Latest Australian Financial Services News

NSX Limited has been fully acquired by a Canadian entity, leading to the suspension and imminent delisting of its shares from the ASX. A new non-executive director has been nominated as part of the transition.

The Federal Court of Australia has approved the acquisition of NSX Limited by a related entity of the Canadian Securities Exchange operator, setting the stage for NSX’s delisting from the ASX later this month.

Australian Wealth Advisors Group Ltd (AWAG) has acquired a 20% stake in First Mutual Australia, marking a key step toward doubling its authorised representatives by mid-2026. This earnings accretive move underpins AWAG’s strategy to build a boutique ‘house of brands’ in financial advisory.

Challenger Limited has announced the Dividend Reinvestment Plan (DRP) issue price for its final 2025 dividend at $8.3615 per share, with a modest 2% participation rate leading to the issuance of approximately 266,000 new shares.

My Rewards International Limited reports a 47% revenue drop but narrows losses by 45%, fueled by strategic acquisition and tech innovation. The company advances ASX reinstatement with a capital raise and debt conversion plan.

Qualitas Real Estate Income Fund (QRI) has declared a distribution for August 2025, delivering an annualised yield of 6.32% based on its net tangible assets. The fund continues to focus on mortgage-backed real estate loans across Australia, aiming to provide steady income and capital preservation.

ARC Funds Limited posted a $2.45 million loss for FY2025, driven by strategic investments and increased transaction costs as it expands its funds management platform.

Sequoia Financial Group reported a 13.7% rise in operating profit for FY25, driven by significant growth in funds under advice and operational efficiencies. The company declared a fully franked final dividend, signaling confidence despite ongoing regulatory investigations.

Sequoia Financial Group reported steady revenue but a sharp profit decline in FY25, driven by divestments and goodwill impairment. The company simplified its business structure and strengthened governance while maintaining dividend payouts.

Prime Financial Group Ltd reported robust FY25 results, driven by a 21% revenue increase and key acquisitions that expanded its client base and funds under management. The company’s strategic focus on M&A, technology, and mid-market opportunities sets the stage for ambitious future growth.

The Australian Wealth Advisors Group Ltd (AWAG) reported a 13% revenue increase and a $1.2 million profit before tax in FY2025, driven by strategic Equity Partnership Scheme investments and a strong funds under management base.

Helia Group Limited has announced a combined ordinary and special dividend totaling AUD 0.43 per share, set for payment in mid-September 2025.