Latest Goodwill Impairment News

Codan Limited has delivered a robust FY25 performance, with revenue up 22% and net profit rising 27%, underpinned by strong growth in its Communications and Metal Detection segments. The company also announced a 27% increase in dividends and a significant reduction in net debt.

Universal Store Holdings reported a robust FY25 with 15.5% revenue growth to $333.3 million, driven by strong like-for-like sales and new store openings. Despite a goodwill impairment in its CTC segment, the group declared a solid final dividend and advanced its sustainability agenda.

Peter Warren Automotive Holdings reported a modest revenue increase but a sharp profit decline in FY25, unveiling a new CEO and a refreshed growth strategy to tackle industry challenges.

Euroz Hartleys Group Limited reported a robust 87.7% increase in net profit for FY25, driven by growth across brokerage, underwriting, and wealth management. The company declared a fully franked full-year dividend of 5.5 cents per share, reflecting confidence in its operational leverage and balance sheet strength.

Bendigo and Adelaide Bank reveals a substantial $539.5 million goodwill impairment and $9 million restructuring costs for FY25, while reassuring investors that cash earnings and capital remain intact.

Kogan.com has recorded a significant non-cash goodwill impairment related to its Mighty Ape acquisition, reflecting ongoing challenges in New Zealand’s retail market and delayed technology recovery.

Aurizon reported a slight decline in FY2025 underlying EBITDA to $1.576 billion but secured a landmark BHP contract and announced a fresh $150 million buy-back, signaling confidence in its future growth.

Aurizon Holdings reported a modest 3% decline in FY2025 underlying EBITDA, weighed down by Bulk segment setbacks, while announcing a robust FY2026 earnings forecast and a $150 million share buy-back.

TALi Digital Limited reported a sharp reduction in losses for FY25 alongside a strategic acquisition of YCDI Education Australia, signaling a pivot towards social-emotional learning. The company also secured nearly $1 million in fresh capital to support its growth ambitions.

Bell Financial Group reported a sharp 44% drop in half-year profit to $9.3 million, citing market volatility impacting its broking segment. The company also trimmed its interim dividend to 3 cents per share, down from 4 cents.

Nick Scali Limited reported a 5.8% revenue increase to $495.3 million in FY25, driven by its UK acquisition, but statutory net profit fell 28.4% amid integration and freight disruption costs. The company declared a fully franked final dividend of 33 cents per share.

Tourism Holdings Limited has dismissed a $2.30 per share acquisition offer from a BGH-led consortium, reaffirming its FY25 underlying profit expectations despite anticipating a statutory loss due to significant impairments.