Latest Perpetual News

Perpetual says its A$500 million sale of Wealth Management to Bain Capital remains on track for completion by year-end, positioning the group to move into net cash. The AGM also highlighted stronger FY26 earnings and cost savings, but persistent Asset Management outflows remain the central test.

Perpetual Resources has expanded its Nevada Scheelite tungsten project more than 15-fold and reported selective underground samples grading up to 12.03% WO₃. The exploration momentum comes with a sharper funding question, with A$1.639 million in cash and an estimated 2.37 quarters of funding at 30 September.

Perpetual Resources has returned selective underground tungsten assays of up to 12.03% WO₃ at its Nevada Scheelite project, with eight of nine underground samples above 1%. The results are encouraging but do not yet establish grade continuity, mineralised widths or a resource.

Argent BioPharma ended the September quarter with just A$11,000 in cash after A$734,000 of operating outflows, despite retaining A$7.4 million of unused convertible financing capacity. The company is simultaneously expanding its commercial portfolio through NLC antiviral rights and a CannEpil veterinary programme.

Perpetual's Corporate Trust division reached a record A$1.4 trillion in funds under administration, but that progress was outweighed by A$9.6 billion in first-quarter Asset Management outflows. Wealth Management remained stable as the proposed Bain Capital sale moved towards a targeted late-2026 completion.

Spheria Emerging Companies reported a sharp fall in FY2026 profit after tax after its portfolio returned just 0.3%, well behind the 8.1% benchmark. Monthly fully franked dividends continue and the listed investment company avoided a conversion vote after trading at a premium to NTA.

Perpetual Resources and adviser GreenMet are assessing several US Government funding and financing pathways for the Nevada Scheelite tungsten project, as Washington prepares tighter defence sourcing rules. The interest is strategic, but no funding has been secured and the project remains without a Mineral Resource or Ore Reserve.

FirstWave Cloud Technology has secured an approximately A$1.06 million placement to fund sales conversion and the launch of Open-AudIT 7 and an AI fault-diagnosis product. The raise follows a sharp reduction in losses, positive operating cash flow and a lower cost base, but adds about 151.3 million shares to the register.

FirstWave Cloud Technology has sharply reduced its FY26 loss and generated positive operating cash flow as network monitoring and Latin American revenue accelerated. But a $5.35 million net current asset deficiency, covenant breach and planned capital raise leave the turnaround dependent on continued execution.

Revolver Resources has taken its Dianne Copper Mine Project from study towards construction readiness, with a larger resource, secured approvals and a forecast $125.7 million pre-tax cash flow. But the restart still depends on project-level funding before a Final Investment Decision can be made.

Perpetual Resources has warned of material uncertainty over its ability to continue as a going concern after its FY2026 loss more than tripled. The ASX-listed explorer finished the year with A$2.34 million in cash, but remains dependent on further capital raisings to fund Nevada Scheelite and Brazilian exploration.

Perpetual returned to statutory profitability in FY26 and lifted underlying profit and dividends, helped by Corporate Trust and cost savings. But the annual report also exposes the pressure points behind the recovery: $25.1 billion in Asset Management outflows, a $63.5 million TSW impairment and an uncertain Wealth Management sale.