Latest Competition News

Insurance Australia Group Limited has announced a quarterly distribution of AUD 1.5191 per Capital Note 3 security, partially franked at 60%, payable on March 17, 2025.

Insurance Australia Group Limited (IAG) has announced a quarterly dividend of AUD 1.5786 per Capital Note, payable on March 17, 2025, with a 60% franking rate reflecting partial tax credits for investors.

IAG reported a 91% surge in net profit after tax to $778 million for 1H25, boosted by favourable weather conditions and a $200 million release from COVID-related provisions. The insurer declared a 12 cents per share interim dividend, underscoring its strong capital position and commitment to customer support amid ongoing economic pressures.

RLF AgTech has completed a $2.4 million capital raise through an Entitlement Issue and Shortfall Placement, positioning the company for growth in Australia’s agricultural sector.

Alliance Aviation Services Limited reported robust half-year results for December 2024, highlighted by record EBITDA and strategic fleet growth, underpinning a confident outlook for 2025.

Centuria Capital Group, in partnership with ResetData, has launched Australia’s inaugural sovereign public AI Factory, AI-F1, alongside a pioneering AI Marketplace, promising to democratize access to advanced AI technologies for businesses and government.

Nuchev Limited has appointed Nathan Cheong as its new CEO, with current CEO Mick Myers transitioning to COO and CFO roles, signaling a strategic leadership evolution.

Avenira Limited has ended its licensing agreement with Aleees, freeing the company to focus on a phased development of its Wonarah Phosphate Project aimed at early revenue generation in late 2025.

Forrestania Resources has secured $360,000 through a non-brokered placement, attracting a new major shareholder and setting the stage for expanded gold exploration at its Bonnie Vale project.

Strata Minerals has secured $1.6 million through an equity placement to fund its maiden drilling campaign at the Penny South Gold Project, targeting extensions of high-grade gold deposits near Ramelius Resources’ operations.

New Zealand Coastal Seafoods Limited has raised $18,000 through a convertible note subscription, reinforcing its financial position and enabling accelerated strategic initiatives focused on sustainable seafood.

Patronus Resources has upgraded its Mertondale Gold Project resource estimate, increasing contained gold ounces to 480,000oz alongside an 18% rise in grade, setting the stage for a June 2025 scoping study.