Latest Financials News

Creditors of Mosaic Brands Limited and its associated companies have resolved to place the group into liquidation, marking a significant development in the retailer’s ongoing financial distress.

Aumake Limited unveils a major FY26 restructuring, splitting operations into two focused units and targeting acquisitions in health supplements to boost profitability and market reach.

Highfield Resources reports steady progress on a proposed $300 million equity placement with Qinghai Salt Lake, aiming to accelerate its flagship Muga and Southey potash projects. While due diligence advances, no binding deal is yet secured.

Magellan Financial Group reported a modest rise in assets under management to $39.6 billion as of June 30, 2025, alongside a strategic shift from monthly to quarterly AUM disclosures.

Enlitic has completed its $10 million capital raise, triggering a $2 million advance payment from GE HealthCare and cementing a strategic collaboration with significant revenue potential.

S2 Resources has closed its Share Purchase Plan significantly oversubscribed, prompting a pro-rata scale back. The combined funds from the SPP and recent placement will accelerate exploration across multiple Australian projects.

Torque Metals has kicked off a fully funded 6,500-metre drilling campaign at its Paris Gold Project in Western Australia, aiming to expand its 250,000-ounce gold resource by targeting high-grade zones identified through advanced electromagnetic surveys.

Capricorn Metals capped FY25 with a strong Q4 at Karlawinda, delivering gold production at the upper guidance range while pushing forward major development milestones.

Metallium Ltd, formerly MTM Critical Metals, has upgraded its U.S. listing to the OTCQX Best Market, enhancing investor access and aligning with its expanding U.S. operations including a new Texas commercial site.

Monadelphous Group Limited has secured over $100 million in new energy sector contracts, highlighted by a major project with Shell on the Crux platform off Western Australia and an extension with Origin Energy for LNG equipment supply.

Tourism Holdings Limited trims its FY25 profit guidance to the lower end of analyst expectations, citing ongoing challenges in global RV sales and a potential goodwill impairment tied to its US operations.

My Rewards International has secured conditional approval from the ASX to reinstate its shares, pending a significant capital raise and debt-to-equity conversion. The company faces a detailed checklist before regaining official quotation.