Latest Debt News

ARB Corporation’s FY26 profit fell 5.2% as weaker Australian aftermarket and OEM sales outweighed modest export growth. The 4x4 accessories maker is relying on improved vehicle supply, US expansion and new product programs to rebuild momentum in FY27.

Finder Energy has secured a conditional contract for the Hakuryu-5 semi-submersible rig to drill three development wells offshore Timor-Leste, with two further wells optional. The approximately US$42.3 million gross contract gives the Kuda Tasi and Jahal project a defined drilling window, but financing and multiple approvals remain outstanding before Final Investment Decision.

Native Mineral Resources delivered its strongest quarter since restarting the Blackjack plant, with fine gold outturn up 84% to 2,330.9oz and operating cash flow turning positive. The result improves the production picture, but the company remains reliant on debt-funded development and a steady handover from Mid Pit to North Pit.

Symal has reaffirmed its FY27 guidance and raised its FY30 EBITDA ambition to more than $230 million, while pointing to $1.9 billion of work-in-hand and a $9.1 billion tendered pipeline. The contractor is increasingly leaning into energy, digital infrastructure, utilities and defence, with about 75% of FY27 revenue already secured.

Auric Mining has moved from study work towards execution at its Burbanks-Munda gold plan, securing processing infrastructure for A$1.2 million and reporting strong Munda drilling results. The company is targeting mining at Munda in late 2027 and first gold from Burbanks in early 2028, subject to approvals and project execution.

Chorus has retained its BBB issuer credit rating with a positive outlook after S&P reclassified NZ$683 million of government-linked securities as debt. The change lifts adjusted leverage, but S&P still sees a possible upgrade to BBB+ if Chorus keeps FFO-to-debt above 13% and maintains supportive financial policies.

Channel Infrastructure maintained quarterly fuel throughput at 829 million litres despite higher prices, while work began on a new 15-year bp storage contract. The company also reported higher borrowings after its interim dividend and said major conversion projects remain within budget.

DigiCo Infrastructure REIT has secured a 15-year, 71MW contract with a global technology firm, taking its SYD1 data centre to full contracted capacity. The agreement supports a fully funded 52MW expansion and extends the Australian portfolio’s weighted average lease expiry beyond 10 years.

Otto Energy has strengthened its balance sheet and lifted FY2026 profit despite falling production, setting up a proposed A$20 million return of capital. The catch is that reserves are declining, asset-sale plans remain unresolved and part of the cash remains tied to offshore obligations.

Overwatch Technologies is seeking A$8 million to fund an ASX listing and expand its drone-enabled maritime intelligence business. The company has A$3.8 million of contracted orders, but has yet to recognise revenue and reported an inaugural loss of A$857,604.

Locality Planning Energy has returned to statutory profit and sharply reduced borrowings, but its next test is converting a large contracted pipeline into active service points. The company has given no numerical FY2027 guidance and is operating under an interim leadership structure while it searches for a permanent CEO.

Energy Fuels has amended its proposed acquisition of VAC after a customer dispute escalated into arbitration and lender forbearance at VAC’s US magnet plant. The filing also reveals VAC’s six-month net loss of €57.4 million, substantial debt and reliance on shareholder support ahead of the proposed transaction.