Latest Going Concern Risk News

Yowie Group’s FY26 loss narrowed sharply after cost reductions and a non-cash loan impairment reversal, but revenue fell 27% and operating cash flow turned deeply negative. The confectionery maker remains loss-making, has negative net assets and faces uncertainty over funding, supply and the return of its ASX quotation.

Ovanti has reported a A$23.61 million FY2026 loss, A$21.27 million in operating cash outflows and only A$291,867 in cash at year end. The ASX-listed fintech has abandoned BNPL globally, but says its continuing operations and proposed funding initiatives provide a basis to keep trading despite a material going-concern uncertainty.

Heavy Minerals reported a sharply wider FY2026 loss and a $3.15 million net working capital deficit, with its auditor flagging material uncertainty over the company’s ability to continue as a going concern. The balance sheet pressure sits alongside stronger project milestones, including a post-year-end Port Gregory study and the push to fund Kanmantoo.

BauMart Holdings returned to profit in FY2026 as revenue surged, but the result came alongside negative operating cash flow, net liabilities and an auditor-flagged material uncertainty over its ability to continue as a going concern. A post-year-end $244,463 placement provides near-term funding, while receivables collection remains critical.

Peak Processing delivered its first positive Group EBITDA quarter in FY2026, but the turnaround remains financially fragile. The ASX-listed THC beverage manufacturer reported a $7.8 million statutory loss, negative operating cash flow and an explicit material uncertainty over its ability to continue as a going concern.

Pure Foods Tasmania has warned of a material uncertainty over its ability to continue as a going concern after reporting an $8.6 million FY2026 loss, negative cash and a breach of its Commonwealth Bank covenant. The company expects its existing funding facilities to fall short from approximately February 2027, with further equity funding still uncommitted.

MC Mining has warned of a material uncertainty over its ability to continue as a going concern, despite its flagship Makhado project entering hot commissioning. The company ended FY2026 with US$2.904 million in cash, a US$49.746 million net current liability position and continued reliance on shareholder funding.

Radiopharm Theranostics reported a A$56.3 million comprehensive loss for fiscal 2026, with operating cash outflows rising to A$52.8 million and cash falling to A$4.1 million. The company says further funding is required, while auditors flag a material uncertainty over its ability to continue as a going concern.

Delorean Corporation’s SA1 Salisbury renewable gas project is more than 85% complete after the company returned to near break-even EBITDA in FY2026. But the annual report carries a material uncertainty over going concern, leaving commissioning, refinancing and new funding as critical tests for the ASX-listed developer.

Askari Metals cut its annual loss by half, but the improvement came alongside continued cash burn, heavy equity issuance and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The company is now relying on further funding while it prepares exploration programs in Ethiopia and Namibia.

Canyon Resources has advanced construction at its Minim Martap bauxite project, but a lender’s drawdown suspension has delayed first shipment and created material uncertainty over the company’s ability to continue as a going concern. The annual report also details a recommended rejection of A2MP’s A$0.05-a-share takeover offer.

Cassius Mining reported a deeper FY2026 loss, negative net assets and a material uncertainty over its ability to continue as a going concern. The company is relying on further funding, a possible Ghana arbitration award and progress at its Soalara limestone project to support its next phase.