Latest Industrials News

MA Financial delivered strong third-quarter growth across lending, asset management and advisory, while warning that residential property credit conditions have forced a temporary redemption suspension. The group still expects underlying FY26 EPS to be materially higher than FY25.

Service Stream has reported higher margins, earnings and dividends for FY26, while its newly mobilised Defence operations are positioned to contribute more meaningfully in FY27. The company enters the new year with $8.2 billion of work in hand, a net cash balance sheet and a positive but non-specific growth outlook.

Iondrive received $3.765 million in grant cash during FY2026, including $3.691 million from the Australian Government’s Industry Growth Program. The company has deferred $1.671 million of that funding until further eligible pilot plant expenditure is incurred.

Cobre has secured 150,000 tonnes of low-cost ENAMI oxide material while testing two ways to recover copper from Sierra Atacama’s old leach infrastructure. The initiatives could lift SX-EW utilisation, although the historical pad opportunity remains early-stage and non-JORC.

Vulcan Steel has carried its FY26 recovery into the new year, reporting a 39% lift in first-quarter revenue and a 51% increase in EBITDA. The company also raised its FY26 dividend, while cautioning that Australia and New Zealand’s recovery remains gradual and uneven.

Minbos Resources has lodged a prospectus for 461.1 million listed options linked to its A$6 million placement, without raising fresh cash through the offer itself. The options could provide A$18.44 million if fully exercised, but the filing also flags going-concern uncertainty and further funding needs for the Cabinda phosphate project.

Yancoal’s September quarter brought stronger realised coal prices and a A$340 million rise in cash before its Kestrel acquisition and interim dividend. The US$1.85 billion deal now starts contributing earnings, although the mine’s first quarter will include a planned longwall relocation and additional debt funding.

ACDC Metals has moved Mount Jackson from target generation towards field execution, with BLM approval now in hand for a 15-hole program and up to 2,500 metres of RC drilling. The company ended September with $2.744 million in cash after raising $976,000 from an entitlement offer shortfall.

Verbrec has secured approximately A$22 million of water and wastewater infrastructure awards since the start of FY2027, led by a NZ$15.1 million headworks project in New Zealand. The contracts extend into FY2028 and support the company’s existing FY2027 revenue guidance, although margins and cash-flow timing remain undisclosed.

StepChange Holdings delivered a strong start to FY27, with unaudited first-quarter revenue rising 34% to $16.8 million and underlying EBITDA climbing 44% to $1.40 million. The consulting group also expanded its AI Method Library, advanced its US operations and lifted gross margin, although cash declined as acquisition consideration was funded.

Delorean has secured the operational licence needed for its SA1 Salisbury bioenergy project to begin receiving organic waste, with construction about 90% complete. The approval moves the facility into waste acceptance and biological commissioning ahead of its planned biomethane export into Adelaide’s gas network.

Blackpearl Group narrowed its quarterly EBITDAF loss to $2.97 million and is now targeting profitability in Q1 FY28. The company has also secured a non-binding US distribution agreement with a potential pipeline of more than 70 enterprise customers.