Latest Corporate Turnaround News

Novatti has reported a statutory profit and positive EBITDA for FY26 after cutting low-margin revenue and concentrating on Payments AU/NZ. The turnaround is substantial, but an auditor-flagged going-concern uncertainty, upcoming debt maturities and negative operating cash flow leave the recovery unfinished.

WasteCo Group has initiated a $2 million share placement at $0.007 per share to fund its ambitious turnaround and growth strategy amid a FY 2026 loss. A Share Purchase Plan will follow, offering existing investors a chance to participate on the same terms.

Yowie Group Limited cut its net loss to US$0.20 million in FY26 despite a 27.1% drop in revenue, driven by cost cuts, loan impairment reversals, and new product launches including the Yowie x NBA series.

Adheris Health has achieved cashflow break-even in Q4 FY26 following a strategic reset focused on its US operations, cutting costs by over 30% and repositioning for growth in FY27 with a stronger digital pipeline.

Bapcor has negotiated eased lender covenants for FY27, allowing higher leverage and lower fixed charge cover ratios to support its ongoing operational reset.

Yowie Group has doubled its half-year profit to US$0.9 million amid a 16% revenue decline, driven by a US customer range cut and elevated cocoa costs impacting Australia. The confectionery maker advances its turnaround with new product launches and legal wins, while navigating ongoing funding and legacy loan challenges.

Tivan Limited has appointed Robert Gerrard as CEO (Australia), elevated Dr Ellin Lede to the Board, and named Brendon Nicol as CTO to sharpen its leadership as it moves towards key project milestones at Speewah and Molyhil.

Kogan.com Ltd reports robust sales and earnings growth for 10 months to April 2026, driven by Kogan.com’s expanding customer base and platform sales, while Mighty Ape shows marked margin improvement amid a strategic pivot.

Austin Engineering has renegotiated its Chile OEM contract, ending losses and setting the stage for profitability and operational turnaround in South America.

Metro Performance Glass reports solid operational gains and a stronger balance sheet amid ongoing construction market challenges, though revenue falls short of earlier forecasts.

Epsilon Healthcare Limited has reported a robust recovery in 2025, with revenue climbing 68% to $9.39 million and net losses shrinking by 63%, driven by growth in contract manufacturing and a new pharmacy division.

Oldfields Holdings reports steady progress in its turnaround strategy, cutting costs and reallocating assets to stronger regions while preparing for a capital raise and potential acquisitions.