Latest Profitability News

Pure Foods Tasmania has raised $100,000 through a share placement and appointed directors to new operational roles aimed at driving sales growth and improving cost efficiency.

Advance ZincTek Limited signals a strong financial turnaround for FY25, expecting a $1.75 million profit before tax driven by increased US sales and strategic operational shifts.

Metcash Limited is consolidating its Independent Hardware Group and Total Tools Holdings into a single entity to strengthen its hardware business, while FY25 earnings are poised to slightly exceed market expectations.

Lefroy Exploration has secured its inaugural toll milling agreement for the Lucky Strike Gold Project, marking a significant step towards production with a February 2026 milling slot at Greenfields Mill.

Platinum Investment Management reported significant net outflows of approximately $1.6 billion in May 2025, driving funds under management down to $8.34 billion from $9.65 billion the previous month.

DGL Group projects a challenging FY25 with profits down sharply despite steady revenue, as it undertakes major cost realignment and operational integration to set the stage for future growth.

Dubber Corporation has confirmed it will retain its key contract with Virgin Media O2, securing guaranteed revenues for FY26 while implementing significant cost reductions to return to cash flow positivity by year-end.

Maggie Beer Holdings has agreed to sell its subsidiary Paris Creek Farms for $500,000, aiming to sharpen focus on its core premium brands and achieve significant cashflow savings.

COSOL Limited anticipates solid revenue and earnings growth for FY25 despite some contract timing setbacks, with a promising outlook for FY26 driven by data analytics and managed services expansion.

Powerhouse Ventures Limited has issued its first-ever cash profit guidance for FY25, signalling a pivotal shift towards self-sustaining operations backed by strong corporate advisory and treasury performances.

QuickFee Limited has launched a A$1.5 million capital raising to fund expansion of its loan books in the US and Australia, following a quarter of record revenue and positive earnings before tax. The fintech also completed a major refinancing and revised its earnings guidance due to a credit impairment provision.

QuickFee Limited has completed a significant A$118 million debt refinancing and successfully raised A$1.25 million through a share placement, alongside announcing a new Share Purchase Plan to support its expansion in the US and Australian markets.