Latest Operational Reset News

The Lottery Corporation reported a resilient FY26 performance despite a rare jackpot drought, extending its Victorian licence by 40 years and unveiling a fresh digital-focused strategy.

NextEd Group navigated a tough international education market in FY26, boosting underlying EBITDA by 7% to $15.3 million even as revenue fell 6.7%. A $13 million goodwill impairment weighed on net losses, but ongoing cost discipline and vocational course growth underpin a resilient platform.

WhiteHawk Limited has secured strong progress on its U.S. Federal cyber resilience contract, received most of the initial A$356,000 payment, and is negotiating a potential A$2.12 million annual subscription. The company is also implementing a significant operating reset to reduce costs by A$1.24 million annually while expanding U.S. public-sector procurement access.

RLF AgTech is set to raise $3.9 million through a share placement and convertible notes, aiming to capitalise on recent operational restructuring and accelerate commercial execution in FY27.

Bapcor has negotiated eased lender covenants for FY27, allowing higher leverage and lower fixed charge cover ratios to support its ongoing operational reset.

Kip McGrath Education Centres Limited reported steady FY26 results with $30.1 million revenue and a 25% EBITDA margin despite a slight revenue dip. The company is navigating network consolidation and operational resets while facing a $0.73 per share takeover offer from Crimson.

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.

Coronado Global Resources has promoted CFO Barrie van der Merwe to CEO, tasking him with steering the coal miner back to profitability and lowering its debt burden.

Wesfarmers outlines a bold growth and productivity agenda centred on AI integration, expanding retail footprints, and lithium project progress, underpinning strong shareholder returns and portfolio resilience.

Metro Performance Glass has significantly improved its financial footing in FY26, cutting net debt by more than half and boosting EBITDA before significant items to $18.2 million despite subdued markets in New Zealand and Australia.

Kogan.com Ltd reports robust sales and earnings growth for 10 months to April 2026, driven by Kogan.com’s expanding customer base and platform sales, while Mighty Ape shows marked margin improvement amid a strategic pivot.

Sheffield Resources is overhauling operations at its flagship Thunderbird Mineral Sands Mine, aiming to slash ore mining costs by at least $10 million annually and improve production reliability through equipment and contractor changes.