Latest Board Changes News

The Australian Wealth Advisors Group (ASX:WAG) reported a modest 0.7% rise in profit before tax to $937,632 for FY2026, driven by growth in funds under management and strategic Equity Partnership Scheme investments, alongside a key divestment and board appointment.

Canyon Resources has postponed its first bauxite shipment from the Minim Martap project due to a suspension of loan drawdowns by AFG Bank and complications arising from an unsolicited takeover bid. The company is pursuing multiple funding avenues while managing cash carefully amid these setbacks.

Kogan.com Ltd reversed a $39.5 million loss in FY25 to post an $11.2 million profit in FY26, driven by revenue growth, margin expansion, and a Mighty Ape turnaround. The group declared an 8 cent fully franked final dividend and maintained a strong cash position with no debt.

AdAlta Limited (ASX:1AD) has progressed its ‘East to West’ cellular immunotherapy strategy by securing its first CAR-T asset, advancing Australian manufacturing and US FDA regulatory engagement, while raising A$5.3 million in FY2026 and reporting a net loss of $4.68 million.

Inghams Group delivered modest revenue growth in FY26 but saw net profit collapse amid cost pressures and tax disputes. Executive short-term incentives were forfeited, while the company declared a fully franked dividend and outlined a cautious FY27 outlook.

General Capital’s 2026 Annual Shareholders Meeting saw a notable board shake-up as investors declined to re-elect Brent Douglas King, while approving a near 10% hike in directors' remuneration.

TradeWindow is positioning itself for a primary ASX listing, appointing two seasoned Australian logistics experts to its board and reshaping its executive team to deepen market expertise and meet listing requirements.

WCM Global Growth reported a $66.7 million profit for FY2026, slightly down from last year, but boosted its final dividend and outlined a progressive dividend increase plan while completing a major $84.8 million capital raising.

Emeco Holdings posted a 5% rise in operating NPAT for FY26, strengthened its balance sheet with net debt down to $127 million, and launched a 10% on-market share buy-back while advancing its net zero emissions strategy.

Solvar Limited posted a 6.2% decline in statutory net profit for FY26 to $29.5 million, while normalised earnings rose 7.5%. The lender declared a 19.5 cents fully franked dividend and expanded its Australian loan book by 10.5%, driven by growth in commercial lending.

Zenith Minerals and Forrestania Resources have amended their takeover implementation deed, updating key terms including offer conditions, board changes, and break fees as Forrestania pursues control.

Forrestania Resources and Zenith Minerals have formalised an amended takeover implementation deed, setting out detailed terms for Forrestania's bid including offer ratios, board changes, and break fees.