Latest Financial Recovery News

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Synlait Milk Limited reports a significant financial turnaround for FY25 with expected underlying EBITDA doubling from the prior year, while overcoming manufacturing setbacks at its Dunsandel facility.
Victor Sage
Victor Sage
30 July 2025
Dubber Corporation has initiated court proceedings against its former auditors following a $26.6 million misappropriation uncovered in FY24, aiming to restore financial stability by year-end.
Sophie Babbage
Sophie Babbage
17 June 2025
Conico Ltd has resolved a significant legal dispute with Cartwright Drilling and announced a $2.09 million recapitalisation plan involving convertible loans, a rights offer, and a share consolidation, all pending shareholder approval.
Maxwell Dee
Maxwell Dee
6 June 2025
Select Harvests Limited has reported a remarkable turnaround with a $28.7 million profit in the first half of FY2025, buoyed by higher almond prices and improved operational efficiency. The company also secured $240 million in refinancing, positioning itself for future growth despite a slightly reduced almond crop forecast.
Ada Torres
Ada Torres
29 May 2025
Elders Limited has reported a robust 67% increase in underlying EBIT for the first half of FY25, driven by higher livestock prices and strategic acquisitions, while navigating challenges from dry weather impacting crop inputs.
Victor Sage
Victor Sage
26 May 2025
Lucapa Diamond Company Limited’s shares remain suspended following the appointment of voluntary administrators, highlighting severe financial distress and regulatory breaches.
Maxwell Dee
Maxwell Dee
23 May 2025
Appen Limited reports a strong financial turnaround in FY24, driven by growth outside Google and a focus on generative AI, while seeking shareholder approval for key governance and remuneration measures.
Sophie Babbage
Sophie Babbage
16 May 2025
Bubs Australia has triumphed in a long-standing legal dispute, winning $26.5 million in arbitration awards against Alpha Group subsidiaries Alice Trading and Willis Trading. The company now faces the challenge of recovering the awarded sums.
Victor Sage
Victor Sage
29 Apr 2025
G8 Education reported a robust 2024 financial and operational performance at its 2025 AGM, highlighting strategic progress and cautious optimism for 2025 despite early occupancy headwinds.
Victor Sage
Victor Sage
29 Apr 2025
Select Harvests Limited reported a strong financial turnaround in FY2024 with a $46 million EBITDA and a modest net profit, while facing shareholder concerns over a recent capital raise and remuneration report at its AGM.
Ada Torres
Ada Torres
18 Feb 2025
Select Harvests Limited delivered a standout FY24 with a record almond crop and a significant NPAT turnaround, underpinned by strategic cost management and a successful $80 million capital raise. The company signals continued growth and operational improvements heading into FY25.
Ada Torres
Ada Torres
18 Feb 2025
humm Group Limited has reported a strong turnaround with a $27.3 million net profit for the half-year ended December 2024, reversing last year’s loss and announcing a higher fully franked interim dividend.
Claire Turing
Claire Turing
18 Feb 2025