Latest Profit Turnaround News

PPK Group has cleared all conditions for selling its 39.85% stake in Craig International Ballistics, setting the stage for completion before the financial year closes.

New Zealand King Salmon (NZK) reversed prior losses with a $13.8 million net profit in 1HY26, upgrading its full-year earnings outlook and advancing key growth infrastructure.

Novatti has successfully integrated Alipay into UNSW’s student payments portal, generating $33.6 million in transactions and $0.5 million in revenue by April 2026, positioning the company for broader expansion in the education sector.

IMEXHS Limited exceeded FY25 revenue and EBITDA guidance, driven by strategic contract wins and AI-powered workflow automation. The company projects stronger software growth and sustained profitability in FY26.

Alcidion Group has acquired Telstra Health's Kyra flow products for $3 million upfront, adding 33 long-term customers and boosting recurring revenue in key Australian states.

Hillgrove Resources reports underground drilling at Kavanagh surpassing 2025 resource grades, pushing mineralisation deeper and wider, while securing new tenements to boost regional copper exploration.

Paladin Energy Ltd (ASX:PDN) swung to a quarterly profit with US$8.4 million gross profit and bolstered its balance sheet through a A$400 million equity raise, positioning itself for expansion in uranium production and development.

Austral Resources has kicked off its 2026 drilling campaign with a standout 10m intercept grading 7.52% copper at the Snow Queen Prospect near its Rocklands facility, underpinning its strategy to build regional scale through satellite deposits.

Eden Innovations has unveiled EdenShield®, a new division focused on commercialising advanced carbon nanotube-enhanced materials and dual-fuel systems for defence and critical infrastructure, aiming to tap into a rapidly expanding global aerospace and defence market.

Freelancer Limited has delivered a landmark FY25 with record profitability, a major NASA contract win, and significant AI-driven growth across its marketplaces and payment services.

Group 6 Metals Limited has reported a striking turnaround with a $25.6 million revenue haul and a return to profit, driven by soaring tungsten prices and operational gains at its Dolphin Tungsten Project. The company is now gearing up for underground mining to sustain growth.

Austral Resources Australia Ltd has swung from a $22.6 million loss in 2024 to an $11.9 million profit in 2025, driven by strategic asset sales and acquisitions. The company is now poised to accelerate copper production with a major capital raise and new mining leases.