Latest Cost Reduction News

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IDP Education reports a 14% revenue decline in FY25 due to policy restrictions impacting student volumes, while unveiling a multi-year transformation program aimed at cost reduction and digital innovation.
Victor Sage
Victor Sage
28 Aug 2025
IDP Education Limited reported a 15% revenue decline and a 66% drop in net profit for FY25, driven by sustained policy restrictions across key international student markets. The company is responding with a multi-year transformation program focused on cost reduction and AI-driven innovation.
Victor Sage
Victor Sage
28 Aug 2025
City Chic Collective has reversed an $8.4 million EBITDA loss from FY24 to post a $6.4 million profit in FY25, driven by strong sales growth and disciplined cost management. The retailer plans to expand its store footprint and expects positive cash flow in FY26 amid improving market conditions.
Logan Eniac
Logan Eniac
28 Aug 2025
City Chic Collective Limited reported a significant reduction in its FY25 net loss alongside modest revenue growth, setting the stage for a potential turnaround in FY26 backed by cost savings and a clean debt facility.
Logan Eniac
Logan Eniac
28 Aug 2025
Hubify Limited has turned the corner with a statutory loss narrowing to $813,909 in FY25, alongside a 108% surge in EBITDA and a robust cash position. The company’s strategic pivot to recurring managed and professional services underpins its renewed financial health.
Sophie Babbage
Sophie Babbage
28 Aug 2025
NextEd Group reported a 13.9% revenue decline in FY25, yet maintained resilient EBITDA and strengthened its cash position, signaling a strategic reset underway to capture future growth.
Victor Sage
Victor Sage
27 Aug 2025
NextEd Group Limited reported a 13.9% revenue decline to $95.9 million for FY25 but achieved a 53% improvement in net loss after tax, driven by cost savings and operational efficiencies. The company’s strategic repositioning includes leadership changes and expanded vocational offerings.
Victor Sage
Victor Sage
27 Aug 2025
Platinum Asset Management reported a sharp 86% drop in profit for FY25, driven by a 39% decline in funds under management amid sustained outflows and investment challenges. The company announced a transformative merger with L1 Capital, aiming to create a $16.5 billion asset manager.
Claire Turing
Claire Turing
27 Aug 2025
M3 Mining Limited has announced a significant leadership renewal alongside a strategic review aimed at streamlining operations, reducing costs, and focusing on high-value exploration assets.
Maxwell Dee
Maxwell Dee
27 Aug 2025
Talius Group Limited reported a 21% increase in sales revenue for the first half of 2025, driven by strong hardware sales and recurring software subscriptions. The company also completed a major contract rollout and achieved significant cost reductions, positioning itself for growth amid evolving aged care sector dynamics.
Ada Torres
Ada Torres
27 Aug 2025
ARN Media reported a 7% revenue decline in the first half of FY25 amid audience challenges and a sluggish post-election market, yet digital audio revenue surged 21%. A $40 million transformational cost-out program and leadership overhaul set the stage for a strategic reset and growth in the second half.
Elise Vega
Elise Vega
27 Aug 2025
ARN Media reports a 7% revenue decline offset by 21% digital audio growth and $35 million in cost savings, setting the stage for improved profitability and cash flow.
Elise Vega
Elise Vega
27 Aug 2025