Latest Invoice Finance News

Prophecy International entered FY27 with sharply lower revenue, negative net assets and just $1 million in cash after a difficult restructuring year. Management has cut costs and launched its ProdataIQ AI product, but the auditor has warned of material uncertainty around the company's ability to continue as a going concern.

WasteCo is asking eligible New Zealand shareholders for up to NZ$750,000 in fresh equity as it tackles NZ$40.1 million of debt, a FY2026 loss and an aggressive operational reset. The non-underwritten plan follows a separate placement and is priced at NZ$0.007 per share.

Babylon Pump & Power (ASX:BPP) says it has satisfied the conditions attached to its revised NAB debt facilities and has sufficient working capital after completing its recapitalisation. The company is now positioning itself as a focused water-management rental business, although ASX has not yet confirmed when trading will resume.

WasteCo Group is raising $2 million through a share placement at $0.007 per share to finance a comprehensive turnaround and expansion plan amid ongoing financial challenges and a leadership overhaul.

Babylon Pump & Power reported a $5.2 million EBITDA loss in FY26 amid legacy maintenance struggles but saw its rental segment revenue surge 160%. The company exited maintenance post-year end and raised $7.27 million to strengthen its balance sheet and fund rental growth.

Ashley Services Group delivered a standout FY26 with revenue up 16.7% to $602.2 million and net profit after tax surging 189.5% to $6.29 million, supported by margin gains across key sectors and a strategic acquisition.

Mastermyne Group Limited (ASX:MYE) delivered a robust FY26 with revenue up 13% to $237.7 million and underlying profit before tax surging 148% to $15.7 million, supported by contract wins and a record order book.

MOVE Logistics Group has completed its strategic Reset phase, reporting a return to positive normalised earnings and improved cashflow in FY26, despite ongoing challenges in its warehousing division.

MOVE Logistics has returned to profitability in FY26, delivering positive normalised earnings before tax alongside revenue growth and reduced net debt, despite ongoing challenges in its warehousing division.

WasteCo Group has inked a $10 million funding deal with PFNZ Limited, enhancing its working capital and financial flexibility to support operational improvements and future expansion.

Earlypay has slashed its shares on issue by 17.6% through a $9.3 million buyback while eliminating corporate debt, and now projects its Funds In Use will hit a three-year high by June 2026.

MOVE Logistics Group reports a 98% improvement in normalised earnings before tax and a significant reduction in net debt, positioning the company on track for a profitable FY26 despite ongoing market challenges.