Latest Financials News

KMD Brands reported a modest 1% sales increase in FY25 but faced a sharp 65% drop in underlying EBITDA, prompting a bold 'Next Level' turnaround strategy targeting margin expansion and debt reduction in FY26.

KMD Brands reported a slight revenue increase to NZD 989 million for FY25 but faced significant underlying losses, prompting a strategic reset. The company also reinforced its commitment to tackling modern slavery risks across its global supply chain.

Tower Limited has renewed its FY26 reinsurance programme with lower premium expenses and enhanced catastrophe coverage, signaling strong financial resilience amid evolving risk landscapes.

The Lion Series 2020-1 Trust has completed the redemption of its $920 million Class A1 floating rate notes, leading to their suspension and removal from the ASX official list.

Commonwealth Bank of Australia updates its final dividend details, confirming a fully franked payout of AUD 2.60 per share and setting the Dividend Reinvestment Plan price at AUD 168.60 with no discount.

K&S Corporation has lost its decades-long transport service contracts with InfraBuild following a competitive tender, with the transition expected before the end of FY2026. The financial impact remains unclear as the company prepares for operational changes.

Nickel Industries Limited plans to issue new senior unsecured notes while tendering its existing 2028 notes, aiming to extend its debt maturity profile and optimize its capital structure.

Genmin Limited advances its Baniaka iron ore project with PowerChina’s subsidiary Sinohydro submitting engineering and construction proposals that suggest potential capital cost reductions. Parallel funding discussions with Chinese partners are also progressing.

Enegex Limited is poised to resume trading on the ASX following an announcement about a significant acquisition and capital raising, signaling a pivotal moment for the renewable energy company.

Range International has raised A$1.57 million through a discounted share placement to fund growth initiatives in Indonesia and the Philippines, alongside a key board appointment.

Cokal Limited has secured a binding agreement with PT Petrindo to jointly fund and develop the BBM Haul Road into an all-weather route, appointing PT Petrosea as contractor to support coal transport capacity growth.

QPM Energy has reported its first-ever profit alongside a 12.6% revenue increase and significant growth in gas reserves and electricity generation capacity.