Latest Housing News

Star Combo Pharma has completed a manufacturing expansion that doubles production capacity, but FY2026 revenue fell 15% and profit before tax dropped to $528,472. The company remains cash-backed and dividend-paying, while its next test is converting spare capacity into stronger OEM and Own Brands growth.

Peet delivered record FY26 earnings as its proposed sale to Ingenia moves through the approval process. Profit rose 77% to $103.4 million, while contracts on hand climbed to $850.7 million and the fully franked dividend increased to 13 cents per share.

Bhagwan Marine reported $81.3 million in Q1 FY27 revenue, up 32% on the prior corresponding period, as subsea services and Riverside Industrial Sands led a stronger start to the year. Recurring revenue also increased to 64%, while new subsea awards and a Riverside Guardian contract added to the growth pipeline.

Mirvac has held its FY27 earnings and distribution guidance after a resilient first quarter, despite a marked moderation in residential activity. Occupancy remained at 97%, development milestones advanced and roughly three-quarters of the $200 million buy-back was complete by 20 October.

Vault Minerals generated $95.7 million in underlying free cash flow during the September quarter, while completing its King of the Hills Stage 2 upgrade ahead of schedule and maintaining FY27 production guidance. Operational performance was mixed, with weather, lower grades and underground constraints weighing on output at several sites.

GoldArc Resources has secured approval for the western haul road and expanded accommodation village needed to support mining at Mt Stirling and Mt Stirling Well. The project is now described as fully permitted and shovel ready, although a mining start date and processing arrangement remain unresolved.

SkyCity has reiterated its FY27 earnings outlook after first-quarter trading remained in line with expectations, despite subdued consumer conditions in New Zealand and Australia. Cost savings are running ahead of schedule, but one-off charges, online casino investment and the absence of formal guidance leave the recovery heavily execution-dependent.

Scalare Partners expanded its national founder network and launched a new recurring-revenue platform, but ended the September quarter with only $548,000 in cash. The company says statutory operating cash flow was positive, although its own matching-basis calculation points to an underlying cash outflow of about $1.16 million.

PWR Holdings has lifted its FY27 Aerospace and Defence revenue growth outlook to around 50% after delivering record FY26 revenue of $170.7 million. A new US$4.6 million pre-contract order and a planned Polish manufacturing site are adding momentum, although the larger defence opportunity remains subject to customer and program decisions.

Everest Metals has advanced its Mt Edon rubidium project towards pilot plant development after batch testing delivered recovery of up to 90% and cut leaching water use by 60%. The scale-up remains unfinished, with continuous rotary-kiln trials producing lower and variable recovery of 50% to 60%.

Kiwi Property has launched a seven-year senior secured green bond offer of up to NZ$200 million, with a minimum interest rate of 5.55% and an expected BBB+ issue rating. The final margin, interest rate and accepted amount will be set after a bookbuild on 23 October.

Stockland has maintained its FY27 earnings, distribution and settlement targets despite softer residential demand and longer customer decision times. Logistics and retail remain firm, while the group’s data centre pipeline now has approximately 450MW of power secured.