Latest Profitability News

Fenix Resources has partnered with Mira Bulk to reduce iron ore shipping costs and secured US$44 million in long-term funding, underpinning its production ramp-up to 6 million tonnes by FY28.

Aspermont Limited now expects sustainable operating cashflow positivity in the second half of FY27, delayed from Q3 FY26 due to extended sales cycles on key enterprise contracts.

Fleetwood is divesting its RV arm Camec and shutting its Smithfield manufacturing site to sharpen focus on modular building. The moves will cost up to $24 million in FY26 restructuring charges and halt the final dividend.

Lindian Resources has terminated its monazite concentrate sales agreement with Gerald Metals, issuing 20 million shares as part of the deal and reclaiming full control over its Kangankunde Rare Earths Project sales strategy.

CONNEQT Health has raised A$5.5 million through a two-tranche placement at a 15.4% discount, backed by key shareholders, to accelerate its commercial expansion and product development.

Reef Casino Trust projects a 6.83 cents per unit distribution for the first half of 2026, reflecting steady profitability amid ongoing takeover bid conditions.

Acrow Limited has secured $70 million through a fully underwritten two-tranche placement to acquire Ausgroup Industrial Services and Preston SuperDeck, boosting its FY27 revenue and EBITDA guidance significantly.

Pengana Private Equity Trust (ASX:PE1) estimates its net asset value could jump by about AU$79 million after SpaceX's Nasdaq debut, lifting NAV per unit by roughly AU$0.29 based on mid-June pricing.

Aspen Group lifts FY26 total distributions by 10% to 11 cents per security, marking the first time part of its payout is a fully franked dividend following a tax-paying status.

Australian Agricultural Company (ASX:AAC) defied North Queensland floods to deliver a 23% jump in operating profit, driven by strong beef pricing and herd valuation gains.

RLF AgTech has revamped its executive remuneration to tie CEO incentives directly to share price hurdles, revenue growth, and operating cash flow, reinforcing its focus on sustainable profitability.

WT Financial Group (ASX: WTL) reports robust half-year growth and unveils a $3 billion equity partnership strategy to scale Australia’s largest financial adviser network.