Latest Restructuring News

Orica Limited reported a 7.7% increase in revenue to $3.94 billion for the half year ended March 2025, but posted a net loss of $89 million due to significant impairment and restructuring charges. Excluding these items, net profit rose 40% to $250.8 million, with the board declaring a higher interim dividend.

ANZ Group Holdings Limited posted a 7% increase in statutory profit to AUD 3.642 billion for the half year ended 31 March 2025, with stable cash profit and an 83 cent interim dividend. The full integration of Suncorp Bank underpinned lending and deposit growth, while credit impairments eased.

Spectur Limited appoints Anthony Schmidt as CEO, accelerating its transition to a scalable SaaS model and targeting operational cashflow neutrality by mid-2025 amid a $3 billion addressable market.

LCL Resources has renegotiated its sale option agreement with Tiger Gold Corp, increasing the total consideration to $14 million and removing the 'Stay Private' clause. The revised terms will be presented for shareholder approval at the upcoming AGM.

Lake Resources has initiated a Special Committee to explore strategic options for its flagship Kachi Lithium Brine Project, aiming to bridge the gap between market valuation and intrinsic asset value.

Pier 12 Capital Limited has requested suspension of its securities from the ASX, signaling an imminent delisting from the exchange. This move marks a significant shift for investors and the company’s future trading status.

MyEco Group has secured $1.6 million through unsecured convertible notes to support a strategic operational restructure aimed at reducing costs and scaling production. This capital raise complements existing cash reserves and aims to improve margins while minimising shareholder dilution.

SPC Global Holdings confirms FY2025 pro forma EBITDA guidance of A$29 million, driven by strong early post-merger performance and strategic initiatives including site consolidation and leadership renewal.

Western Yilgarn Limited has secured a significant new gold exploration area near the Glenburgh Gold Project in Western Australia, positioning itself alongside established players like Benz Mining Corp. The company is set to begin detailed geological and geophysical assessments to unlock the region’s potential.

Kip McGrath Education Centres announces the departure of long-serving CEO Storm McGrath, with Chair Damian Banks stepping in as Executive Chair during the leadership transition.

Propell Holdings Limited has requested an immediate suspension of its securities from ASX trading as it prepares for removal from the official list. This move marks a significant shift for the company and its shareholders.

Epsilon Healthcare reports ongoing operational challenges post-voluntary administration while unveiling a new pharmacy subsidiary aimed at diversifying revenue streams and rebuilding market confidence.