Latest Financial Services News

MyState Limited has announced a fully franked ordinary dividend of AUD 0.11 per share for the half-year ending June 2025, accompanied by a Dividend Reinvestment Plan offering a 1.5% discount.

Challenger Limited reported a robust 48% increase in net profit after tax for FY2025, alongside a 4.6% rise in revenue and an 11.3% dividend hike, reflecting improved operational performance and financial resilience.

Platinum Asia Investments Limited (PAI) shares have been suspended following Federal Court approval of a scheme exchanging all shares for units in the Platinum Asia Fund Complex ETF (PAXX). This marks a significant structural shift for PAI investors.

Platinum Asia Investments Limited has secured Federal Court approval for its scheme of arrangement, marking a key structural shift as its shares prepare to convert into ETF units.

PointsBet Holdings has updated shareholders on MIXI Australia’s unconditional takeover offer, raising the cash price to $1.25 per share and securing unanimous board support. The company also dismissed a rival scrip bid from Betr Entertainment as inferior.

Fiducian Group reported robust FY2025 results, showcasing significant growth in funds under management and administration alongside a strong dividend payout. The company’s fintech innovation and adviser expansion underpin its steady momentum.

Fiducian Group Limited has reported a solid 23.5% rise in net profit for the 2025 financial year, alongside a 10.6% increase in revenue and a higher fully franked final dividend of 24.7 cents per share.

WAM Global Limited outperformed the MSCI World Index in FY2025 with a 19.4% portfolio gain, enabling a higher fully franked dividend of 17 cents per share. The company’s strong results reflect strategic investments in undervalued global growth stocks amid volatile markets.

Ryder Capital Limited has delivered a robust financial performance for the year ended 30 June 2025, reporting $17 million in net tangible assets and maintaining a fully franked dividend policy. The company’s audited results highlight strong governance and transparent related party transactions amid a complex valuation environment.

Magellan Asset Management is set to overhaul its High Conviction Trust Active ETF by adopting the Global Opportunities Strategy, cutting fees and appointing a new portfolio manager.

Platinum Capital Limited has received a non-binding proposal from Wilson Asset Management to take over its investment management, signaling a potential strategic shift pending shareholder approval.

Bell Financial Group reported a 44% drop in half-year net profit to $9.3 million, driven by a sharp decline in broking revenues, while its Technology & Platforms and Products & Services divisions delivered robust growth.