Latest Banking News

L1 Group has finalised the key terms of its 2 cent fully franked interim dividend, confirming a Dividend Reinvestment Plan price of $1.2326. New DRP shares will be issued on 23 September, while New Zealand holders will receive the dividend equivalent in NZD.

Polymetals Resources moved its Endeavor silver-zinc-lead mine from restart to commercial production in FY2026, generating A$100.0 million in revenue. The milestone came alongside a A$47.0 million loss, negative operating cash flow and an auditor warning over going-concern uncertainty.

Sunrise Energy Metals has put its Syerston scandium project on a stronger financial footing, ending FY2026 with A$115.4 million in cash and a conditional US$400 million debt commitment. The project still faces a decisive sequence of tests: final investment approval, binding offtake agreements, financing conditions and construction execution.

Transurban Finance reduced its FY26 loss before tax to $6 million while extending average debt maturity and securing new long-term funding. The financing arm also flagged $1.4 billion of refinancing due within the next year and said NSW toll reform remains subject to formal approvals.

Babylon Pump & Power (ASX:BPP) says it has satisfied the conditions attached to its revised NAB debt facilities and has sufficient working capital after completing its recapitalisation. The company is now positioning itself as a focused water-management rental business, although ASX has not yet confirmed when trading will resume.

JPMorgan Asset Management has announced estimated September 2026 cash distributions for six of its equity premium income ETFs, with payments scheduled for mid-October.

Tolu Minerals has locked in a K95 million (approx. A$30 million) debt facility from a Papua New Guinea bank, complementing its A$50 million cash reserves to fully fund the restart of its Tolukuma Gold Mine. Production is targeted for the first quarter of 2027, with an updated Mineral Resource Estimate due imminently.

FlexiRoam has delivered its first full-year statutory profit and positive operating cash flow since listing, despite a 25% revenue decline. The ASX-listed connectivity company enters FY27 with more cash, a recurring revenue-heavy mix and a collection of recently signed agreements still to deploy.

BHP Group has updated its dividend announcement to specify currency exchange rates and payment options for the USD 0.99 per share fully franked dividend for the six months ending June 2026.

VHM Limited has clinched the last major regulatory hurdle for its Goschen Project with Planning Scheme Amendment approval, setting the stage for project financing and execution.

FirstWave Cloud Technology has lodged a provisional patent for an AI-driven network monitoring system that promises automated, explainable root cause diagnosis, aiming to boost its fastest-growing revenue stream.

FlexiRoam has inked a two-year deal with Dragonpass, embedding its eSIM data rewards into a major hotel loyalty program and marking its first foray into travel loyalty and hospitality.