Latest Divestments News

REA Group has reported a robust FY25 with strong revenue and profit growth, underpinned by solid Australian market performance and strategic moves in India. The company also announced a leadership transition amid optimistic FY26 guidance.

REA Group Ltd has reported robust FY25 results with a 15% increase in revenue and a 23% rise in core net profit, alongside a 31% lift in dividends. The company also announced the retirement of CEO Owen Wilson after a decade at the helm.

PVW Resources has agreed to sell its Leonora Project in Western Australia for A$500,000, redirecting capital towards its promising Brazilian rare earth and gold assets.

Eastern Metals has agreed to sell its Browns Reef Project to Australian Gold and Copper for $1.5 million, including a unique share distribution to existing shareholders, pending approval in September.

Aeris Resources has outlined its FY26 production targets, aiming for a 40-49kt copper equivalent output while advancing key projects and planning asset divestments to strengthen its balance sheet.

TPG Telecom has unveiled pro forma financials reflecting its recent fibre network sale to Vocus, alongside updated FY25 guidance projecting EBITDA between $1.6 billion and $1.65 billion. The company signals a strategic pivot with fresh investments in satellite technology and IT systems.

Yandal Resources has finalized a binding agreement to sell its Gordons Gold Project to Horizon Minerals for A$2.81 million in cash and shares, reinforcing its strategic focus on core exploration assets.

Neometals reports strong gold assay results from its maiden diamond drilling at Barrambie’s Ironclad and Mystery prospects, confirming high-grade mineralisation and setting the stage for expanded exploration.

Universal Biosensors reported a 44% increase in net loss to A$10.45 million for H1 2025, alongside an 11% revenue decline, raising serious going concern doubts. The company is pursuing an A$8.5 million senior secured loan and equity raise to sustain operations.

Tourism Holdings Limited has unveiled a comprehensive growth roadmap targeting over $100 million in net profit after tax within four years, driven by rental revenue expansion and strategic cost efficiencies.

CL8 Holdings has completed the sale of its Carly Car Subscription business to Carbar Holdings, retaining a stake in the merged entity and signaling a strategic pivot towards new growth opportunities.

Golden Cross Resources has progressed exploration at its flagship Copper Hill project with extensive geochemical sampling and tenement renewals, while navigating ASX suspension and seeking partnerships to unlock value.