franked final dividend of AUD 0.025 per share for the fiscal year ending June 2025, accompanied by a Dividend Reinvestment Plan offering a 5% discount on new shares.

Mader Group Limited has reported a solid 13% increase in both revenue and profit for the 2025 financial year, accompanied by a notable rise in dividends.

PRL Global Ltd reported a robust 16.8% revenue increase to $1.48 billion for the year ended June 2025, yet net profit after tax plunged by over 50%, prompting a cautious dividend outlook.

Reece Limited has announced an ordinary fully franked dividend of AUD 0.1186 per share for the six months ending June 2025, signaling steady shareholder returns ahead of the payment date in October.

Reece Limited reported a 20% decline in EBIT for FY25, reflecting soft demand in both ANZ and US markets despite strategic branch expansions and acquisitions.

Codan Limited has announced a fully franked ordinary dividend of AUD 0.16 per share for the six months ending June 30, 2025, with payments scheduled for mid-September.

Downer EDI Limited has announced an on-market buy-back of up to 33.6 million ordinary shares, set to run from September 2025 through June 2026. The move signals a strategic capital management initiative without requiring shareholder approval.

Emeco Holdings reported a 5% decline in revenue for FY2025 but achieved a striking 43% increase in net profit, while opting not to pay any dividends.

Sprintex has landed a landmark three-year private-label supply agreement worth A$9.3 million with Guangdong Baode Technology, marking its entry into China’s vast aquaculture market.