Latest Retirement News

Accordant Group lifted first-half revenue 8% to NZ$88.5 million and cut its net loss to NZ$234,000, while reducing net bank debt by NZ$7 million since March. The staffing group still has a long way to go before returning to profit or restoring dividends.

Kingfish delivered a 10.2% gross return in the six months to September, but its shares ended the quarter at a 15.5% discount to NAV. The investment company also added Skellerup to its portfolio as Delegat, Vista and Fisher & Paykel Healthcare led quarterly gains.

Universal Store has opened FY27 with 9.3% growth in direct-to-customer sales, led by a sharp lift from Perfect Stranger. The retailer is maintaining its plan for 16 to 20 new stores despite continued weakness in CTC’s wholesale channel.

IDP Education has reaffirmed FY27 Adjusted EBIT guidance of A$95 million to A$115 million after using cost control, stronger yields and cash generation to cushion another sharp fall in international student volumes. The AGM also disclosed that the board had rejected an unsolicited acquisition proposal and had completed about A$11 million of a planned A$50 million buyback.

International Equities Corporation lifted September-quarter revenue 46.8% to A$753,000, but remained loss-making as apartment disposals and new borrowings supported liquidity. The company ended the quarter with A$1.207 million in cash and reported 5.7 quarters of funding based on cash and unused facilities.

Kaiser Reef produced 6,263 ounces of gold in the September quarter while lifting cash and bullion to A$40 million and fully repaying its Auramet gold loan after quarter end. Henty replaced mined reserves, while Maldon’s exploration program moved underground despite a negative operating cash contribution.

Bubalus Resources will acquire the 494-square-kilometre Skyline copper-gold project in western Tasmania, close to the Mt Lyell mine, in a deal that could reshape its exploration portfolio. Completion depends on an approximately A$2.835 million capital raising, approvals and tenure conditions.

NEXTDC will search for a new chairman and independent director after acknowledging investor disappointment over the M3 Melbourne power delay and revised FY27 guidance. The company has also withdrawn proposed increases to director fees and the CEO’s FY27 incentive package.

AIC Mines delivered record FY26 revenue, profit and operating cash flow while advancing Jericho and the Eloise processing plant expansion. The growth plan is gaining operational momentum, but it is also increasing debt, execution demands and exposure to copper and diesel prices.

Monash IVF Group’s underlying NPAT fell 41% to A$16.1 million in FY26, missing its recently reduced guidance as softer Australian IVF activity outweighed international growth. A second-half market-share recovery, lower planned capital spending and a new productivity program now carry the FY27 investment case.

Strike Resources swung to an $8.58 million FY2026 profit, largely through its stake in LE Minerals rather than iron ore operations. The company is also relying on a conditional Apurimac sale for cash while withdrawing its previously reported mineral resource estimate.

Generation Development Group started FY27 with group funds under management up 29% to $48.1 billion, led by record quarterly inflows at Generation Life and resilient growth at Evidentia. The update also points to new commercial opportunities for Lonsec in investment governance, although it contains no earnings or cash flow figures.