Latest Profitability News

XRF Scientific is set to broaden its industrial reach by acquiring Bruker’s Combustion Gas Analysis business for USD 4 million, adding a profitable product line and new market sectors.

Pantoro Gold has struck a $20 million funding deal with Mega Resources to develop the high-grade Rama Open Pit in Western Australia, securing an exclusive option to extend mining underground through a profit-sharing agreement.

Macro Mining Services has partnered with Austral Pacific to tap into gold tailings and stockpiles at the Paris Gold Mine, aiming to turn historical waste into revenue through a 50:50 profit share after expense recovery.

Star Minerals has secured final approvals and commenced site mobilisation at its Tumblegum South Gold Project, bolstered by strong drilling results and a $2.75 million sale of non-core assets to Catalyst Metals.

Fenix Resources shipped 974,000 tonnes of iron ore in March quarter at a low A$70/wmt cash cost despite cyclone disruptions and diesel supply constraints, boosting cash to A$86.3 million and advancing key projects.

Metro Mining has secured shareholder approval for a 1-for-20 share consolidation, cutting its shares on issue from over 6.1 billion to roughly 307 million. The move aims to streamline the capital structure and attract broader investor interest.

RLF AgTech has reported a record $18 million revenue for the nine months to March 2026, achieving positive EBITDA in March as it sharpens operational focus and expands its Australian sales footprint amid global fertiliser disruptions.

Elevra Lithium delivered a strong March 2026 quarter with record revenues, operational improvements at North American Lithium, and progress on multiple growth fronts, supported by a robust cash position.

Heartland Group Holdings Limited maintains its FY2026 guidance, reporting expanded net interest margins and improved asset quality in 3Q2026, while navigating geopolitical uncertainties affecting New Zealand and Australian markets.

Locate Technologies (NZX: LOC) reported its first positive Group EBITDA quarter with NZ$167k profit, driven by a 42% revenue jump in its AI-powered Locate2u platform. The company also launched a NZ$500,000 on-market share buyback, signalling confidence in undervalued shares.

OM Holdings faced a challenging ferroalloy market in FY2025 but maintained production resilience, secured refinancing, and rationalised its portfolio through key asset sales, while advancing sustainability initiatives.

FirstWave Cloud Technology has landed a two-year, USD250,000 software subscription contract with Mexico’s state-owned development bank Banobras, marking its first major public sector win and debut via Grupo Salinas’ OmniPrinter channel.