Latest Profitability News

Cash Converters International Limited reveals a strategic shift towards sustainable, lower-cost lending and expands its global footprint through targeted franchise acquisitions in Australia and the UK.

Abacus Storage King has turned down a $1.47 per security acquisition proposal from a consortium, arguing the offer undervalues the company and carries significant tax-related risks.

Wellnex Life Limited reports a robust 46% revenue increase and successful AIM listing, setting the stage for UK and European expansion.

Paladin Energy reports a 17% rise in quarterly uranium production and US$61 million in revenue, while recognizing a US$19.9 million inventory impairment. The company maintains strong liquidity and advances key projects in Namibia and Canada.

Ampol Limited is divesting its retail electricity businesses in New Zealand and Australia to sharpen its focus on electric vehicle charging and renewable fuels, aiming for a leaner, more profitable energy future.

Universal Biosensors reported a 6% increase in revenue for Q1 2025 but posted a net loss of A$3.84 million, with cash reserves sufficient only through Q3 2025, raising questions about its financial sustainability.

Vintage Energy has placed an additional 74 million shares under its Shortfall Offer, raising $1.52 million to fund a production uplift program targeting increased gas output from its Odin and Vali fields.

Ainsworth Game Technology forecasts a stable profit before tax of around $14 million for H1CY25, buoyed by Australian market gains and steady North American revenue despite challenges in Latam/Europe. The company also backs a major acquisition proposal by Novomatic AG.

Universal Biosensors reports a 6% sales increase in Q1 2025, driven by strong growth in wine and veterinary biosensors, while preparing to launch its innovative water testing product later this year.

Star Minerals has appointed ResourcesWA to manage the mine approval process for its Tumblegum South Gold Project, setting a clear path to commence mining by Q1 2026 amid strong gold prices.

TasFoods reported a $10.7 million net loss for FY2024, challenged by an oversupplied poultry market and a significant asset impairment. The company is pivoting towards growth in pet treats and dairy exports to stabilize its future.

Vitura Health reports sustained revenue and EBITDA growth in Q3 FY2025, driven by recent acquisitions and operational improvements, positioning the company well for FY2026.