Latest Class Actions News

ANZ Group Holdings reported a 31% rise in FY26 cash profit to A$7.591 billion, helped by sharp cost reductions and stronger Australian banking performance. The 83-cent final dividend was maintained, but rising impairments, weaker New Zealand earnings and heavier capital demands leave the next phase of the turnaround less straightforward.

Fair Isaac posted a strong fourth quarter, with revenue rising 27% to US$657 million and non-GAAP diluted EPS reaching US$11.10. But the company declined to provide fiscal 2027 guidance as it shifts mortgage customers to bespoke pricing amid continued housing-market pressure.

Westpac’s statutory FY26 profit fell 1% to $6.8 billion, while lending, deposits and underlying operating earnings moved higher. The bank maintained its fully franked final dividend at 77 cents per share, but rising impairment charges and margin pressure remain important counterweights.

Fatfish reported A$1.041 million in cash after selling Fatberry Thailand, but its delayed Q3 CY2025 update leaves the company suspended and unable to quantify the potential impact of alleged improper conduct. Operating cash outflows reached A$0.252 million during the quarter ended 30 September 2025.

Lovisa delivered another year of strong reported growth, with revenue rising 17.6% to A$938.8 million as its store network passed 1,100 locations. But comparable store sales grew just 2.0%, leaving management’s expansion engine carrying more of the load while executive incentive hurdles went unmet.

Domino’s Pizza Enterprises has lodged an appeal against the Federal Court judgment and orders in the Gall class action, keeping the company’s potential financial exposure unresolved. Cost orders have been stayed while the appeal proceeds, but no hearing date has been set.

Phoslock Environmental Technologies Limited (ASX:PET) reduced its September-quarter operating cash outflow to A$21,000 as sales receipts more than doubled from the previous quarter. The company has paused manufacturing in China after storage capacity was reached, while new lanthanum formulations and a first Phoslock 10 field trial move forward.

CSL has been named as the defendant in a group proceeding filed in the Supreme Court of Victoria, covering investors who acquired certain securities between February 2025 and May 2026. The company denies liability and says it will vigorously defend allegations involving continuous disclosure and FY26 performance statements.

Evolution Mining delivered record FY26 profit, cash flow and dividends as higher metal prices helped push the balance sheet into net cash. The annual report also sets out a sizeable copper growth program, a proposed Carnaby acquisition and the operational risks that could test the next phase.

Beach Energy delivered its strongest quarterly revenue result on record, with sales rising 41% to A$565 million as production increased 9% to 5.4 MMboe. Waitsia reliability improved, offshore abandonment work was completed and FY27 guidance remained unchanged.

Benjamin Hornigold will pay shareholders a fully franked special dividend of 6.2 cents per share on 18 November, following litigation updates and executed deeds of settlement. The distribution is worth more than its headline cash amount to eligible Australian shareholders because it carries full franking credits.

Netwealth has pushed total funds under administration to a record $139.2 billion, with managed accounts driving a quarterly surge in funds under management. But the company has lowered FY27 net-flow guidance and flagged fresh investment in loss-making acquisition Paradino, while defending First Guardian-related class action proceedings.