Latest Profitability News

Desane Group Holdings has locked in a decade-long lease with a leading national retailer at 322 Norton Street, Leichhardt, underpinning steady rental income and portfolio strength.

MyEco Group has locked in $0.92 million through its Series 2 convertible note program, reinforcing its growth trajectory with funding earmarked for a new GRS-certified recycled bin liner range. The raise supplements a solid cash position while aiming to limit shareholder dilution amid challenging market conditions.

Regal Partners Limited’s funds under management fell 3% to $20.2 billion in the March quarter, pressured by investment losses amid geopolitical turmoil, even as net inflows remained positive for the tenth consecutive quarter.

Nex Metals Explorations is progressing metallurgical test work at its Kookynie Tailings Project, targeting a capital-light gold production pathway and completion of drilling by October 2026.

Neometals has secured A$7.9 million through a placement and launched a concurrent A$5.1 million entitlement offer to fund gold production at Barrambie and advance lithium exploration in Utah. The capital raise supports a near-term production joint venture and aggressive resource expansion.

Altitude Minerals has completed extensive gravity and passive seismic surveys over its Byrock Project in NSW, validating key copper-gold porphyry targets and setting the stage for follow-up RC drilling in 2026.

PPK Group has inked a conditional deal to sell its near 40% interest in Craig International Ballistics to German defence firm Mehler for a headline price of A$27.45 million plus a potential earn-out. Completion is targeted by June 30, 2026, subject to regulatory and contractual conditions.

29Metals Limited (ASX:29M) swung to a $24 million net profit in 2025, powered by steady copper output at Golden Grove despite seismic disruptions, cost efficiencies, and key progress on growth projects including Gossan Valley and Capricorn Copper restart.

Infinity Mining has broadened its alliance with Orivium Global to integrate e-Waste processing with ore recovery at its Cangai project, aiming for near-term revenue via a capital-light plant design.

Astral Resources has reported strong drilling results across its Western Australian gold projects, progressing the Mandilla Definitive Feasibility Study (DFS) and securing $1.76 million in a recent placement tranche. The company maintains a healthy cash position of $73 million as it targets first gold production in early 2028.

SSH Group Ltd reported a 44% reduction in hire purchase debt alongside $48.4 million in rolling 12-month cash receipts, while progressing high-grade drilling and mining operations at Wagtail and Gold Duke projects.

Australian Finance Group (ASX:AFG) reported a 22.7% lift in Q3 FY26 mortgage lodgements to $29.54 billion, marking its strongest March quarter despite rising interest rates and subdued refinancing activity.