Latest Equity Stake News

Steadfast Group delivered double-digit underlying EBITA growth in FY26 alongside a recommended $6 per share acquisition offer, reflecting a premium of nearly 52%. The insurer broker network continues to expand, supported by technology upgrades and international acquisitions.

Oakridge International Limited has reversed its fortunes with a 42% revenue increase to $3.45 million and a return to profitability in FY2026, driven by healthcare technology sales and strategic platform enhancements.

GQG Partners Inc. posted a modest decline in half-year revenue and profit, managing $156 billion in assets with ongoing net outflows offset by investment gains. The company declared a quarterly dividend reflecting 90% of distributable earnings.

Australian Finance Group (ASX:AFG) reported a 39% jump in FY26 net profit after tax to AUD 48.5 million, driven by growth across its broker network and lending book, alongside its first mandatory climate disclosures.

Evolution Mining delivered record FY26 profit and cash flow, declaring a 21-cent final dividend and setting a higher 60% payout policy while advancing key growth projects and acquisitions.

Tusker Minerals has agreed to sell its Malawian rare earth assets to AuKing Mining for up to A$4.85 million, while retaining key rutile projects and upside exposure through equity stakes.

Deterra Royalties delivered a 5% increase in statutory net profit to $164.2 million for FY26, underpinned by record Mining Area C volumes and strategic asset sales. The company declared a fully franked final dividend of 10.8 cents, maintaining a 75% payout ratio, while advancing the Thacker Pass lithium project on schedule for late 2027 production.

Mercury NZ Limited posted a staggering 32,000% surge in net profit for FY26 despite an 8% revenue dip, underpinned by strong renewable generation and disciplined cost control.

New Hope Group exceeded its FY26 coal production and sales guidance, driven by strong performances at Bengalla and New Acland mines, alongside a notable price uplift amid global supply tightness.

Adavale Resources has executed a $1.2 million deal selling its Marree Embayment uranium assets to Orpheus Uranium, pivoting capital and attention towards advancing its gold-copper Parkes Project in NSW.

Sarama Resources has offloaded its Cosmo and Mt Venn gold projects to Riedel Resources, securing a substantial equity stake while progressing a US$242 million arbitration claim against Burkina Faso.

Eureka Group Holdings has closed its inaugural wholesale all-age rental fund, raising $14.35 million in equity and securing $14.5 million in senior debt. The fund, seeded with two tourist parks, aims for a 19.8% return over six years, freeing $15 million for further growth.