Latest Competition News

Xstate Resources has pushed back the closing date of its public offer to early August, setting the stage for a potential ASX re-listing by late August following key approvals and asset acquisition.

Yumbah Aquaculture has completed its acquisition of Clean Seas Seafood, with shareholders receiving cash or Yumbah shares as consideration. Clean Seas shares will be delisted from the ASX and OSE by 25 July 2025.

Cromwell Property Group has agreed to sell its 50% stake in a prime Chatswood property for $87 million, aiming to boost FY2026 earnings and reduce debt levels.

Althea Group Holdings announces the immediate resignation of founder and CEO Joshua Fegan, appointing Barry Katzman as interim CEO to steer the company’s THC beverage growth in North America.

Treasury Wine Estates has named Breakthru Beverage Group as its exclusive distributor in California, stepping in after Republic National Distributing Company exits the state. The move marks a significant shift in TWE’s US distribution strategy with financial impacts yet to be fully revealed.

I Synergy Group Limited has signed a non-binding MoU with Treasure Global Inc. to explore a strategic collaboration on AI infrastructure, including a potential A$600,000 GPU purchase and joint cloud projects in Malaysia.

Epx Limited reports sustained operational improvement with four consecutive quarters of positive cash inflows and a 26% increase in customer receipts for the June 2025 quarter.

Novonix Limited reports significant progress in its synthetic graphite anode materials production, benefiting from new US tariffs on Chinese imports and strategic leadership appointments. The company also secures up to US$100 million in convertible debenture funding to support expansion plans.

Metal Powder Works has significantly expanded its production capacity and customer base in the June 2025 quarter, while securing strategic partnerships that position it strongly in defence and nuclear sectors.

Step One Clothing reports modest revenue growth for FY25 despite a dip in earnings before interest and tax, highlighting ongoing consumer caution and strategic marketing restraint.

Macquarie Group reported a decline in net profit contribution for the first quarter of FY26, driven by mixed performances across its divisions, while maintaining a robust capital surplus and announcing a key CFO transition.

Aguia Resources reports a significant uplift in the economics of its Tres Estrades Phosphate Project in Brazil, driven by soaring phosphate prices and a streamlined production strategy targeting early 2026 start-up.