Latest Accounting News

Maggie Beer Holdings reports a sales increase for 1H FY25 but faces declining EBITDA, prompting a strategic overhaul focused on cost reduction and operational streamlining.

Solstice Minerals has secured the advanced Nanadie Copper-Gold Project in Western Australia, acquiring a JORC-compliant Inferred Mineral Resource of 40.4Mt at 0.4% copper and 0.1g/t gold. The acquisition positions Solstice for growth amid strong long-term copper demand.

Kelly Partners Group Holdings Limited reported a robust 22.8% revenue increase to $64.9 million in the first half of 2025, underpinned by strategic acquisitions and international expansion, particularly in the US market.

Kelly Partners Group Holdings Limited posted a robust half-year result ending December 31, 2024, with revenues climbing 22.8% to $64.9 million and profits attributable to owners rising 27.6% to $2.5 million, driven by strategic acquisitions and organic growth.

SportsHero has secured a two-year deal with Indonesia’s third-largest telco, XL Axiata, to market its iGV Family Game Pass, leveraging Direct Carrier Billing to tap into 8.3 million PC gamers. This partnership positions SportsHero at the forefront of Southeast Asia’s rapidly growing esports sector.

Macquarie Investment Management Australia Limited has announced a final distribution of 3.9 cents per unit for its Income Opportunities Active ETF for the period ending 31 January 2025, alongside key dates for distribution and reinvestment options.

Pinnacle Investment Management Group Limited has reported a remarkable 151% increase in net profit after tax for the first half of FY2025, driven by strong performance fees and significant growth in funds under management. The firm’s strategic international acquisitions and diversified affiliate platform underpin its robust outlook amid ongoing market uncertainties.

JPMorgan Asset Management has updated its February 2025 cash distribution amounts for several of its equity premium income ETFs, reinforcing its commitment to delivering steady income streams to investors.

Altair Minerals has announced the acquisition of the Venatica Copper Project in Peru, a district-scale opportunity boasting high-grade copper mineralisation and strategic proximity to world-class mines. This move significantly expands Altair's portfolio with promising exploration potential in a globally significant copper belt.

Briscoe Group Limited reported a modest 0.96% sales increase in the fourth quarter, nearly matching last year's record full-year sales despite a challenging retail environment. The company’s online sales mix grew to nearly 20%, signaling a strategic pivot as it prepares for a technology upgrade.

Athena Resources has appointed Peter Jones as Managing Director and CEO, aiming to leverage his extensive Mid-West iron ore experience to advance the high-grade Byro Magnetite Project.

WAT Resources Ltd has successfully produced ferroniobium from its Luni niobium concentrate, marking a key milestone in the West Arunta Project’s development. The proof-of-concept testwork confirms the viability of a conventional production process and sets the stage for further optimisation and product diversification.