Latest Accounting News

ikeGPS delivered a robust 4Q FY25 with a 48% jump in annual subscription revenue and closed NZ$12 million in contracts, while receiving a non-binding acquisition approach valuing the company at around NZ$165-170 million.

National Australia Bank’s first quarter update reveals a modest 2% dip in cash earnings despite a 3% revenue increase, as credit impairment charges and expenses rise. The bank’s refreshed strategy and strong capital position set the stage for cautious optimism.

Corporate Travel Management delivered robust first-half results led by ANZ and North America, while previewing ambitious FY26 targets to double EPS within five years.

Bell Financial Group reported a robust 26.4% increase in profit after tax to $30.7 million for 2024, underpinned by strong performances across all divisions and a declared fully franked final dividend of 4.0 cents per share. The Group is actively pursuing growth through acquisitions and strategic account transfers, positioning itself for a cautiously optimistic 2025.

Babylon Pump & Power Limited reported a 22% revenue decline for the half year ending December 31, 2024, yet achieved a 64% surge in profit after tax, driven by operational efficiencies and strategic contract wins.

Ausmon Resources Limited has launched a Share Purchase Plan offering shareholders shares at an 8.6% discount, with potential tax credits for Australian investors. The move aims to strengthen the company’s balance sheet and fund exploration activities.

Ignite Limited’s half-year results reveal a 7% revenue decline but a striking 189% surge in net profit, underpinned by margin improvements and cost efficiencies. The company also announces an interim dividend, signaling confidence in its turnaround strategy.

BSA Limited has been verbally informed by NBN Co that it is unlikely to secure the new Field Services Contract, a deal that accounted for about 80% of its FY2024 revenue. The company is now evaluating strategic options amid this significant setback.

Antilles Gold Limited is raising $1 million through a share and option placement to support working capital and development of its Nueva Sabana copper-gold mine in Cuba.

SG Fleet Group reported a solid $41.1 million NPAT for the first half of 2025, driven by strong disposal volumes and fleet growth across Australia, New Zealand, and the UK. While profit dipped from last year, the company anticipates normalization in the second half.

ARB Corporation Limited reported a 5.9% increase in sales revenue to $361.7 million for the half year ended December 2024, while profit margins slightly contracted. Strategic acquisitions in the US and Australasia underpin the company’s cautious optimism for future growth.

AUCyber Limited reported a substantial $19.5 million net loss for the half-year ended December 2024, driven by a $14.7 million impairment following underperformance post-merger. The company has since received and recommended a takeover bid from 5G Networks Limited.