Latest Accounting News

Equinox Resources’ maiden drilling at Mata da Corda reveals a rich titanium mineral assemblage, setting the stage for pilot-scale processing and resource definition. Ongoing metallurgical testwork aims to unlock multi-commodity potential including iron and rare earth elements.

Aumake Limited reports a robust 160% year-on-year surge in quarterly cash receipts to A$12.7 million, driven by new strategic partnerships and operational efficiencies. The company also implements executive salary cuts to sharpen its path toward cash flow positivity.

Altamin Limited reports steady progress on its Lazio and Gorno projects, with positive testwork confirming the feasibility of sulphate of potash, lithium carbonate, and boron recovery from geothermal brines. The company moves closer to pre-feasibility studies and environmental approvals amid a tight cash position.

Prime Financial Group has acquired Lincoln Indicators, significantly expanding its wealth management platform and client base. The deal is expected to boost recurring revenue and contribute to Prime’s ambitious growth targets.

DroneShield Limited has reported a record-breaking first quarter with $33.5 million in revenue, more than doubling year-over-year, supported by a robust $94.4 million in committed purchase orders and a burgeoning SaaS segment. The company’s expansive $1.6 billion sales pipeline and strong cash position set the stage for accelerated growth in the counter-unmanned systems market.

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.