Latest Operational Turnaround News

Mayfield Childcare has launched a $3 million entitlement offer, fully covered by major shareholder pre-commitments and partial underwriting, to bolster working capital and support its operational turnaround amid ongoing sector challenges.

Xenitra Limited (ASX:XEN) has turned around its cash flow in Q4 FY26, reporting positive operating cash flow of A$0.8 million driven by a leaner cost base and a shift towards higher-margin OTC medicines and blockchain-enabled OPAL tokenised sales.

Peak Processing (ASX: PKP) has recorded its first positive Group EBITDA quarter, driven by record beverage production and a significant US manufacturing agreement, marking a pivotal turnaround in FY26.

Cobre Limited’s Sierra Atacama project delivers first consecutive positive operating cash flow months, while a major drilling program and $90 million capital raise set the stage for growth.

Coronado Global Resources surged back to profitability in Q2 2026, driven by a 39.3% jump in saleable production and a 27.7% fall in mining cash costs. Buchanan mine hit record half-year output, while Curragh staged a major operational turnaround.

Sheffield Resources reported a 20% rise in ore mined and an 11% increase in concentrate production at its Thunderbird Mine, alongside an 8% jump in zircon prices amid improving market conditions.

MOVE Logistics has returned to profitability in FY26, delivering positive normalised earnings before tax alongside revenue growth and reduced net debt, despite ongoing challenges in its warehousing division.

The Federal Court found Domino’s liable for misleading conduct over historical pay agreements, awarding underpayment to the lead plaintiff. Wider claims remain unresolved amid ongoing legal uncertainty.

IDT Australia boosts its FY26 revenue guidance to $16.8 million, anticipating a substantial narrowing of EBITDA losses to under $1 million, driven by strong demand and cost efficiencies.

Coventry Group’s Q4 FY26 results show a strong operational turnaround with sales up 11.7% quarter-on-quarter and EBITDA almost doubling to $4.1 million, backed by a $10 million cost reduction program and positive cash flow.

Aguia Resources has delivered a breakthrough month at its Santa Barbara Gold Project in Colombia, tripling gold production to 851.9 grams from 100 tonnes processed in June while cutting capital and operating costs dramatically.

Cobre Limited has secured A$90 million through a two-tranche placement to boost production and exploration at its Sierra Atacama copper mine while strengthening its balance sheet.