Latest Operational Recovery News

SOCO Corporation Ltd (ASX:SOC) reported a $6.35 million FY26 statutory loss after writing down its Axsym business, even as second-half revenue, margins and cash flow improved. The company enters FY27 with $9.5 million of contracted project value carried forward and a further $4 million secured since year-end.

Ridley Corporation’s first full reporting year with the Incitec Pivot Fertilisers distribution business produced a sharp lift in underlying earnings and cash flow, despite a steep fall in statutory profit after a $31.8 million NovaqPro impairment. Management expects earnings growth across all three segments in FY27, but the enlarged group now carries significantly more debt and integration work.

EQ Resources has completed a sharp financial turnaround, moving from solvency concerns to a A$7.1 million FY2026 profit and A$28.2 million of cash. The recovery comes with lower annual production, serious safety shortcomings and substantial dilution, leaving execution as the test for its A$39 million Mt Carbine expansion.

Nex Metals returned to profit in FY2026 after selling its remaining Arika joint venture interest, but the gain did not resolve its underlying funding pressure. The company ended the year with $422,452 in cash, net liabilities of $471,232 and a material uncertainty over its ability to continue as a going concern.

Synlait’s operational recovery gathered pace in the second half, but the NZX-listed dairy processor still reported a NZ$75.4 million FY26 loss and negative operating cash flow. KPMG flagged a material uncertainty over going concern as the company prepares to refinance facilities due in 2027.

Ramsay Health Care delivered stronger FY26 earnings, a higher fully franked dividend and improved Funding Group leverage as it prepares to separate Ramsay Santé. The proposed demerger remains conditional, but the company has set a clear timetable for the next phase of its portfolio reshaping.

Frontier Digital Ventures has shrunk its top line by 27% as it exits low-margin businesses, but the reset delivered higher EBITDA, a 17% margin and near-total free cash flow conversion in the first half of FY2026. The next test is whether pricing and cost discipline can lift earnings without further customer erosion.

Synlait Milk anticipates a modest improvement in underlying EBITDA for FY26 but expects a substantial net loss after tax, reflecting ongoing operational challenges and a tough first half.

Close the Loop Limited posted a 6% revenue increase to $125.6 million for FY26 but recorded a hefty $105.3 million net loss primarily driven by disposals and one-off restructuring costs. The company has refocused on core packaging and resource recovery businesses while slashing debt and setting a $14-16 million EBITDA target for FY27.

Coronado Global Resources posted a strong operational rebound in Q2 2026, returning to positive EBITDA and advancing a strategic reset at its Curragh mine while completing Buchanan expansion.

Viridis Mining's Demonstration Plant for Mixed Rare Earth Carbonate production has outperformed Pre-Feasibility Study assumptions, achieving average magnetic rare earth oxide recoveries near 79% during steady operation in July 2026.

Stanmore Resources bounced back from early-year weather disruptions with a 27% jump in ROM coal production in Q2 2026 and secured a refinancing deal that lowers debt costs and extends maturities, positioning the company for a robust second half.