Latest Joint Venture News

ClearView Wealth Limited reported a solid 10% revenue increase for FY25 alongside a 126% jump in profit from continuing operations, yet net profit was tempered by losses from discontinued segments. The company paused its share buy-back program, signaling cautious capital management ahead.

Evion Group’s joint venture in India has made its inaugural shipments of expandable graphite to the US, capitalizing on rising global demand and supply shortages. The company also secures EU recognition as a preferred graphite supplier for critical industries.

Doctor Care Anywhere Group PLC has reported its first-ever profit for the six months ended June 2025, marking a pivotal turnaround driven by operational efficiencies and pricing strategies despite a revenue dip.

Medibank Private Limited reported steady revenue growth and stable profit for FY25, while navigating ongoing cybercrime-related expenses and regulatory scrutiny. The insurer also announced increased dividends and outlined strategic investments in health services and digital transformation.

Mineral Resources Limited posted a $896 million statutory loss for FY25, driven by significant impairments, while Onslow Iron achieved commercial production and governance reforms reshape the board.

Sprintex Limited reported a 26% revenue increase for FY25 but also a 37% rise in net loss, as it accelerates global expansion through key distribution deals and manufacturing upgrades.

IGO Limited reported a significant net loss for FY25 driven by a $605 million impairment at its Kwinana lithium refinery and challenging market conditions. Despite setbacks, the Greenbushes operation maintained strong margins, and the company is advancing a refreshed strategy focused on clean energy materials.

MotorCycle Holdings Limited reported a robust 11.6% revenue increase and a 27.5% jump in profit after tax for FY25, announcing a fully franked 5 cent final dividend.

AVA Risk Group reported a 5% increase in revenue to $31.6 million for FY2025 but saw losses widen by 24% and EBITDA fall by 34%, with no dividend declared.

Invictus Energy has forged a landmark partnership with Al Mansour Holdings, securing a strategic 19.9% stake and up to US$500 million in funding to advance its Cabora Bassa Project and expand into African upstream oil and gas markets.

Cue Energy Resources has obtained a decade-long extension for its Maari oilfield permit in New Zealand, enabling continued production and resource optimisation through to 2037. The move follows a recent surge in output, marking the highest monthly production in over five years.

PolarX Limited has struck a significant joint venture deal with Northern Star Resources, enabling the gold producer to earn up to a 70% interest in the Alaska Range Project through staged investments totaling US$39 million. This partnership aims to accelerate exploration and resource expansion at key copper and gold deposits in Alaska.