Latest Profitability News

Verbrec Limited has promoted Mark Read from CEO to Managing Director, extending his notice period to ensure leadership continuity as the company builds on its recent turnaround.

Cann Group Limited has raised $750,000 through a convertible note agreement with Obsidian Global, aiming to strengthen its working capital and move towards EBITDA positivity.

Jupiter Mines has announced a modest interim dividend of 0.55 cents per share for H1 FY2026, reflecting ongoing shareholder returns despite a lower payout ratio compared to previous years.

Oneview Healthcare has successfully raised A$19 million through a two-tranche placement and launched a Security Purchase Plan to further strengthen its financial position and accelerate AI development.

Metro Performance Glass reports solid operational gains and a stronger balance sheet amid ongoing construction market challenges, though revenue falls short of earlier forecasts.

The Brazilian government has imposed a 12% tax on crude oil exports effective immediately, a move framed as windfall profit sharing amid high oil prices. Karoon Energy, with significant Brazilian operations, faces new cost pressures as the tax awaits potential ratification by Congress.

OzAurum Resources has kicked off an 18,000-metre drilling campaign at its Mulgabbie North Gold Project, aiming to confirm high-grade gold zones and accelerate its pathway to production.

Westgold Resources has completed the demerger of its non-core Reedy and Comet Projects to newly formed Valiant Gold, which has attracted $75 million in oversubscribed IPO applications ahead of its ASX debut.

Northern Star Resources has revised its FY26 production outlook downward amid operational hurdles at KCGM and Jundee, while its mill expansion project remains on track for early FY27 commissioning.

InteliCare has secured its largest contract yet, signing a five-year $8.8 million agreement with Victorian aged care provider mecwacare to deploy its AI-driven platform across 22 residential facilities.

Freehill Mining reports a temporary dip in aggregates sales amid plant refurbishment but anticipates a strong rebound with new equipment and ongoing copper-gold project development.

Qantas Airways has updated its interim dividend announcement, confirming a fully franked payment of AUD 0.198 per share for the half-year ending December 2025, with a clarified NZD equivalent amount.