Latest Financials News

AVITA Medical reported a 21% increase in Q2 commercial revenue to $18.4 million and narrowed its net loss, yet faces a reimbursement hurdle that forced a downward revision of full-year guidance. The company highlights clinical progress and strategic board appointments as it navigates payment challenges.

Solstice Minerals has identified promising new geophysical targets at its Nanadie Copper-Gold Project, setting the stage for a maiden drilling campaign aimed at expanding its existing resource.

Zenith Minerals has finalised the sale of its 20% stake in the Kavaklitepe gold project in Turkey, securing approximately A$820,000. The company plans to reinvest these proceeds to accelerate exploration at key Australian gold and copper-gold projects.

Nick Scali Limited reported a 5.8% revenue increase to $495.3 million in FY25, driven by its UK acquisition, but statutory net profit fell 28.4% amid integration and freight disruption costs. The company declared a fully franked final dividend of 33 cents per share.

Block, Inc. reported a 2% decline in net revenue for Q2 2025, driven by lower bitcoin revenue despite growth in transaction and subscription services. The company posted strong net income and continued its $4 billion share repurchase program.

Block, Inc. reported a robust second quarter with 14% year-over-year gross profit growth, driven by strong performances from Cash App and Square. The company raised its full-year guidance, highlighting strategic expansions in peer-to-peer payments, AI tools, and bitcoin integration.

Novo Resources Corp. reported key drilling milestones at its Pilbara and New South Wales projects in Q2 2025, alongside a reduced net loss and ongoing liquidity challenges. The company’s exploration momentum continues despite material uncertainty over its going concern status.

Novo Resources Corp reported a reduced net loss of CAD 5.85 million for H1 2025, improving liquidity while continuing its gold exploration efforts in Australia.

Fortescue has secured a landmark RMB 14.2 billion syndicated term loan, marking the first such facility by an Australian corporate and underscoring its deepening ties with China to support its decarbonisation goals.

QBE Insurance Group reported a robust half-year performance with a 28% rise in adjusted net profit and solid premium growth, underpinning a confident outlook for 2025.

QBE Insurance Group reported a strong first half in 2025, with net profit rising significantly and a stable capital position, underpinning confidence in its full-year outlook.

QBE Insurance Group reported robust half-year results with a 6% increase in gross written premiums and a notable improvement in underwriting profitability. The insurer’s strategic portfolio management and resilient investment performance underpin a confident outlook for 2025.