Latest Renewables News

Michael Hill International reported flat earnings in FY25 amid inflation and subdued demand, while new CEO Jonathan Waecker outlines a strategy focused on innovation, AI integration, and margin recovery heading into FY26.

MAAS Group Holdings reported a 6% rise in FY25 underlying EBITDA to $219.4 million, driven by strong construction materials growth and strategic acquisitions. The company projects FY26 EBITDA between $240 million and $270 million, underpinned by renewable energy projects and a robust capital recycling program.

Maas Group Holdings delivered a record $219.4 million Underlying EBITDA in FY25, driven by strategic acquisitions and disciplined capital recycling. The company projects further growth with FY26 EBITDA guidance between $240 million and $270 million amid stable market conditions and expanding renewable energy projects.

Arrow Minerals Limited has suspended all field activities in Guinea due to unresolved questions over exploration permit renewals, maintaining a cautious financial stance while awaiting government clarity.

Gorilla Gold Mines Ltd has raised A$31.7 million through a placement to accelerate exploration and resource growth at its key Western Australian gold projects. The capital injection strengthens the company’s cash position to about A$42 million, supporting ongoing and planned drilling campaigns.

Kincora Copper has been awarded a $143,483 drilling grant from the NSW Government to advance exploration at its promising Wongarbon porphyry project, marking a key step in unlocking one of Australia’s significant copper-gold prospects.

Codan Limited reported a strong FY25 with significant revenue and profit growth, bolstered by a key U.S. acquisition and a robust outlook for FY26 driven by defense spending and gold market strength.

Service Stream has delivered a robust FY25 performance with revenue growth, record profits, and a landmark $1.6 billion Defence contract, setting the stage for continued expansion.

PlaySide Studios reported a tough FY25 with a 25% revenue drop and a $7.4 million EBITDA loss, prompting a swift restructure. The company is optimistic about FY26, driven by strong original IP titles and expanding external projects.

Delta Lithium has transformed its portfolio by spinning out its Mt Ida gold assets into Ballard Mining, unlocking significant shareholder value and advancing lithium exploration with promising new discoveries.

Vulcan Energy has advanced its Phase One Lionheart Project with major German government grants, a strategic capital raise, and a significant lithium resource upgrade, positioning itself as a key player in Europe's EV battery supply chain.

Pinnacle Investment Management has secured a strategic foothold in Japan’s private markets by acquiring up to 13% of Advantage Partners, complementing its strong FY25 growth and global expansion ambitions.