Latest Profitability News

Meridian Energy's March 2026 report reveals robust retail sales growth and healthy hydro storage despite falling electricity futures prices, prompting a downward revision of FY26 capital expenditure guidance.

Aeris Resources aims to extend the life of its Tritton copper operations through the proposed acquisition of Peel Mining’s South Cobar assets, while reporting strong H1 FY26 financial performance and advancing multiple development projects.

Connexion Mobility reported a record $3 million quarterly revenue, boosted by exclusive software deployment for GM Canada’s Enhanced Exposure Program, while net profit before tax fell 31% due to higher expenses.

Livium has extended its recycling agreement with Sell & Parker by a year, secured an upfront deposit, and is ramping up processing volumes with a new dedicated plant at Campbellfield.

Western Mines Group has streamlined its exploration portfolio by divesting non-core tenements and acquiring two promising greenfield nickel-copper sulphide projects along the Yilgarn Craton margins, aligning with its magmatic sulphide expertise.

Botanix Pharmaceuticals has agreed to terms with Piramal to establish an alternate supplier for the active ingredient in Sofdra, aiming to reduce costs by up to 40% and strengthen its supply chain.

Catalyst Metals is nearing completion of open pit mining at Trident, paving the way for underground operations forecast to start in 2027. Grade control drilling confirms the deposit’s high-grade consistency, supporting plans to double gold production at the Plutonic Gold Belt.

Netwealth delivered a resilient March quarter with $4 billion in net inflows, pushing total funds under administration to $125.8 billion despite a 3.7% market dip. Growth in Managed Accounts and new intermediary relationships underpin ongoing momentum.

29Metals confirms additional groundworks at Xantho Extended will push back full mining resumption, leading to lowered zinc, gold, and silver production forecasts while maintaining copper output.

Australian Ethical’s funds under management slid 3.7% to $13.57 billion in Q3 2026 amid market volatility, but the firm bolstered growth with a new $125 million private markets fund backed by the Clean Energy Finance Corporation and solid middle market client wins.

DGL Group reported a 5.8% revenue decline to $225.2 million in H1 FY26, weighed down by audit qualifications, ERP rollout delays, and one-off impairments. Despite these headwinds, the company cut net debt by $16.4 million and advanced strategic site consolidations and new facility investments.

GoldArc Resources has locked in a binding agreement with Mineral Mining Services to fully fund the development of its Leonora South gold deposits, removing capital barriers and setting a clear path to production.