Latest Materials News

Cleanaway Waste Management reported strong FY25 results with double-digit earnings growth and a 20% dividend increase, while setting an ambitious EBIT target for FY26 supported by recent acquisitions and operational improvements.

Cleanaway Waste Management posted a 14.6% rise in underlying EBIT to $411.8 million for FY25, driven by solid waste services growth and strategic acquisitions. However, the Board exercised discretion to reduce executive short-term incentives by 30% due to safety performance issues including three fatalities.

Iluka Resources has announced a fully franked dividend of AUD 0.02 per share for the first half of fiscal 2025, accompanied by a Dividend Reinvestment Plan available to Australian and New Zealand shareholders.

Fletcher Building reported a $419 million net loss for FY25 on softer demand and legacy costs but halved its net debt to $999 million through strategic capital management and divestments.

James Hardie Industries reported a 9% decline in Q1 FY26 net sales to $900 million, while successfully completing its AZEK acquisition, setting the stage for expanded market reach and product offerings. The company adjusted its FY26 guidance to reflect softer North American demand but remains focused on long-term growth.

Prodigy Gold NL has reported a total mineral resource of 1.03 million ounces of gold, driven by updated estimates at its Tregony and Hyperion deposits and a restatement of Buccaneer resources reflecting higher gold prices.

Sky Metals Ltd has confirmed its recent trading halt was requested pending a material capital raising announcement, affirming compliance with ASX disclosure rules.

Hancock & Gore has completed a transformative acquisition of UK-based Trutex, creating a global schoolwear group with pro-forma revenues near A$200 million and EBITDA of about A$25 million. This deal marks a strategic repositioning as H&G rebrands to Schoolblazer Limited and consolidates its international footprint.

Metal Bank Limited is fast-tracking gold production at its Livingstone project in Western Australia, leveraging near-surface resources and existing processing infrastructure, while advancing copper and critical minerals exploration in Saudi Arabia.

XRF Scientific Limited reported a record profit for FY25, driven by strong mining sector demand and international sales growth, alongside strategic acquisitions that bolster its market position.

Ausmon Resources has addressed a recent spike in its share price and trading volume, attributing the market interest to prior drilling assay results for rare earth elements in South Australia.

Syrah Resources’ Mozambican graphite operation receives a $6.5 million loan disbursement from the US DFC, with further funding contingent on a critical loan restructure planned for September.