Latest Impairment Charges News

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Westpac Banking Corporation posted a slight 1% decline in net profit for the first half of 2025, underpinned by strong growth in business and institutional lending and a resilient balance sheet amid global volatility.
Victor Sage
Victor Sage
5 May 2025
Westpac Banking Corporation reported a modest 1% decline in net profit to AUD 3.317 billion for the six months ended March 2025, maintaining its interim dividend and advancing key digital and sustainability initiatives.
Claire Turing
Claire Turing
5 May 2025
Lloyds Banking Group reported a resilient start to 2025 with statutory profit after tax of £1.1 billion, underpinned by solid lending and deposit growth. The bank reaffirmed its 2025 guidance, maintaining confidence despite economic uncertainties.
Claire Turing
Claire Turing
1 May 2025
National Australia Bank’s first quarter update reveals a modest 2% dip in cash earnings despite a 3% revenue increase, as credit impairment charges and expenses rise. The bank’s refreshed strategy and strong capital position set the stage for cautious optimism.
Victor Sage
Victor Sage
19 Feb 2025
Mineral Resources Limited reported a challenging first half of 2025 with significant profit declines amid weaker commodity prices, yet delivered record earnings in Mining Services and advanced its transformative Onslow Iron project.
Maxwell Dee
Maxwell Dee
18 Feb 2025
Mineral Resources Limited posted a substantial $809 million loss for the half-year ending December 2024, driven by lower revenues and significant impairment charges, notably at its Bald Hill lithium project. The company also announced no interim dividend as it focuses on liquidity and operational transitions.
Maxwell Dee
Maxwell Dee
18 Feb 2025
AUCyber Limited reported a substantial $19.5 million net loss for the half-year ended December 2024, driven by a $14.7 million impairment following underperformance post-merger. The company has since received and recommended a takeover bid from 5G Networks Limited.
Victor Sage
Victor Sage
18 Feb 2025
Big River Industries reported a 3.3% revenue decline and a 26% drop in EBITDA for 1H FY25, reflecting ongoing residential market challenges. Despite this, the company is investing in growth and operational efficiencies, maintaining a cautiously optimistic outlook for FY26 and beyond.
Victor Sage
Victor Sage
18 Feb 2025
Big River Industries reports a 3.3% revenue decline in 1H FY25 but shows signs of operational resilience and strategic progress amid challenging market conditions.
Victor Sage
Victor Sage
18 Feb 2025
Big River Industries reported a significant $17 million loss for the half-year ending December 2024, driven by a $20 million non-cash impairment charge and a 3.3% revenue decline. The company also announced a reduced fully franked interim dividend of 2 cents per share.
Victor Sage
Victor Sage
18 Feb 2025
Heartland Group Holdings reports a sharp rise in impairment expenses to $49.6 million for its New Zealand banking arm, driven by worsening economic conditions. Despite this, the bank remains well capitalised and expects to maintain dividend payments.
Claire Turing
Claire Turing
18 Feb 2025
Westpac's 1Q25 results reveal a solid financial footing with a $1.7 billion net profit, strong capital ratios, and resilient credit quality despite a modest revenue dip.
Victor Sage
Victor Sage
17 Feb 2025