Latest Audit News

Queste Communications is seeking shareholder approval to leave the ASX, arguing that limited trading, concentrated ownership and listing costs no longer justify its quoted status. If approved and accepted by ASX, trading could end on 29 December 2026, leaving shareholders to sell privately after delisting.

Orion Equities will ask shareholders to approve a voluntary ASX delisting, arguing that sparse trading, concentrated ownership and annual listing costs no longer justify its quoted status. The move would leave shareholders relying on private transactions to sell their shares if the delisting proceeds.

GR Engineering Services delivered stronger FY26 earnings and lifted its dividend, but the scale of its new project pipeline is bringing a substantial working-capital requirement. The ASX-listed contractor is forecasting FY27 revenue of A$825 million to A$850 million after securing more than A$1 billion in contracts since April.

Bougainville Copper has asked the ASX to reinstate quotation trading after lodging its delayed half-year report, but the exchange has not yet approved a resumption. The company has acknowledged repeated reporting failures and introduced tighter internal controls.

Australian Mines has moved its Flemington scandium project into a larger pre-feasibility study while Boa Vista drilling adds a second growth track. But the FY2026 annual report also records a A$7.1 million loss, A$5.0 million in impairments and a material uncertainty over continued funding.

OFX’s proposed $1.00-per-share takeover by Equals has lost its exclusivity after the UK bidder failed to reconfirm its proposal by the agreed deadline. Meanwhile, quarterly net operating income improved sequentially but remained well below the prior year, with enterprise revenue falling sharply and available cash declining.

Sports Entertainment Group delivered sharp FY26 operating growth, with revenue up 39% and underlying EBITDA up 73% to A$18.2 million. The result arrives as SEG takes on MediaWorks New Zealand, suspends its final dividend and shifts from a largely Australian sports media business towards a larger trans-Tasman platform.

Anatara Lifesciences narrowed its FY2026 loss and ended the year with A$470,917 in cash, but warned that further capital raising is included in its business plan and may be necessary to remain a going concern. Its AOC anti-obesity candidate produced statistically significant results in mice, while mechanism-of-action data remained inconclusive and development was placed on hold.

Kinatico has started FY27 with SaaS revenue up 17.8% and cash 21.8% higher, while its expanded compliance platform moves into production with Civeo and new customers. The company is also pursuing an exclusive childcare partnership with OWNA, but the commercial terms remain undisclosed.

Carnegie Clean Energy has moved its flagship CETO wave-energy project towards offshore deployment in Spain, but the technology developer ended 2026 with a wider loss, $996,347 in cash and a material uncertainty over its ability to continue as a going concern.

Beamtree Holdings has paired 10% recurring revenue growth with a $13.1 million non-cash impairment and a year-end debt covenant breach. The ASX-listed healthcare software company is betting that a tighter product portfolio, new leadership and FY27 execution can stabilise the balance sheet.

Alara Resources has reported its first full-year profit after its Oman copper operation produced above nameplate capacity, lifting revenue 145% to A$135.3 million. The turnaround is substantial, but negative operating cash flow and a planned A$6 million equity raise keep the balance sheet firmly in focus.