Latest Diversification News

Washington H. Soul Pattinson delivered a record statutory profit after its Brickworks merger, but the headline $2.191 billion result was dominated by accounting gains that will not recur. More durable measures also improved, with Net Cash Flow From Investments rising 11.5%, post-tax NAV reaching $14.5 billion and the final dividend increasing to 63 cents per share.

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.

Carnaby Resources’ proposed acquisition by Evolution Mining has moved closer to completion after ASIC registered the scheme booklet and Evolution waived the ACCC clearance condition. The scrip deal still requires shareholder and Court approval, with the vote set for 26 October.

Acumentis delivered a sharp improvement in profit and cash generation despite lower revenue, supported by cost control and diversification beyond mortgage valuations. The result comes with a governance complication: a Section 249D requisition seeking to replace the chairman and managing director.

Moody’s has affirmed Emeco’s Ba3 corporate family rating with a stable outlook, citing lower leverage, strong liquidity and the growing contribution from maintenance services. The rating remains constrained by Emeco’s smaller scale and exposure to mining-sector cycles.

Australian United Investment Company’s profit surged after its merger with Diversified United Investment, but the headline result was dominated by a one-off acquisition gain. Underlying profit rose 19.9%, while AUI expanded its portfolio to about A$3.1 billion and declared fully franked dividends totalling 28 cents per share.

Livium says lithium-ion battery collections in the first two months of FY27 have already surpassed every quarter of FY26, led by 77 tonnes received under its Sell & Parker agreement. The company is also moving towards due diligence with a potential multinational partner for VSPC, while extending its A$0.0082-per-share SPP.

Viridis Mining has placed its first major equipment order for the Colossus Rare Earth Project, securing critical-path pressure filtration technology that underpins its 2028 production target.

Peter Warren Automotive has secured ACCC approval for its acquisition of Wakeling Automotive’s dealerships in Sydney’s Macarthur region, contingent on divesting eight sites to maintain local competition.

Merino & Co. Limited has secured $1.01 million through a placement of 10.1 million shares at a slight premium, aiming to fund its new lifestyle sub-brand YÙE and the innovative YÙE+U botanical dye initiative.

Sparc Technologies has made its inaugural commercial delivery of ecosparc®, a graphene additive, to a major coatings manufacturer, underpinning its push to dominate the protective coatings market. The company also launched a discounted Share Purchase Plan to fuel ongoing commercial expansion.

Advance ZincTek posted an 11% rise in FY26 profit before tax to $2.247 million on 12.6% higher sales, driven by AI integration and US market strength. The company is set to enter residential battery manufacturing in FY27, leveraging its zinc oxide expertise.