Latest Financials News

Activeport and FirstWave have teamed up to launch an AI Gateway that provides large enterprises and government clients with secure, high-performance access to GPU compute over Australia’s largest carrier networks.

Goodman NZ (NZX:GNZ) posted a 126% jump in statutory profit to $248 million for FY26, underpinned by strong property revaluations and leasing gains. The group completed its corporatisation and stapling, launched a property funds management platform, and progressed a development pipeline exceeding $1 billion.

Bankers Investment Trust reported a 3.7% NAV total return for the half-year to April 2026, outpacing the FTSE World Index, while declaring a 3.1% dividend increase. Fund manager Alex Crooke announced retirement, with Richard Clode set to take the helm.

Li-FT Power Ltd. has obtained a binding call option to acquire the Renard diamond mine site or its owning companies, aiming to repurpose its processing infrastructure for lithium production. The deal hinges on Canadian court approval and involves a significant option fee and care commitments.

Credit Clear's subsidiaries ARMA and Force Legal are defending allegations by the ACCC of Australian Consumer Law breaches related to debt collection communications over a three-year period.

Schoolblazer Group has consolidated its fragmented debt into a $110 million multi-currency facility with Westpac, providing significant headroom for growth and lowering its cost of debt.

Babylon Pump & Power is steering through a strategic reset with its rental business booming and new funding arrangements in place, aiming to resume trading by August 2026.

Otto Energy has launched a formal process to sell its Gulf of America oil and gas holdings, aiming to unlock shareholder value amid favourable commodity prices. The move includes key assets South Marsh Island 71 and Green Canyon 21, with no set timeline or guarantee of sale completion.

Spenda Limited has accelerated its strategic turnaround by slashing operating costs by about $400,000 per month and locking in new retail contracts, while eyeing divestments and emerging tech opportunities.

Iron Bear Resources has received the fourth tranche of USD 2 million from Vale, advancing the development of its Iron Bear iron ore project in Canada. This latest funding supports critical operational milestones including drilling and the Pre-Feasibility Study.

Thor Energy has awarded a significant 2D seismic survey contract to Velseis for its HY-Range Project, aiming to refine exploration targets for natural hydrogen and helium in South Australia.

American West Metals is finalising its Pre-Feasibility Study for the Storm Copper Project in Nunavut, advancing permitting and exploration along a 110km copper belt, backed by secured development funding.