Latest Market News

Vulcan Steel reported an 8.6% revenue increase to NZ$535.4 million for the half-year ending December 2025, driven by its Roofing Industries acquisition and Steel segment growth, despite a 9.7% drop in net profit after tax.

NZME Limited has reported a significant turnaround in 2025, posting a statutory net profit after tax of NZD 13.1 million and a 15% increase in operating EBITDA, underpinned by strong digital revenue growth across its divisions.

BPH Energy and Bounty Oil & Gas have concluded their Federal Court hearing challenging the refusal to extend the PEP 11 permit, with the court's decision now pending.

Steadfast Group announces the planned retirement of co-founder and CEO Robert Kelly AM, initiating a structured leadership transition with a new CEO expected by August 2026.

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.