Latest Profitability News

Mighty Kingdom Limited reports a positive operating cash inflow and significant cost reductions in Q3 FY25, alongside leadership changes and a $3.35 million capital raise underway to fuel growth.

Oldfields Holdings Limited reports solid progress in Q3 FY2025, driven by strategic transformation, debt reduction, and a robust sales pipeline supporting a positive outlook for the second half of the year.

Nutritional Growth Solutions reported a 24.7% revenue decline in Q1 FY25 but bolstered its financial position with a $1 million AUD convertible note placement, while preparing for major retail launches at CVS and Walmart.

XPON Technologies reported a modest 1% quarter-on-quarter revenue increase to $2.09 million in Q3 FY25, driven by a strong 87% recurring revenue base and a 75% gross margin. The company extended its convertible note maturity and is focused on recalibrating sales and accelerating AI innovation.

Pro-Pac Packaging reported a $6.2 million revenue decline for the March 2025 quarter and extended a key $13 million short-term finance facility with Bennamon Pty Ltd to March 2026, while continuing a strategic review focused on profitability and funding.

Cardiex reports strong early sales momentum for its CONNEQT Pulse device with approximately 3,000 units sold or contracted since its mid-January launch, supported by innovative app features and operational efficiencies. Despite regulatory delays in the US pharma sector and tariff challenges, the company is positioned for scalable growth and category leadership in preventative cardiovascular care.

Harvest Technology Group reported a 19% improvement in normalized EBITDA for Q3 FY25 alongside a $1.6 million capital raise, reinforcing its strategic plan to achieve profitability by FY27.

TZ Limited reported a challenging Q3 FY2025 with a $1.03 million net cash outflow amid US tariff disruptions but strengthened its SaaS base through the Keyvision acquisition, positioning for a rebound and growth in FY2026.

Enlitic reported a 5.8% revenue increase in Q1 CY25, strengthened its collaboration with GE HealthCare, and accelerated integration of Laitek, positioning itself for operational cashflow break-even by the end of 2025.

Activeport Group Ltd reported a robust 49.3% increase in software revenue for Q3 2025, driven by strategic wins across Asia and Australia, even as SaaS revenue declined due to restructuring. The company’s new technology deployments and cost-cutting measures position it for growth in the coming quarters.

FBR Limited wraps up its US Demonstration Program, secures $6.3 million in capital, and appoints Mark Pivac as CEO amid a 70% cost reduction drive. Strategic collaborations with Samsung Heavy Industries and Liebherr signal broader automation ambitions.

SG Fleet Group Limited has officially been acquired by Westmann Bidco, with shareholders receiving $3.50 per share or Topco shares. The company will be delisted from the ASX starting May 1, marking a significant transition.