Latest Seeds News

Nufarm is pairing a narrower crop-protection portfolio with heavier investment in seeds and tighter capital controls as it targets A$370 million to A$380 million in FY26 underlying EBITDA. The company has reaffirmed positive free cash flow, leverage of about 2.0 times and a A$50 million cost-saving program due to reach run-rate by the end of FY27.

Financial Income Fund delivered a 6.78% net return in the year to 30 June 2026, beating its hybrid securities benchmark by 0.92 percentage points. The audited report also records the launch of an ETF class, higher distributions and a shift away from convertible notes.

Globe Metals & Mining has completed compensation payments to all 203 households affected by Phase 1 of its Kanyika niobium project in Malawi, clearing a major land-access milestone. The company now targets initial pit opening, mining and stockpiling in the coming weeks, while relocation and cultural heritage work remain unfinished.

Nufarm expects FY26 underlying EBITDA to rise about 25% at the midpoint of its $370 million to $380 million range, while leverage falls from 2.7 times to approximately 2.0 times. The improvement comes alongside a sweeping cost-reduction program, but restructuring charges of up to $110 million post tax remain in the numbers.

Booster Innovation Fund has invested $200,000 in TheiaNova, a University of Auckland spinout developing a self-administered eye drop for keratoconus. The seed-stage bet accounts for 0.76% of BIF’s portfolio, keeping the exposure modest while adding an early biotechnology asset.

Iron Road’s largest shareholder has distributed its remaining 59.72% stake just as the company prepares to restart delayed nickel-copper-gold drilling at Irria. The transition also includes the November retirement of long-serving chief executive Larry Ingle, with no successor named.

MA Financial has agreed to buy a 50% interest in Melbourne’s The Glen Shopping Centre for $327.5 million while launching a fund targeting more than $500 million of large format retail assets. The transactions lift its retail property activity in the second half of 2026 to $500 million.

Scalare Partners has swung to positive EBITDA as acquisitions of Tank Stream Labs and Planet Startup lifted FY26 total income 411% to $17.9 million. The startup investor remains loss-making after sharply higher depreciation, amortisation and financing costs, while its portfolio reached $12.5 million across 25 companies.

JPMorgan Equity Premium Income ETF reported a sharp fall in operating profit as fair-value losses overwhelmed higher distribution income. The fund will also switch its underlying ETF from NYSE Arca to a London-listed vehicle, while keeping its stated investment objective and total management fees and costs unchanged.

PGG Wrightson delivered a sharp improvement in FY26 earnings, with Operating EBITDA up 15% to NZ$64.3 million and net profit rising 46% to NZ$15.6 million. The result supports a fully imputed 5.5 cents per share final dividend, although debt and GO-STOCK receivables have also expanded.

JPMorgan US 100Q Equity Premium Income ETF lifted operating profit to A$15.678 million as net assets grew to A$106.991 million. The fund is now preparing to move its underlying investment from a Nasdaq-listed ETF to a London-listed UCITS vehicle, with total management fees and costs unchanged at 0.40% a year.

JPMorgan Equity Premium Income ETF grew net assets to $167.99 million while operating profit plunged to $740,000 as fair-value losses widened. The fund is also preparing to switch its underlying ETF from NYSE Arca to the London Stock Exchange without changing its investment objective or stated total fees and costs.