Latest Asx Company Updates News

Highfield Resources reports steady progress on a proposed $300 million equity placement with Qinghai Salt Lake, aiming to accelerate its flagship Muga and Southey potash projects. While due diligence advances, no binding deal is yet secured.

Enero Group has sold its stake in OBMedia, taking a non-cash loss, while projecting EBITDA at the top of its FY25 guidance, driven by its core marketing agencies.

Coventry Group Limited has appointed Nik Alpert as Acting Group CEO, while announcing the retirement of CFO Rod Jackson and the upcoming appointment of Patrick Maloney as his successor.

High-Tech Metals Limited has appointed Tyler Formica to its board following a $2.5 million capital raise, while the company begins its search for a new CEO after not extending Warren Thorne's contract.

Cogstate Ltd has upgraded its FY25 financial guidance, projecting a 20-24% revenue increase and nearly doubling profit before tax compared to last year.

Adairs Limited projects modest overall growth for FY25, buoyed by strong performances from Adairs and Mocka brands, while Focus on Furniture struggles with declining sales and earnings.

Auric Mining has launched mining operations at the Munda Gold Mine Starter Pit, marking a key milestone with the first blast and steady progress toward October completion. The company is poised to expand with plans for a larger pit next year amid a bullish gold market.

Zip Co Limited has raised its FY25 cash EBTDA guidance to at least $160 million, driven by robust transaction growth in the US market exceeding 40% year-on-year in May 2025. The company also continues its share buy-back program amid steady credit performance.

Pure Foods Tasmania has raised $100,000 through a share placement and appointed directors to new operational roles aimed at driving sales growth and improving cost efficiency.

IDP Education has revised its FY25 guidance, forecasting a sharp decline in student placements and language testing volumes due to persistent immigration policy uncertainty across key markets including the UK, Australia, Canada, and the US.

Tambourah Metals has appointed seasoned geologist Terry Topping as CEO to spearhead development of its Pilbara and Bryah gold projects alongside the Speewah North antimony asset.

Mayfield Childcare Limited reports a significant operational and financial turnaround in Q2 FY25 under new CEO Daniel Stone, with improved earnings and cost efficiencies despite ongoing sector pressures.