Latest Accounting News

Mount Ridley Mines has used its FY2026 annual report to put scale and processing progress at the centre of its Grass Patch story, including a post-year-end scandium resource upgrade to 946.1 million tonnes. The company remains loss-making and pre-production, but September testwork reported approximately 92% scandium recovery and average heavy rare earth recovery of about 84%.

SOCO Corporation Ltd (ASX:SOC) reported a $6.35 million FY26 statutory loss after writing down its Axsym business, even as second-half revenue, margins and cash flow improved. The company enters FY27 with $9.5 million of contracted project value carried forward and a further $4 million secured since year-end.

Russell Investments Australian Responsible Investment ETF (ASX:RAR) reported a $304,000 loss for the year ended 30 June 2026, reversing a $69.892 million profit a year earlier. The fund still delivered a reported total return of 0.05% and lifted distributions to 168.11 cents per unit.

Celsius Resources has reported a sharply wider FY2026 loss after impairing its disputed interest in the MCB copper-gold project, while an Equinaire credit bid has complicated ownership of the Philippine asset. The company is relying on a pending Opuwo sale, fresh financing and arbitration to keep its development strategy alive.

Quay Global’s unhedged real estate fund swung from a $66.1 million operating profit to a $22.9 million loss in 2026, while its AUD hedged counterpart posted a $23.0 million profit. Both funds also recorded substantial redemptions after launching Active ETF classes.

Zenith Minerals more than doubled its flagship Dulcie gold resource to 675,000 ounces in FY26, but the company’s next chapter is now tied to Forrestania Resources’ conditional takeover offer. The annual report also details Takeovers Panel intervention, ongoing drilling and a cash balance of $4.23 million.

Quay Global’s two real estate funds delivered sharply different FY2026 results, with the unhedged fund swinging to a $22.852 million operating loss while the AUD Hedged fund recorded a $22.991 million profit. The year also brought large ETF redemptions, new currency-hedging disclosures and a major reset of Bennelong’s board after year-end.

Western Gold Resources has expanded the Gold Duke resource and production target, but its annual report carries a material uncertainty over the company’s ability to continue as a going concern. The project still needs a processing pathway, heritage consultation and further funding before production can begin.

Delorean Corporation’s SA1 Salisbury renewable gas project is more than 85% complete after the company returned to near break-even EBITDA in FY2026. But the annual report carries a material uncertainty over going concern, leaving commissioning, refinancing and new funding as critical tests for the ASX-listed developer.

Freehill Mining’s Chilean aggregates operation reached record quarterly sales as the company moved deeper into copper-gold development. But the stronger operating performance came alongside a larger loss, negative operating cash flow and a material uncertainty over its ability to continue as a going concern.

Middle Island Resources has outlined a much larger Serbian exploration portfolio after acquiring Konstantin Resources, with Bobija emerging as a broad shallow gold-silver polymetallic system. But the ASX explorer also reported a $3.35 million loss, $2.39 million in cash and an auditor-flagged material uncertainty over its ability to continue without further capital.

Rectifier Technologies has warned of a material uncertainty over its ability to continue as a going concern after revenue fell 41% and its annual loss widened to $6.39 million. An auditor-highlighted liquidity risk now sits alongside a $13 million order book and new EV charging products under development.