Latest Market News

PYC Therapeutics reported a narrowed half-year loss of $22.8 million while progressing four RNA drug candidates through clinical stages. The company announced a major $653 million capital raising to extend its cash runway to 2030 and support ongoing development.

Sequoia Financial Group reported a 75.9% jump in operating profit for 1H FY26 despite a net loss after non-operating charges, prompting a cautious dividend cut amid regulatory challenges.

Apiam Animal Health has officially become a wholly owned subsidiary of Adamantem Capital's entities following a scheme of arrangement, with shareholders receiving a special dividend and a mix of cash and shares. The company will soon be delisted from the ASX.

Southern Cross Media Group announces a significant reshuffle in its executive leadership following its recent merger, with CEO Jeff Howard stepping down and a global search underway for his successor.

Global Masters Fund Limited reported a half-year net loss despite a modest increase in operating revenue, impacted by currency fluctuations and portfolio underperformance. No dividend was declared as the fund focuses on long-term capital growth.

Waterco Limited reported a modest revenue decline but delivered a strong 13% rise in net profit after tax for the half year ended December 2025, driven by improved margins and operational efficiencies. The company declared a 7 cent fully franked interim dividend and is advancing its manufacturing footprint in Malaysia.

BPM Minerals has responded to ASX scrutiny over the timing and materiality of its Bonnie & Clyde tenement grant announcement and related capital raising, confirming adherence to continuous disclosure rules.

HiTech Group Australia Limited reported a steady half-year profit of $2.04 million for H1 FY26, maintaining a strong cash position and zero debt while navigating government spending cuts. The company declared a fully franked interim dividend of 4.5 cents per share.

Hamelin Gold Limited has responded to ASX inquiries about a sharp rise in its share price and trading volume, denying any undisclosed information and pointing to a recent exploration announcement as the likely market driver.

Havilah Resources has secured a $31.5 million cash payment and $15 million in exploration funding from Sandfire Resources, accelerating plans for drilling and development around the Kalkaroo copper-gold deposit in South Australia.

APC Minerals has announced the departure of CEO Matthew Shackleton, who led the company through challenging times including the stalled Lake Wells Sulphate of Potash Project and recent voluntary administration.

Academies Australasia Group reported a 21% reduction in net loss for the half year to December 2025, alongside a strategic share buy-back and increased director lending. Despite a 6% revenue dip, EBITDA remained steady, signalling cautious operational resilience.