Latest Modern Slavery News

KMD Brands reported a slight revenue increase to NZD 989 million for FY25 but faced significant underlying losses, prompting a strategic reset. The company also reinforced its commitment to tackling modern slavery risks across its global supply chain.

SunRice reported steady FY25 financials with improved profitability despite revenue pressure, while advancing its 2030 Growth Strategy amid industry headwinds and leadership transition.

Atlas Arteria reported a statutory net profit of $73.3 million for H1 2025, impacted by a new tax, while toll revenues rose 8.1%. The company reaffirmed its 2025 distribution guidance of 40 cents per security, supported by strong free cash flow growth.

Adairs Limited reported a 6.5% increase in FY25 group sales to $618.1 million, driven by strong growth in Adairs and Mocka brands, while Focus on Furniture faced challenges. The company’s new CEO Elle Roseby has initiated a strategic reset and sustainability initiatives to position the group for long-term growth.

EVT Limited reported a solid financial year with normalised revenue rising 1.3% to A$1.237 billion and EBITDA up 6.3%, while net profit after tax surged 593%, driven by operational resilience and strategic growth initiatives including a major hotel management acquisition.

Spark New Zealand reported FY25 results within updated guidance, unveiling a strategic sale of a majority stake in its data centre business and a renewed five-year focus on core connectivity. The company’s transformation and capital management reset aim to stabilize performance and deliver sustainable shareholder returns.

Yancoal Australia Ltd reported a sharp 61% drop in net profit for the first half of 2025, hit by falling coal prices and supply chain disruptions despite a 15% rise in production. The company declared a fully franked interim dividend and is advancing key asset deals and growth projects.

Image Resources NL reports its Atlas mineral sands project has generated positive operating cash flow in its first quarter of operations, maintaining full-year guidance while advancing development studies for the Yandanooka project.

GrainCorp reported a solid FY24 with underlying EBITDA of $268 million and a net profit after tax of $77 million, underpinned by operational efficiency and strategic growth. The company announced a $50 million on-market share buy-back and reinforced its commitment to sustainability and shareholder returns.

IMDEX Limited reported resilient half-year results for FY2025, achieving half-on-half revenue growth and maintaining margins despite a challenging mining exploration environment. The company strengthened its balance sheet and declared an interim dividend, positioning itself for future growth.