Latest Auditing News

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.

Zoono Group is seeking up to A$1.61 million from a non-renounceable rights issue after completing a separate A$250,000 placement, with its offer document warning of material uncertainty around going concern. The funds are intended to support shelf-life extension projects, intellectual property and working capital, but investors face dilution and an unresolved legal case.

Lovisa delivered another year of strong reported growth, with revenue rising 17.6% to A$938.8 million as its store network passed 1,100 locations. But comparable store sales grew just 2.0%, leaving management’s expansion engine carrying more of the load while executive incentive hurdles went unmet.

Bentley Capital returned to profit in FY2026 after receiving $300,000 from legal-cost and deposit settlements. The result lifted net tangible assets, but the listed investment company remains heavily dependent on Strike Resources and has limited cash relative to its liabilities.

Jatcorp’s revenue rose 23% to $38.9 million in FY2026, but weaker margins, negative operating cash flow and a material going-concern uncertainty leave the nutritional products maker’s recovery unfinished. The company ended the year with $5.6 million in cash after a $4.2 million entitlement offer, while Neurio trademark litigation in China remains unresolved.

Scott Technology delivered record FY26 revenue and operating EBITDA, lifted its full-year dividend to 9 cents per share and issued FY27 guidance for further growth. The harder question is whether a lighter forward-work balance and higher investment can support the next phase of its Destination 2030 plan.