Latest Profitability News

Riversgold has locked in a full funding and operational deal with MEGA Resources for its Northern Zone Gold Project near Kalgoorlie, while also advancing exploration in Canada and raising $2 million to fuel growth.

MC Mining Limited reports strong progress on its Makhado steelmaking hard coking coal project with commissioning slated for March 2026, while Uitkomst Colliery struggles with declining production and rising costs.

JAYRIDE Group Limited advances its transformation into a scalable Mobility-as-a-Service platform with a new SaaS agreement in Thailand, strategic partnerships, and a successful capital raise. The company tightens its cost base while preparing for ASX reinstatement.

Hawsons Iron Limited has completed a pivotal Preliminary Feasibility Study and declared a massive 2.3 billion tonne Ore Reserve, setting the stage for a 26-year mine life producing premium magnetite concentrate.

Mayfield Childcare Limited reported stable revenue and improved profitability in Q4 FY25, outpacing peers in occupancy growth while rejecting a takeover offer from Embark Early Education.

Pure Foods Tasmania has reported a profitable quarter with improved margins and strategic growth moves, including a new contract packing deal and the acquisition of premium ice cream brand Elato.

AVADA Group Limited reported a robust 24% increase in cash receipts for Q2 FY26, driven by strong sales and strategic leadership changes, while expanding its trade finance facility to support ongoing growth.

Oldfields Holdings reports steady progress in its turnaround strategy, cutting costs and reallocating assets to stronger regions while preparing for a capital raise and potential acquisitions.

Wide Open Agriculture has made significant strides in expanding its intellectual property and commercial footprint, including a new patent for lupin protein milk and first sales of lupin oil, while progressing plans for a large-scale manufacturing facility in Western Australia.

AuMake Limited reports positive operating cashflow and a strategic pivot into China’s high-growth OTC medicine market, supported by a $1.5 million capital raise and significant governance reforms.

Nex Metals Explorations advances its Kookynie Gold Tailings project while negotiating a potential divestment of its Arika Joint Venture stake and exploring strategic gold opportunities in Egypt's Eastern Desert.

Carbonxt Group Limited reported a strong 72% revenue increase to $3.8 million in Q2 FY26, driven by robust demand and strategic progress at its Kentucky facility, which is poised to triple group sales. The company also increased its stake in New Carbon Processing, advancing its North American growth ambitions.