Latest Debt Covenants News

Elanor Investors Group reported a substantial $157.8 million net loss for FY24 amid asset devaluations and debt covenant breaches, prompting a strategic recapitalisation and leadership transition.

DGL Group Limited reported a 3% revenue increase to $481.5 million for FY25 but swung to a $24.6 million net loss driven by asset impairments and operational challenges. The company is undertaking significant restructuring and integration efforts to restore profitability.

AF Legal Group Ltd reported a robust 27% increase in revenue to $27.6 million for FY25, propelled by key acquisitions and operational expansion, despite one-off costs impacting statutory profits.

Perpetual Limited reported a steady FY25 with underlying profit after tax of $204.1 million, revenue growth across all segments, and a net loss narrowed to $58.2 million. The firm’s refreshed strategy focuses on simplification, operational excellence, and measured growth investments amid evolving regulatory landscapes.

Nido Education Limited reported a 7.5% increase in revenue for the half-year ending June 2025, alongside a modest net profit and a fully franked interim dividend. The company also completed a strategic acquisition to expand its childcare footprint.

The Star Entertainment Group updates investors on ongoing negotiations with lenders over financial covenant waivers and signals imminent release of unaudited accounts for June 2025.

Australis Oil & Gas reported a reduced half-year loss and positive cash flow despite lower production, while actively seeking a development partner for its Tuscaloosa Marine Shale assets.

Regal Partners reports a 48% drop in statutory profit for H1 2025 despite growing funds under management to $17.7 billion, while strategically expanding into hotel real estate with the Mayfair Hotel acquisition.

Amplitude Energy Limited reported a 22% revenue increase to A$268.1 million for FY25, narrowing its net loss significantly while progressing its East Coast Supply Project with a new joint venture partner.

Amotiv Limited reported a modest 1% revenue increase to $997.4 million in FY25 but posted a net loss of $106.3 million, driven by a significant $200.4 million impairment. The company declared a fully franked final dividend of 22 cents per share and outlined strategic initiatives to navigate ongoing market challenges.

Coronado Global Resources reported a $172.4 million net loss for the half-year ended June 30, 2025, driven by falling metallurgical coal prices and reduced sales volumes. The company initiated liquidity measures including a $75 million coal prepayment and debt refinancing, but credit rating downgrades have cast doubt on its going concern status.

Vulcan Steel has reported preliminary FY25 earnings with stable EBITDA and reduced net debt, while highlighting cautious optimism for FY26 amid tough trading conditions.