Latest Audit Qualification News

Clime Capital has received $8.5 million after a Victorian industrial development loan was refinanced, with the transaction expected to generate a $1.5 million FY27 gain. The settlement removes one material exposure from the unlisted investment pool under review after the company’s FY26 audit qualification.

DGL Group’s FY26 annual report lays bare a difficult year: revenue and underlying earnings fell, statutory losses widened and the auditor issued a qualified opinion over opening inventory. Management is betting on cost cuts, fuller facilities and a new liquid waste plant to repair performance in FY27.

Loftus Peak Global Disruption Fund delivered benchmark-beating returns across both its unhedged and hedged classes in the year to 30 June 2026, while net assets rose to $936.7 million. The annual report also records higher distributions and a clean audit opinion.

Corporate Travel Management (ASX:CTD) has posted a $17.7 million net profit for FY26, reversing a prior $348.5 million loss, supported by UK client settlements, new debt facilities, and a governance uplift program.

Teaminvest Private Group (ASX: TIP) posted a 19% increase in statutory profit for FY26, driven by strong active portfolio growth and disciplined capital allocation, while preparing to acquire Intelligent Investor in an earnings accretive deal.

Corporate Travel Management has arranged a $175 million debt facility with Pacific Equity Partners Credit, replacing its $75 million corporate facility to support UK client remediation and ongoing operations ahead of FY25 and 1H26 financial statements.

DGL Group reported a 5.8% revenue decline to $225.2 million in H1 FY26, weighed down by audit qualifications, ERP rollout delays, and one-off impairments. Despite these headwinds, the company cut net debt by $16.4 million and advanced strategic site consolidations and new facility investments.

Austal Limited has addressed ASX concerns over its half-year financial report, confirming compliance with accounting standards despite a qualified audit opinion linked to US Department of Defense contractual relief revenue.

Mayfield Childcare Limited reported a modest revenue increase for 2025 but suffered a dramatic net loss and faced an audit qualification over related party disclosures.

Austal Limited reported a 21% rise in net profit to $30.5 million for H1 FY2026 on $1.11 billion revenue, yet declared no dividends amid a qualified audit.

4DMedical has responded to ASX queries over its FY2025 financial report, clarifying assumptions behind intangible asset valuations and addressing the auditor’s qualified opinion.

Mayfield Childcare Limited has responded to ASX concerns over its half-year financial report, addressing a qualified auditor’s opinion linked to related party disclosures while confirming its financial health and ongoing ASX listing.