Latest Portfolio Simplification News

Suncorp expects FY27 gross written premium growth of around 3%, despite losing a $125 million commercial contract and facing a weaker New Zealand dollar. The insurer maintained its forecast for an underlying insurance trading result margin in the top half of its 10-12% target range and confirmed a $250 million buyback is underway.

Swoop ended Q1 FY27 with $5.9 million in cash after a $2.0 million operating outflow, but is progressing two conditional fibre asset sales worth about $15.5 million. The TPG mobile migration also produced less customer churn than expected, giving the challenger telco some operational momentum as it works to reduce debt.

Lightning Minerals has secured A$100,000 in non-dilutive cash and a funded 400-metre drilling commitment by granting Kincora Copper a nine-month option over six Lachlan Fold Belt licences. The deal could deliver another A$350,000, but only if Kincora exercises the option, approvals are obtained and a key tenement is renewed.

Swoop Holdings has agreed to sell its Sydney-based Fibre assets to Xenith for approximately $4.5 million, extending a portfolio simplification drive aimed at reducing debt. Completion remains subject to FIRB approval and other conditions, with settlement expected in Q3 FY27.

Nufarm is pairing a narrower crop-protection portfolio with heavier investment in seeds and tighter capital controls as it targets A$370 million to A$380 million in FY26 underlying EBITDA. The company has reaffirmed positive free cash flow, leverage of about 2.0 times and a A$50 million cost-saving program due to reach run-rate by the end of FY27.

Core Lithium has moved Finniss from care and maintenance back into active mining, with first spodumene concentrate produced after year end and a December-quarter shipment targeted. The restart leaves the company with A$181.8 million in cash, but also a substantial execution task ahead as Grants ramps up and BP33 is developed.

Abacus Group will sell its entire 19.60% interest in Storage King Group for $284.8 million, using the proceeds to repay debt and reduce gearing to about 30%. The transaction simplifies the group’s structure, but part of the sale still requires securityholder approval.

Australian Unity Limited (ASX:AYU) posted a statutory loss of $155.2 million for FY2026, reflecting regulatory headwinds, transformation costs, and sector disruptions, while advancing its climate risk management and strategic portfolio adjustments.

Thorney Technologies Ltd posted a $16.4 million net loss for FY2026, deepening from last year, as it continued to simplify its portfolio and execute a substantial share buyback program.

Westgold Resources delivered a landmark FY26 with record gold output, soaring profits, and a strong balance sheet underpinning a 10 cents per share fully franked dividend.

Experience Co posted a modest 2% revenue rise to $129.6 million in FY26, but underlying EBITDA slipped 8% due to weather disruptions, inflationary pressures, and industrial action. The company is advancing a $65 million deal to combine its Skydive business with Inflite Group.

ARN Media posted a $28.3 million net loss for the half-year to June 2026, hit by a $25 million impairment and legal settlements, while digital revenue grew and cost savings accelerated.