Latest Equity Accounting News

Tasman Resources has swung to a $16.5 million FY2026 profit after booking a $19.48 million gain when Eden Innovations ceased to be controlled. The explorer also ended the year with $5.65 million in cash and no borrowings, but its next test is geological rather than accounting: drilling at Titan West and Parkinson Dam.

Russell Investments Sustainable Global Opportunities Fund reported a sharp lift in annual operating profit and net assets, with its Class RGOS ETF delivering a 14.62% total return. Distributions also increased, although the fund remains closely exposed to international equity markets and currency movements.

Cobre Limited (ASX:CBE) says its Sierra Atacama turnaround delivered a first cash-positive quarter, higher recovery and 879 tonnes of copper cathode production. The company remains loss-making at group level, but enters FY27 with more cash, a larger project stake and an ambitious drilling and expansion programme.

European Lithium reported a A$930.6 million FY2026 profit, but the headline result was dominated by a A$1.276 billion accounting gain after losing control of Critical Metals Corp. The company now heads towards an October vote on a merger that would fold its cash, CRML stake and mineral assets into a single NASDAQ-listed group.

Ellerston Asia Growth Fund Complex ETF (ASX: EAFZ) returned 38.4% after fees for the year ended 30 June 2026, beating its Asian equities benchmark by 2.6 percentage points. Profit more than doubled to $12.49 million, although the result was driven chiefly by investment revaluations and came alongside continued net redemptions.

Lanyon Investment Fund Active ETF (ASX:LNY) reported a sharp turnaround to a $30.3 million operating profit for the year ended 30 June 2026, driven overwhelmingly by gains on listed investments. Net assets rose to $146.2 million despite continued investor redemptions and a lower distribution than the prior year.

Carlton Investments increased FY2026 profit and fully franked dividends, but its investment portfolio underperformed sharply as its largest holding, EVT, fell 22.6% in value. The company’s total portfolio return was negative 3.2%, compared with a 6.1% gain for the S&P/ASX 200 Accumulation Index.

Frontier Digital Ventures has shrunk its top line by 27% as it exits low-margin businesses, but the reset delivered higher EBITDA, a 17% margin and near-total free cash flow conversion in the first half of FY2026. The next test is whether pricing and cost discipline can lift earnings without further customer erosion.

Strike Resources delivered an A$8.58 million full-year profit, but the result was driven largely by its equity-accounted investment in LE Minerals rather than operating cash generation. The company is also relying on a conditional A$5.5 million Apurimac stake sale to strengthen its funding position in Peru.

Delta Lithium reported a $13.2 million FY2026 profit after separating its gold assets into Ballard Mining, while advancing lithium projects at Mt Ida and Yinnetharra. The result was supported heavily by demerger-related accounting gains, leaving the next test firmly operational: whether the projects can move towards production.

New Hope delivered more coal, expanded its resource base and declared a 30-cent final dividend, but lower realised prices and higher costs cut FY26 profit by 63.4%. The results leave investors weighing near-term earnings pressure against a larger production pipeline.

JPMorgan Global Research Enhanced Index Equity Trust reported a sharp rise in operating profit and net assets for the year ended 30 June 2026, powered largely by fair value gains across its global portfolio. Distributions also increased substantially, particularly for hedged classes, although the report does not show whether the Fund outperformed its benchmark.