Latest Balance Sheet News

Sea Forest has reported a sharp lift in SeaFeed revenue during its first full year as an ASX-listed company, but remains loss-making as it funds production and market expansion. The methane-reduction specialist ended FY26 with $27.8 million in cash and term deposits and no borrowings.

Catalyst Metals has established about 2Moz of probable Ore Reserves across the Plutonic Gold Belt, enough to underpin a targeted 200koz of annual production for roughly 10 years. The milestone strengthens the company’s growth case, but delivery still depends on mine development, permitting and conversion of additional resources.

Revolver Resources has taken its Dianne Copper Mine Project from study towards construction readiness, with a larger resource, secured approvals and a forecast $125.7 million pre-tax cash flow. But the restart still depends on project-level funding before a Final Investment Decision can be made.

Temple & Webster delivered record FY26 revenue of $664.6 million and lifted underlying EBITDA by 28%, despite a sharp fall in statutory profit after tax. The online retailer is targeting EBITDA of $33 million to $40 million in FY27 as improved margins, exclusive products and adjacent categories do more of the heavy lifting.

Structural Monitoring Systems (ASX:SMN) delivered record FY26 revenue, a sharp lift in profit and $6.0 million of free cash flow as its avionics business outpaced contract manufacturing. The balance sheet is now free of bank debt, but the next leg of the story still depends on FAA approvals and converting CVM technology into commercial revenue.

Carnarvon Energy has expanded its Bedout prospective resource inventory by 92% and secured a rig for a 2027 exploration campaign, but Dorado remains stalled before FEED and FID. The company ended FY26 with A$97.7 million in cash, no debt and a A$4.2 million after-tax loss.

Arena REIT delivered higher earnings, distributions and asset values in FY2026, but the failure of a major childcare tenant has forced a sharp reset in its near-term outlook. Edge Early Learning accounts for about 14% of rental income and is now in voluntary administration after missing rent.

Ballard Mining has expanded the Mt Ida Gold Project’s global Mineral Resource Estimate by 56% to 1.836 million ounces, while securing the approvals and cash runway needed to advance development studies. The pre-production company is now targeting a maiden Ore Reserve, feasibility study and Final Investment Decision in the first half of calendar 2027.

Pantoro has increased Norseman’s Mineral Resources by 2% and Ore Reserves by 9% after mining depletion, with the Mainfield delivering the clearest growth. The company also reported a $113.2 million FY2026 profit, but the next test is converting a larger geological inventory into sustained production.

Besra Gold’s FY2026 report puts its Gold Purchase Agreement with major shareholder Quantum Metal Recovery at the centre of the company’s financial risk profile. Funding received under the deal has been recorded as a contract liability tied to potential future gold deliveries, while the report also discloses an AU$140,000 payment to a former director.

Auravelle Metals has reported encouraging gold results at Sheoak and expanded its Crown project, but its FY2026 annual report flags a material uncertainty over its ability to continue as a going concern. The company lost A$3.98 million, used A$4.07 million in operating cash and held A$632,721 at year end before completing a further A$1.5 million placement.

Heartland Group Holdings (NZX: HGH, ASX: HGH) more than doubled FY2026 net profit as margins widened, asset quality improved and its proposed TSB merger moved towards a shareholder vote. The bank also reported a 16% fall in restated emissions, though much of its climate-risk work remains incomplete or estimate-driven.