Latest Financials News

Synlait has agreed to sell its North Island assets to global healthcare giant Abbott for approximately US$178 million, marking a strategic reset focused on debt reduction and operational simplification. The deal, expected to close by April 2026, positions Synlait to concentrate on its South Island operations and explore new growth avenues.

Synlait Milk Limited reported an 11.7% rise in revenue to NZD 1.83 billion for the year ending July 2025, yet its net loss deepened sharply to nearly NZD 40 million, prompting a halt on dividends.

Venari Minerals has completed a $4.1 million placement, bolstering its efforts to advance key lithium and gold projects, including a maiden resource estimate at Red Mountain.

Warriedar Resources Limited (ASX, WA8) has moved closer to acquisition by Capricorn Metals Ltd (ASX, CMM) through a court-approved scheme offering Warriedar shareholders a significant premium. The transaction promises exposure to Capricorn's producing assets and diversification benefits.

Cromwell Property Group has announced the commencement of asset realisation and winding up of its Direct Property Fund, following a recent liquidity event. The process is designed to be gradual and is not expected to affect the company’s FY26 earnings or distribution guidance.

DigitalX Limited has appointed William Hamilton as General Manager following the resignation of Interim CEO Demetrios Christou, as the company continues its search for a permanent CEO.

Advance Metals Limited has responded to an ASX query clarifying its compliance with disclosure rules and marketing practices, while updating on its funding status and capital raise plans.

The National Court of Papua New Guinea has dismissed litigation brought by offshore-funded landowners against Bougainville Copper Limited, ordering indemnity costs in the company’s favor.

Elanor Investors Group has obtained a crucial ASX waiver allowing a longer timeframe to issue securities tied to its $125 million recapitalisation with Rockworth Investment. This move addresses regulatory delays and aims to stabilise Elanor's balance sheet and reduce gearing.

Super Retail Group Limited has updated its dividend details, confirming a fully franked ordinary dividend of AUD 0.34 per share and a special dividend of AUD 0.30 per share, alongside an updated dividend reinvestment plan price of AUD 16.90.

United Overseas Australia Ltd has completed its acquisition of a prime land parcel in Ho Chi Minh City, setting the stage for a major Grade A office development that aligns with Vietnam’s growing financial hub ambitions.

Synlait Milk Limited has completed a $350 million refinancing package with a strong banking syndicate, featuring amended financial covenants for FY26 and maintaining key shareholder support.