Latest Asset Disposal News

Echelon Resources (ASX:ECH) reported a 341% jump in net profit to A$28.2 million for FY26, driven by stronger gas prices and a A$12.1 million gain from its exit of Cue Energy. The group also repaid A$37 million of debt, leaving it well positioned for upcoming gas drilling at Palm Valley.

OM Holdings reversed a loss to report a US$26.3 million profit in 1H 2026, driven by a major asset disposal and improved product margins despite lower sales volumes.

Goodman Group delivered a robust FY2026 result, with statutory profit soaring 66.7% to $2.78 billion and operating profit rising 15.7%. The industrial and logistics property giant maintained steady dividends amid portfolio expansion and increased gearing.

Stockland (ASX: SGP) posted a 20.2% jump in statutory profit to $994 million for FY26, driven by record residential settlements and expanded capital partnerships, while maintaining a stable distribution and gearing within target ranges.

Novo Resources has progressed its Belltopper Gold Project with a planned diamond drilling campaign and completed maiden Pilbara drilling programs, while reporting a $3.9 million net loss for H1 2026 and bolstering liquidity through capital raises.

Freightways reported a solid FY26 with 13.5% revenue growth to NZD 1.46 billion and a 17.3% rise in net profit, underpinned by strong Australian market gains and operational efficiencies despite economic headwinds.

WA Kaolin Limited has entered receivership with Cathro & Partners taking control, signalling urgent assessment of operations and potential sale or recapitalisation.

Li-S Energy marked key commercial and regulatory milestones in Q2 2026, including ISO 9001:2015 certification for its lithium foil line, first commercial foil sale, and US air transport approvals for lithium-sulfur cells. The company also completed a major Battery Testing Centre expansion and began deep-ocean cell testing with MSubs.

Multistack International ended the June quarter with a sharp drop in cash reserves following the disposal of its main undertaking, while ongoing operating cash outflows highlight a cautious outlook amid strategic transition.

Sena & Co Limited has launched a conditional full takeover offer for the remaining shares of 2 Cheap Cars Group Limited, aiming to increase its stake from 75.9% to at least 90%. The NZ$0.80 per share cash offer comes with plans to delist 2CC and maintain current operations.

Lendlease has finalised the sale of its UK Build to Rent portfolio at Elephant Park, London, recycling capital with cash proceeds of approximately $260 million expected in FY26.

Eureka Group Holdings (ASX: EGH) expects FY26 underlying EBITDA to meet or exceed $21.1 million, driven by seniors’ occupancy above 97% and rent growth exceeding 6%. Capital recycling and a robust acquisition pipeline support growth.