Latest Debt Reduction News

Freightways Group Limited reported a robust HY26 with revenue rising 8.5% and net profit surging 17.2%, underpinned by strong volume growth and a key acquisition in Australia. The company’s disciplined approach to margin improvement and M&A signals confidence in its cross-Tasman logistics strategy.

Tourism Holdings Limited has agreed to sell its UK & Ireland operations to Indie Campers for NZ$8 million, aiming to streamline its portfolio and reduce debt. The deal is expected to deliver a one-off gain but will impact earnings in the short term.

Peninsula Energy has reduced its debt by US$4.25 million through a partial conversion of its convertible loan facility, issuing nearly 20 million shares to its lender. This move supports the ongoing restart and ramp-up of its Lance Uranium Project in Wyoming.

Viva Leisure Limited has reported a robust half-year performance for the period ending 31 December 2025, with revenues climbing 17.6% and profit after tax soaring by 167.8%. The company’s strategic focus on franchise expansion and technology innovation is driving growth.

Kingsgate Consolidated capped a transformational 2025 with a 344% share price surge and strong cash position, setting ambitious production and exploration targets for 2026.

Evolution Mining has reported a record half-year profit, with statutory net income more than doubling to $766.6 million, driven by higher gold and copper prices. The company also declared a fully franked interim dividend of 20 cents per share and progressed key mine expansions and developments.

Elanor Investors Group has secured securityholder approval for a $125 million recapitalisation with Rockworth Capital Partners and the acquisition of Firmus Capital, marking a pivotal step in stabilising its balance sheet and positioning for growth.

Eden Innovations has appointed Dr Allan Godsk Larsen as Managing Director to spearhead its global growth, leveraging his deep expertise in carbon nanotube technology amid strong commercial momentum and significant debt reduction.

Garda Property Group has upgraded its FY26 earnings guidance by 10%, reduced gearing to 20.8%, and outlined ambitious plans to expand its Brisbane industrial portfolio and lending operations.

Centuria Office REIT has delivered a strong half-year performance with increased portfolio valuation and reaffirmed full-year guidance, while strategically divesting a key asset at a premium.

Jumbo Interactive’s preliminary 1H26 results reveal robust double-digit growth driven by SaaS and Managed Services, despite a quieter jackpot landscape. The recent acquisitions in the UK and US add momentum but introduce new accounting complexities.

Synlait Milk Limited reveals a challenging first half of 2026 with significant losses expected, as it pivots its operations around Canterbury following the upcoming sale of its North Island assets.