Latest Industrials News

K&S Corporation’s FY2026 annual report confirms a sharp earnings decline, a lower dividend and rising debt as weak demand, margin pressure and the loss of most InfraBuild work weigh on the logistics group. Management expects FY2027 to remain difficult, with no formal earnings guidance provided.

Actinogen Medical says its pivotal XanaMIA Alzheimer’s trial remains on course for topline results in November after the final patient visit was completed. The company also reported $15.9 million in cash, a further $5.3 million from option funding and a projected runway into late 2027 or 2028, assuming future trials are substantially partner-funded.

Firebird Metals has produced 99.999% ultra-high-purity manganese sulphate at its Hunan pilot plant and started processing ore from its Western Australian Oakover project. The next test is whether the result can be independently replicated with Australian feedstock before the Perth demonstration plant begins commissioning in 2027.

Cobalt Blue has signed a non-binding term sheet with Swiss trader STG Metals for cobalt metal from its proposed Kwinana refinery. The proposed deal covers up to 1,000 tonnes a year, but construction, product qualification and a definitive agreement remain outstanding.

Mount Ridley has lodged a second provisional patent application for an adapted Selectro chemistry targeting industrial metal feedstocks, following first-pass bauxite recoveries of 92% aluminium and 97% iron. Gallium results are still pending, and the process has not yet been optimised for bauxite.

NOVONIX has replaced a binding PowerCo supply agreement covering at least 32,000 tonnes of synthetic graphite with a framework that leaves volume and price unresolved. A new offtake deal will only be negotiated after customer qualification and further certification.

RAS Technology has agreed to a $49.8 million all-cash takeover by The Press Association, giving shareholders a 93% premium to the last traded price. The deal has board and founder support, but still requires an independent expert’s endorsement, shareholder approval and Federal Court sanction.

Orion Minerals has made Glencore’s US$40 million Tranche A financing unconditional, clearing the way for development of the Uppers Mine at its Prieska copper-zinc project in South Africa. The larger US$210 million package for the Deeps remains conditional, leaving the project’s full build-out dependent on further funding.

Monadelphous Group Limited (ASX:MND) enters FY27 with record FY26 revenue of $2.98 billion, a 52.1% profit increase and more than $680 million of new contracts secured since year-end. The engineering services group is also carrying a disputed claim worth about $200 million and a sizeable exposure to fossil-fuel markets.

St Barbara reported a $489.7 million FY26 statutory profit, but almost all of it came from the deconsolidation of New Simberi Gold rather than recurring operations. The annual report also confirms a debt-free balance sheet, a 5-cent fully franked dividend and a portfolio moving from transaction-making to project delivery.

Sparc Technologies has signed a non-exclusive MoU with UK graphene producer Levidian Nanosystems to develop and commercialise ecosparc-enhanced coatings across the GCC. The agreement sets targets for a binding commercial deal within 12 months and potential UAE manufacturing within 24 months, but commits neither sales nor revenue.

Vysarn delivered another year of rapid earnings growth, with revenue rising 31% and net profit after tax climbing 41% to $15.11 million. The bigger test now is whether its $65.3 million capital raise and Welltech acquisition can turn a growing collection of water businesses into a genuinely national platform.