Latest Fuel Costs News

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GLG Corp has reported a sharp FY2026 reversal, with revenue falling 8.9% and a US$23.2 million net loss after a major impairment tied to outsourced manufacturer GLIT. The ASX-listed apparel group has since terminated the arrangement, secured bank covenant waivers and begun shifting production to Cambodia and Vietnam.
Victor Sage
Victor Sage
8 Oct 2026
Redox enters FY27 from a position of record revenue, higher margins and a debt-free balance sheet, while its North American business passes $100 million in sales. The chemical distributor also reported 9% higher average selling prices in the first quarter, although volumes remained broadly flat and freight costs increased.
Victor Sage
Victor Sage
7 Oct 2026
Kingfish’s adjusted NAV rose 1.2% in August, broadly matching the NZX benchmark as Vista, Fisher & Paykel Healthcare and Delegat delivered the strongest portfolio gains. The fund still trades at a 7.5% discount to NAV, while its one-year shareholder return remains negative.
Claire Turing
Claire Turing
11 Sept 2026
WasteCo is asking eligible New Zealand shareholders for up to NZ$750,000 in fresh equity as it tackles NZ$40.1 million of debt, a FY2026 loss and an aggressive operational reset. The non-underwritten plan follows a separate placement and is priced at NZ$0.007 per share.
Maxwell Dee
Maxwell Dee
11 Sept 2026
AVADA Group lifted revenue by nearly 15% in FY26, driven by Queensland and New South Wales expansion, while managing a $15 million impairment in Victoria that kept the statutory loss steady.
Victor Sage
Victor Sage
31 Aug 2026
Virgin Australia Holdings (ASX:VGN) posted a 13.4% rise in underlying EBIT to $753 million for FY26, declaring a fully franked dividend of 7.6 cents per share, its first since relisting. The airline’s transformation program, fleet renewal, and operational resilience underpin its improved financial and customer metrics.
Victor Sage
Victor Sage
28 Aug 2026
Air New Zealand reported a $242 million net loss for FY2026, hit by soaring fuel prices and multi-year engine issues despite revenue growth and operational gains.
Victor Sage
Victor Sage
28 Aug 2026
Air New Zealand reported a $242 million net loss after tax for FY2026, hit by soaring fuel costs linked to the Middle East conflict and persistent engine issues. The airline unveiled a new strategy aiming for operational resilience and targeted growth amid ongoing cost pressures.
Victor Sage
Victor Sage
28 Aug 2026
Experience Co posted a modest 2% revenue rise to $129.6 million in FY26, but underlying EBITDA slipped 8% due to weather disruptions, inflationary pressures, and industrial action. The company is advancing a $65 million deal to combine its Skydive business with Inflite Group.
Victor Sage
Victor Sage
26 Aug 2026
Bathurst Resources delivered a consolidated EBITDA of NZD 44.7 million for FY26, reaching the top of its guidance despite a challenging start to the year for export coal prices. The company advanced key growth projects in New Zealand and Canada while maintaining a robust cash position.
Maxwell Dee
Maxwell Dee
26 Aug 2026
Scales Corporation delivered a record first half in 2026 with revenues soaring 105% to NZ$762.1 million and underlying EBITDA up 18% to NZ$102.2 million. The diversified agribusiness raised its full year profit guidance despite challenges in Europe and the Middle East.
Victor Sage
Victor Sage
26 Aug 2026
Maas Group Holdings posted a record FY26 with underlying EBITDA up 37% to $300.3 million, driven by electrical manufacturing growth. The $1.7 billion sale of its Construction Materials division to Heidelberg Materials is set to reshape its capital allocation and growth strategy.
Victor Sage
Victor Sage
20 Aug 2026

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