Latest Distributions News

Plato Global Alpha Fund delivered a 26.7% net return for the year ended 30 June 2026, beating its global equity benchmark by 11.9 percentage points. Net assets climbed almost sixfold to $4.75 billion, driven by investment gains and substantial new applications, although the fund’s short positions and currency exposures remain material risks.

Biome Australia Limited (ASX:BIO) delivered its second consecutive profitable year in FY26, with revenue rising 30% to $23.9 million and operating cash flow turning positive. But the headline $3.6 million profit includes a $2.4 million deferred tax benefit, leaving FY27 execution as the real test of the company’s growth plan.

Bendigo and Adelaide Bank has confirmed a $10.31 reinvestment price for its 33-cent fully franked dividend, payable on 30 September. The update does not change the dividend amount, but fixes the price at which participating shareholders will receive additional shares.

Historical work has identified widespread near-surface columbo-tantalite mineralisation at Australasian Metals’ Atex project in Côte d’Ivoire, adding a potential tantalum stream to its lithium strategy. The results are encouraging, but the underlying estimate is non-JORC, unverified and based on incomplete historical records.

Cadence Opportunities Fund has raised $5.7 million through a strongly supported share purchase plan and placement, increasing the company’s net tangible assets by 17%. The new shares will also qualify for upcoming fully franked dividends.

Microba shareholders would own about 67% of an enlarged Genetic Signatures under a proposed all-scrip merger valued at approximately A$51 million. The deal combines roughly A$29.6 million of FY2026 revenue and identifies up to A$3 million in potential annual cost synergies, but remains subject to a long list of approvals.

Iron Road’s largest shareholder has distributed its remaining 59.72% stake just as the company prepares to restart delayed nickel-copper-gold drilling at Irria. The transition also includes the November retirement of long-serving chief executive Larry Ingle, with no successor named.

FFI Holdings lifted underlying pre-tax profit 6.8% to $4.62 million in FY2026, while food manufacturing delivered stronger earnings and operating cash flow rebounded sharply. The ASX-listed group now plans a $5.1 million factory and warehouse development in Cockburn, funded from existing resources.

Cannindah Resources has reported preliminary NovaCell testwork recovering 94% of copper and 92% of silver at a substantially coarser grind, while rejecting 82% of processed material. The results could support a higher-throughput, lower-energy processing route, although gold recovery and concentrate quality still require further work.

Broken Hill Gold has completed the transfer of its North Queensland exploration portfolio to Manda Resources, setting up a separate vehicle for the assets and a potential in-specie share distribution to BH6 holders. The company will now concentrate on White Dam in South Australia, although shareholder approval and the final Manda IPO structure are still pending.

Zeotech Limited (ASX:ZEO) is moving Toondoon toward its first direct-shipping kaolin export after securing a potential A$200 million offtake agreement, while AusPozz™ and zeoteCH₄® produce encouraging trial results. The progress came alongside an A$8.15 million FY26 loss, negative operating cash flow and an acknowledgement that further funding may be required.

Korvest has entered FY27 with record work on hand after completing a new 3,500 square metre Kilburn factory, even as FY26 profit and operating cash flow declined. The ASX-listed manufacturer maintained its 40-cent fully franked final dividend and plans another $4 million capacity investment.