Latest Queensland News

Babylon Pump & Power has successfully raised $7.27 million through an entitlement offer combining cash and debt conversion, strengthening its focus on water management rentals. Blue Hire founder Byron Ynema joins the board as the largest shareholder.

Kyron Capital Group (ASX: KYN) reported a $51.9 million net loss for FY26, completing a $125 million recapitalisation to stabilise its balance sheet and reduce gearing. The Group's assets under management shrank to $1.8 billion following strategic divestments and mandate exits.

Critical Minerals Group names COO Pat Kelly as interim CEO following Scott Winter's resignation to lead BTP. The company confirms its strategy and Lindfield Vanadium Project plans remain steady during the transition.

Eastern Gas’s Venus-2H horizontal well in Queensland’s Surat Basin reached total depth, intersecting Venus-1 and revealing extensive Macalister Lower coal with peak gas readings of 42.3%. The integrated well system now advances to dewatering and flow testing to gauge production potential.

Ashley Services Group delivered a standout FY26 with revenue up 16.7% to $602.2 million and net profit after tax surging 189.5% to $6.29 million, supported by margin gains across key sectors and a strategic acquisition.

Evolution Mining has taken a significant step toward its full acquisition of Carnaby Resources by acquiring a 13.7% stake from the QIC Queensland Critical Minerals Fund through a share issue, reinforcing its position as Carnaby’s largest shareholder.

Talius Group’s HY2026 results reveal a strategic pivot towards higher-margin software subscriptions, with gross margin surging to 51% despite a 19% revenue dip due to hardware deployment timing. Active subscriptions topped 53,200, underpinning a $3.26 million ARR, while cash burn shrank dramatically.

Green & Gold Minerals posted a $886,828 loss for FY2026 amid a transformative year marked by its ASX listing and expansion into base metals exploration with the Herberton acquisition.

Alfabs Australia delivered an 11% revenue increase and improved free cash flow in FY26, progressing its debt restructuring and setting the stage for dividend reinstatement.

Jumbo Interactive has delivered a record FY26 underlying EBITDA of $85.2 million, driven by strong Australian lottery retailing and international B2C growth. The company maintains a robust balance sheet and outlines ambitious FY27 targets amid ongoing integration of UK and US acquisitions.

Mayfield Childcare has completed a fully subscribed entitlement offer, raising approximately $3 million to support its ongoing operational turnaround.

X2M Connect has landed its first binding contract to deliver a GPU-accelerated AI data centre in Australia, marking a major step into a booming $190 billion market with a project valued at over $250 million.