Latest Distribution News

H2G says its first PowerSafe stackable sodium-ion battery shipments have sold out, with products now available across Australia’s three eastern states. The company reported a sodium-ion sales pipeline above $4 million, alongside a $10 million-plus supercapacitor pipeline and quarter-end cash of $881,000.

Butn has extended its MYOB invoice finance agreement to November 2027, while assessing seven confidential, non-binding offers for the whole or parts of the group. The company is also negotiating changes to its Northleaf finance facility amid challenging operating conditions.

BCAL Diagnostics has completed clinical validation for BREASTESTplus 2 across all breast densities and is targeting a November launch, while expanding Avantect Multicancer access. The commercial push comes alongside $1.895 million in quarterly operating cash outflows, only $580,000 in cash at quarter end and a growing strategic stake in Genetic Signatures.

Focus Minerals generated A$180.1 million in customer receipts during the September quarter, while Bonnie Vale underground production rose alongside stable processing at Coolgardie. The company finished with A$184.6 million in cash, a A$95.1 million term deposit and a fully franked dividend paid to shareholders.

Clime Investment Management delivered a 57% rise in FY26 net profit and lifted funds under management and advice by 9.4% in the September quarter. But additional valuation work on private credit and unlisted assets has delayed the audit process and payment of the performance fee.

Reliance Worldwide Corporation has cleared a key court hurdle in Brookfield’s proposed acquisition, with shareholders now scheduled to vote on 4 December. The court order allows the meeting to proceed, but does not approve the takeover itself.

McPherson’s has entered FY27 with first-quarter sales about 11% below the prior corresponding period, after a disappointing FY26 loss and a costly operating transition. The company says EBITDA growth remains achievable, but its transformation now faces a test of execution and leadership change.

Otto Energy ended the September quarter with US$25.6 million in cash and no debt, despite weaker commodity prices cutting revenue by 8%. Oil output rose, but the company’s next moves now hinge on shareholder approval of a proposed A$20 million capital return and separate strategies for its Gulf assets.

Victory Metals has put a A$1.21 billion post-tax PFS value on North Stanmore, secured its mining lease and begun product qualification with potential offtake partners. The project remains pre-production, with DFS work, approvals, financing and metallurgical validation still ahead.

Wide Open Agriculture has completed the major physical steps in exiting its German manufacturing facility and is now testing four prospective Asian production partners. The transition could lower fixed costs, but commercial supply still depends on technical trials, partner selection and a definitive agreement.

OMG Group has confirmed its first positive quarterly EBITDA, with Q1 FY27 sales rising 59% to approximately $1.92 million and gross profit growing faster than revenue. The result marks an earnings milestone, but operating cash flow remained negative as the company invested heavily in inventory and supplier deposits.

HITIQ has expanded its military research ambitions and added fresh funding during the September quarter, but the company ended the period with $658,242 in cash and estimated funding for only one quarter. Its US collaboration remains non-binding, leaving financing and commercial execution as the immediate tests.