Latest Profitability News

PlaySide Studios has extended its development contract with Meta Platforms for Horizon Worlds by 12 months, reinforcing its revenue outlook through 2026.

Netwealth Group Limited has reported a landmark quarter with total Funds Under Administration soaring to $120.8 billion, driven by record first-quarter net flows of $4.1 billion and strategic service expansions.

AdNeo Limited has outpaced its cost synergy targets from the Learnt acquisition, delivering $2.5 million in savings ahead of schedule and setting the stage for stronger profitability and growth.

Adelong Gold has initiated a diamond drilling program at its Lauriston Gold-Antimony project in Victoria, targeting historic high-grade gold and antimony mineralisation. The initial 3,000m campaign aims to test structural analogies to major Victorian gold systems with assay results expected by year-end.

Vinyl Group’s subsidiary Funkified Entertainment is on track to meet its 2025 earn-out target, driven by major new contracts that reinforce the company’s vertical acquisition approach.

Redox Limited reported a 9.4% increase in sales revenue for FY25 despite challenging global conditions, while declaring a robust dividend payout that exceeds its policy. The company’s strategic focus on specialty chemicals, operational expansion, and ESG commitments positions it well for continued growth.

Airtasker has landed a £2.5 million media investment from Channel 4’s venture arm to accelerate growth in the UK, building on a strong marketplace performance and deepening a strategic media partnership.

Ariana Resources has commenced heap-leach operations at its Tavşan Mine in Türkiye, marking a significant step toward sustained gold production and enhanced revenue streams.

Dundas Minerals appoints industry veteran Jonathan Downes as Managing Director, marking a strategic leadership transition following founder Shane Volk's retirement.

Kaiser Reef announces a leadership transition as founder Jonathan Downes steps down, handing the reins to mining veteran Brad Valiukas. The move signals a new chapter for the profitable gold producer with strong assets in Victoria and Tasmania.

WAM Income Maximiser Limited has declared a fully franked dividend for October 2025, reflecting robust portfolio gains since its April launch and providing dividend guidance through year-end.

Freehill Mining has secured $300,000 through a non-brokered placement to fund capital upgrades in its Chilean aggregates business and explore higher-value commodity opportunities.