Latest Engineering News

Zimplats delivered a sharp FY2026 earnings rebound, with revenue up 57% and profit after tax rising to US$276.7 million. The result was driven mainly by stronger PGM prices, while lower sales volumes, higher unit costs, no dividend and rising sulphur dioxide emissions temper the celebration.

Embelton Limited (ASX:EMB) grew revenue, profit and operating cash flow in FY2026 despite subdued residential construction, while maintaining its 35-cent fully franked annual dividend. The flooring and engineering group is leaning further into infrastructure, data centres, healthcare and other commercial work, although its near-term contracting pipeline remains modest.

Brazilian Critical Minerals has reported striking economics for its Ema rare earths project, including a US$1.47 billion post-tax NPV, 105% IRR and six-month payback. The company’s A$7.87 million FY2026 loss, December debt maturity, permitting requirements and unresolved Drake dispute leave the development case dependent on execution and further funding.

Challenger Gold has locked in US$24 million through five-year unsecured convertible debentures to advance its Hualilán project, with a further US$6.3 million potentially available. The financing carries an 11% coupon and only part of the proceeds is unconditional, leaving shareholder approval and a much larger funding requirement ahead.

Element 25 has moved its Butcherbird manganese expansion from feasibility into project delivery, targeting mechanical completion and commissioning in the first quarter of calendar 2027. The company also strengthened funding and commercial support, although construction, financing conditions and the absence of FY2026 revenue leave execution as the central test.

Felix Group Holdings has secured A$5.54 million in institutional funding and launched a further A$1 million shareholder purchase plan as it pivots towards an open procurement platform. The ASX-listed software company is also guiding to at least 15% revenue growth in FY27.

Delegat Group delivered record operating earnings and cash flow in FY26, but reported profit fell after a NZ$8.7 million impairment and other fair-value adjustments. The NZX-listed wine company is forecasting higher case sales and operating NPAT of NZ$62 million to NZ$66 million for FY27.

EMVision Medical Devices has received a $4.3 million R&D tax refund, adding non-dilutive funding as it progresses clinical work on its emu™ and First Responder devices. The cash arrives against a last reported cash balance of $17.1 million and $4.6 million in remaining grant funding at 30 June 2026.

Magnetite Mines is seeking up to A$1.5 million through a discounted share purchase plan and potential top-up placement to advance the Razorback green iron project. The raise offers free options, but also highlights the company’s continuing reliance on external funding and future strategic partners.

Boab Metals has signed a binding Heads of Agreement with RE:GROUP for mining services at its Sorby Hills silver-lead project, clearing a key operational milestone ahead of planned production in the second half of 2027. Site establishment is scheduled for January, with mining services targeted to begin by March.

Minerals 260 has opened a non-underwritten share purchase plan targeting up to $30 million at $0.88 a share, the same price paid by institutional investors in its $250 million placement. The broader funding package is intended to move the Bullabulling Gold Project towards construction.

Nufarm is pairing a narrower crop-protection portfolio with heavier investment in seeds and tighter capital controls as it targets A$370 million to A$380 million in FY26 underlying EBITDA. The company has reaffirmed positive free cash flow, leverage of about 2.0 times and a A$50 million cost-saving program due to reach run-rate by the end of FY27.