Latest Financials News

Maronan Metals has released a Preliminary Economic Assessment for its Starter Zone project, revealing strong financial metrics and two viable development options – an onsite processing plant and a toll-treatment alternative.

Delorean Corporation has locked in a $14.5 million lower-cost loan facility with National Australia Bank to fund its SA1 Salisbury Bioenergy Project, refinancing existing debt and freeing capital for further bioenergy developments.

Arovella Therapeutics has received a $3.21 million R&D tax incentive refund, bolstering its financial position as it prepares to initiate first-in-human trials for its lead cell therapy, ALA-101.

Bendigo and Adelaide Bank has updated its dividend distribution details for the financial year ending June 2025, confirming a fully franked dividend of AUD 0.33 per share and clarifying its Dividend Reinvestment Plan arrangements.

Amplitude Energy Limited has announced a fully underwritten $150 million equity raising to fund the expansion of its East Coast Supply Project (ECSP+) and the potential restart of the Patricia Baleen gas field, aiming to boost gas supply in Australia’s constrained east coast market.

Washington H. Soul Pattinson and Brickworks have completed their share scheme implementations, exchanging existing shares for Topco shares and marking a key step in their corporate combination. Brickworks will delist from the ASX, while Topco shares begin normal trading.

Altamin Limited has successfully closed the institutional tranche of its 45-for-100 entitlement offer, raising $3.43 million with full participation from its major shareholder, the Victor Smorgon Group. The retail offer opens on 29 September, presenting shareholders with a chance to invest at the same price.

Myer Group posted modest sales growth in FY25, buoyed by the Apparel Brands acquisition, but faced profitability challenges from operational disruptions and macroeconomic pressures. The Group is advancing its omni-channel strategy and cost management initiatives while addressing National Distribution Centre issues.

Myer Holdings reported a 13.8% revenue increase in FY25, boosted by its acquisition of Apparel Brands, yet faced a statutory net loss of $211.2 million due to goodwill impairment. The integration of Apparel Brands is underway, with strategic growth initiatives in motion.

Mineral Resources Limited has priced a US$700 million senior unsecured notes offering at 7.000%, aiming to refinance its existing higher-cost debt due in 2027. The move signals a strategic effort to optimise its capital structure amid evolving market conditions.

Diablo Resources has wrapped up its maiden drilling at the Phoenix Copper Project in Utah, with assay results pending and plans underway for further exploration at the Fair Dinkum Prospect. The company is also eyeing expansion across the US critical minerals sector amid supportive government initiatives.

Noxopharm Limited has secured an extension on $2.6 million of convertible notes and obtained a $1.25 million unsecured loan to bolster working capital, pending shareholder approval.