Latest Debt Restructuring News

Lenders to Sheffield Resources’ Thunderbird joint venture have extended repayment deferrals and covenant waivers until 31 October 2026, buying more time for debt restructuring talks. A proposed standstill could defer Kimberley Mineral Sands’ obligations until June 2027, but has not yet been agreed.

Energy World Corporation has reported a US$448.2 million FY2026 loss after impairing its Pagbilao power plant and Australian assets, while the group’s survival remains tied to completing a staged US$350 million turbine sale. The audited report also recasts the Pagbilao LNG Hub as the centrepiece of the company’s next phase, but flags material uncertainty around going concern.

Cann Group’s FY2026 profit was transformed by a one-off A$55.7 million debt-forgiveness gain, while a leaner cost base and new export sales offered more durable progress. The company remains loss-making on a normalised basis and dependent on lender waivers and a future refinancing.

Cokal’s 60%-owned BBM subsidiary has pushed repayment of a US$20 million capital sum from January 2027 to January 2030. The relief comes with deferred fees carrying 10% annual interest and marketing rights over the first 20 million tonnes of mine production.

Alfabs Australia’s FY26 reset preserved free cash flow despite a sharp earnings decline, while Mining growth and debt refinancing form the bridge to a potential dividend restart. The company enters FY27 leaner, but the plan still depends on execution, cash conversion and Phase II debt restructuring.

Identitii has issued nearly 200,000 shares to partially repay a $395,000 loan, reducing its debt by $128,944 through a debt-to-equity swap.

Sheffield Resources has secured an extension on loan deferrals for its Thunderbird Mineral Sands Mine, pushing key repayment obligations to September 2026 while negotiating a potential debt standstill until mid-2027.

Way2VAT Ltd surged revenue by 61% to A$4 million in H1 FY26, driven by client growth and its new AI e-invoicing platform. However, losses widened sharply, prompting cost cuts and debt facility extensions to sustain operations.

Alfabs Australia delivered an 11% revenue increase and improved free cash flow in FY26, progressing its debt restructuring and setting the stage for dividend reinstatement.

Paladin Energy Ltd (ASX:PDN) reversed prior losses with a net profit of US$5.3 million in FY2026, driven by a strong ramp-up of uranium production at Namibia's Langer Heinrich Mine and regulatory progress at its Canadian Patterson Lake South Project.

Sheffield Resources reported a 20% rise in ore mined and an 11% increase in concentrate production at its Thunderbird Mine, alongside an 8% jump in zircon prices amid improving market conditions.

Way2VAT Ltd lifted its Q2 FY26 revenue by 30%, launching the Way2Invoice e-invoicing platform amid growing global VAT compliance demands. The company also expanded its debt facility to support growth and pursue M&A opportunities.