Latest Banking News

PhosCo has received a €1 million grant from the European Bank for Reconstruction and Development alongside a $1.1 million investment from its Managing Director, fueling optimisation efforts ahead of the Gasaat Phosphate Project’s bankable feasibility study.

Fluence Corporation Limited reported a solid cash flow position for Q3 2025, with positive net cash from operations and strong liquidity supported by available financing facilities.

Green360 Technologies reports strong cash reserves and breakthrough production milestones in low-carbon cement, alongside strategic board appointments and a CEO transition.

Jumbo Interactive has acquired Dream Giveaway, a leading US digital prize draw business, marking its strategic entry into the lucrative American B2C prize market. The A$55.4 million deal leverages Dream Giveaway’s established brand and loyal customer base to accelerate Jumbo’s international growth.

Change Financial Limited reported a record Q1 FY26 revenue of US$4.6 million, driven by strong growth in its Payments as a Service platform and new license sales, alongside positive operating cash flow and expanding global partnerships.

PentaNet Ltd reported a positive net operating cash flow of A$594,000 in the September 2025 quarter, bolstered by strong liquidity and ongoing investment in 5G infrastructure.

St Barbara Limited reports steady progress on its Simberi Expansion Project in Papua New Guinea and Atlantic Gold Projects in Canada, despite production challenges and pending regulatory decisions. A recent A$58 million capital raise strengthens its financial position for growth.

BSP Financial Group has reported a robust third quarter for fiscal 2025, with revenue climbing 15% and net profit rising 22%, underpinned by strong operational discipline and strategic investments.

Auric Mining Limited has completed its Jeffreys Find project, initiated production at Munda Gold Mine, and secured the Burbanks processing plant, positioning itself for integrated operations in Western Australia.

Stakk Limited has landed a significant contract with leading U.S. neobank Chime, integrating its embedded finance technology to support millions of users and targeting $8 million in annual recurring revenue by year-end.

L1 Group has appointed Julian Russell as its new CEO and Managing Director, marking a strategic leadership transition aimed at capitalising on growth opportunities. Russell’s proven track record in financial services turnaround sets the stage for renewed momentum.

Latrobe Magnesium successfully commissioned its Demonstration Plant producing magnesium oxide and secured $10 million in funding, while receiving a $200 million financing interest from the U.S. Export Import Bank for its next-stage commercial plant.