Latest Finance And Credit News

Desane Group Holdings reported a sharp FY26 profit decline as lower property revaluation gains and higher finance costs overwhelmed largely stable rental income. The ASX-listed property group enters FY27 with more cash, conservative gearing and two developments that now need to convert asset value into earnings.

Orcoda Limited reported a 26% reduction in net loss and a 23% rise in Annual Recurring Revenue, boosted by a new $8 million per annum multi-year contract with Wagner Corporation, setting the stage for SaaS expansion in FY27.

General Finance Limited has earned a credit rating upgrade to BB+ with a Stable Outlook from Equifax, reflecting robust loan book growth and strong financial discipline.

Stonepeak-Plus Infra Debt Limited is raising $50-100 million through a new tranche of its INFRA1 Notes, offering a floating rate of BBSW plus 3.25%. The unsecured notes mature in 2032, aiming to broaden investor base and portfolio diversification amid ongoing geopolitical uncertainties.

Stonepeak-Plus Infra Debt Limited has launched an offer for up to $300 million in unsecured, deferrable, floating rate notes, targeting infrastructure debt investments. The notes, to be listed on the ASX as SPPHA, aim to deliver monthly income linked to BBSW plus a margin, with a seven-year maturity.

Turners Automotive Group is on track to surpass its record first-half earnings by over 10%, driven by strategic branch expansions and robust finance and insurance growth despite economic headwinds.

Black Rock Mining has secured an additional US$25 million in funding, increasing its total project financing to US$204 million to advance the Mahenge Graphite Project in Tanzania.

Turners Automotive Group has reported a record FY25 performance, with net profit after tax rising 17% to $38.6 million and dividends increasing 14% to 29.0 cents per share, showcasing resilience amid challenging economic conditions.