Latest Corporate Turnaround News

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.

Epsilon Healthcare has posted a record $2.891 million in receipts for the December 2025 quarter, nearly doubling year-on-year revenue and marking a significant turnaround with its recent ASX reinstatement.

Articore Group reports solid progress in its turnaround strategy, showing margin expansion and a slowing decline in marketplace revenue for 2QFY26 and 1HFY26.

Wellnex Life reports encouraging early results from its turnaround strategy, posting a modest EBITDA profit and robust sales growth for its Pain Away brand.

Maggie Beer Holdings reveals strategic progress in its 2025 AGM, focusing on operational simplification, financial stability, and targeted growth for its iconic brands.

Metroglass has reported a 5% revenue decline in its half-year results but achieved a significant reduction in net debt and improved profitability, signaling progress in its turnaround strategy amid challenging market conditions.

Epsilon Healthcare has posted its highest-ever quarterly receipts of $2.919 million, reflecting a robust turnaround since exiting voluntary administration in mid-2024. The company’s strategic sale and leaseback deal has also enabled significant debt reduction, setting the stage for sustained growth.

Retail Food Group announces the immediate resignation of CEO Matt Marshall, with Chairman Peter George stepping in as Executive Chairman to lead the company during a global search for a new CEO.

Eneco Refresh Limited has appointed Christerpher Conyers as CEO following his instrumental role in returning the company to profitability. His leadership marks a new chapter focused on sustaining growth and operational efficiency.