Latest Cost Savings News

MyEco Group reveals a strategic pivot towards expanding its MyEco branded products, achieving a 9% sales increase in FY25, and implementing a $2.5 million cost-saving operational restructure aimed at EBITDA breakeven in FY26.

Seven West Media shareholders are preparing to vote on a scheme of arrangement for acquisition by Southern Cross Media Group, with the Seven board unanimously recommending approval. The merger promises significant cost synergies and a stronger combined media platform.

Camplify Holdings reported a $15.8 million net loss for FY25 amid strategic consolidation and tech integration, while launching its MyWay membership model to drive future profitability.

Inghams Group reports stable volumes and improved wholesale pricing in early FY26 but faces higher operational costs impacting first-half earnings. A leadership restructure aims to cut costs and boost accountability as the company reaffirms its full-year EBITDA guidance.

ARN Media reports a challenging second half of FY 2025 with a 10% revenue decline and expects EBITDA to fall 25%-27%, while advancing a $40 million cost reduction program and repositioning as an entertainment business.

Bendigo and Adelaide Bank reported steady cash earnings in 1Q26, supported by improved net interest margins and deposit mix, while residential lending contracted amid competitive pressures. Strategic technology rollouts promise growth in the second half.

X2M Connect has secured over half a million Australian dollars in new and repeat water digitisation contracts in South Korea, driving strong early revenue growth in FY26. These deals expand the company’s footprint across thousands of households and highlight growing government adoption of IoT solutions.

News Corporation reported a 2% revenue increase to $2.144 billion for Q1 FY2026, driven by growth in Dow Jones and Digital Real Estate Services, while Book Publishing faced headwinds. Net income rose 4% to $150 million, supported by operational efficiencies and a robust balance sheet.

Solvar Limited has secured a new $487 million warehouse facility and resized an existing $270 million facility, boosting its total funding capacity to around $900 million and reducing its cost of funds.

Great Northern Minerals has taken a significant step toward advancing its Catalyst Ridge rare earth project by securing an exclusive option to license a patented flotation technology from the University of Arizona, promising improved recovery and lower processing costs.

Nine Entertainment reported a resilient FY25 with strategic transformation gains, digital subscription growth, and a major capital return following the sale of its Domain stake. Leadership changes and regulatory challenges frame its path forward.

Nine Entertainment reports continued digital subscription growth and cost efficiencies that help offset a softer advertising market in Q1 FY26, setting the stage for EBITDA gains.