Latest Accounting News

Gowing Bros’ FY2026 loss widened to $3.49 million as Surf Hardware International remained deeply loss-making and investment properties were marked down by $3.0 million. The ASX-listed investment company kept its fully franked final dividend at 3 cents per share, despite negative operating cash flow and lower cash reserves.

KGL Resources says its Jervois copper project is funded through construction and ramp-up after a US$300 million Wheaton agreement and a post-year-end A$300 million equity raising. The company is now targeting a final investment decision in the second half of 2026 and first copper concentrate in 2028, while its annual report highlights the execution risks still attached to that timetable.

Coolabah Active Global Bond Fund delivered net returns of up to 6.20% in the year to 30 June 2026, ahead of its global bond benchmark. The fund also added an ASX-traded ETF class shortly before year-end, while using repurchase agreements and derivatives as part of its strategy.

Rubix Resources ended FY2026 with a $1.283 million loss, only $95,001 in cash and a net asset deficit, prompting its auditor to flag a material uncertainty over going concern. The company’s Paperbark drilling produced an encouraging copper signal, but further exploration depends on fresh funding.

Cann Group’s FY2026 profit was transformed by a one-off A$55.7 million debt-forgiveness gain, while a leaner cost base and new export sales offered more durable progress. The company remains loss-making on a normalised basis and dependent on lender waivers and a future refinancing.

Strickland Metals has lifted its Rogozna resource to 9.25 million ounces of gold equivalent, but the exploration company also reported a A$10.39 million FY2026 loss. The cash balance rose sharply after a A$55.11 million placement as the company prepares for studies, permitting and a leadership transition.

Charger Metals has reduced its FY2026 loss and secured $3.75 million from the sale of Bynoe, giving the lithium explorer more room to advance its Lake Johnston assets. The company’s Medcalf resource now stands at 10.6Mt, although further drilling and funding will be needed to test its economic potential.

TerraCom has been suspended from trading while it completes audited FY2026 results expected to include material impairments to its South African and Australian assets. The company has not yet disclosed the size or effect of those write-downs.

Macquarie Global Small Companies Fund reported a A$561,000 operating profit in its first financial period after launching three unit classes in June. The fund ended the period with A$11.757 million in net assets, although its short start-up period offers little basis for judging full-year performance.

Macquarie Global Yield Maximiser Fund delivered a 48.6% increase in operating profit and more than doubled net assets to A$340.7 million in the year to 30 June 2026. The expansion came alongside sharply higher distributions, although the portfolio’s larger exposure to debt securities leaves interest rates and credit spreads central to the next phase.

Macquarie Subordinated Debt Fund (ASX:MQS) reported a sharp increase in operating profit and assets for the year ended 30 June 2026, powered by the expansion of its active ETF class. The audited accounts also show the fund’s returns remain closely exposed to interest rates, credit spreads and debt-market valuations.

Macquarie Core Australian Equity Active ETF more than doubled its net assets to $1.138 billion in the year to 30 June 2026, powered by $676.067 million of new applications. Profit rose 50% to $33.876 million, while distributions increased to 30.93 cents per unit.