Latest Engineering Products News

Advanced Energy Minerals (ASX:AEM) is partnering with NeoCtech to pilot rare earth doped nano high purity alumina, backed by an $800,000 CAD Canadian government grant. The project targets strategic sectors including AI, robotics, and aerospace with sustainable, high-performance materials.

Orbital Corporation has landed a key US order for five 150HFE heavy fuel engines, setting the stage for a lucrative Power by the Hour service model tied to a major US Coast Guard ISR program.

Orbital Corporation advances its UAV engine production and hybrid propulsion technology while managing a $0.5 million net cash outflow in Q1 2026, supported by a $43 million business pipeline and new international contracts.

Macro Mining Services has partnered with Austral Pacific to tap into gold tailings and stockpiles at the Paris Gold Mine, aiming to turn historical waste into revenue through a 50:50 profit share after expense recovery.

Freelancer Limited’s 1Q26 saw a 14% rise in group GMV to $263.3 million but a 9.4% revenue drop, weighed down by currency headwinds and security-driven user friction. Escrow.com posted record operating profit, while Loadshift grew revenue and media presence amid operational gains.

Hydrix Limited reported a 14% revenue decline and a sharp increase in net loss for H1 2026, raising concerns about its financial stability despite securing a major contract.

Matrix Composites & Engineering Ltd reported a $9.4 million loss for the half-year ending December 2025, driven by a 32% drop in revenue to $26.9 million. Despite the weak first half, the company anticipates a robust second half to meet or exceed last year’s full-year revenue.

VEEM Limited reported a year of consolidation in FY25 with solid second-half growth driven by new defence contracts and the promising launch of its VEEM Extreme propulsion system. Despite a revenue dip, the company is poised for a stronger FY26 backed by strategic US defence partnerships and product innovation.

Embelton Limited reports a notable decline in revenue and profit for FY2025 amid a challenging construction market, yet maintains its dividend payout, signaling cautious optimism.

VEEM Limited’s FY25 results reveal a challenging year with revenue down 15%, yet a strong second half turnaround driven by cost cuts and efficiency gains. The company also secured a significant $65 million contract extension and new supplier status for a major US submarine program.

SRG Global has posted a record FY25 financial performance, driven by strong organic growth and strategic acquisition integration, setting the stage for continued expansion in FY26.

SRG Global has locked in $850 million worth of contracts spanning water, energy, resources, and more, reinforcing its position as a diversified infrastructure leader in Australia and New Zealand.