Latest Strategic Asset Sales News

Kalina Power Limited reported a net loss of AUD 4.67 million for FY25 with no revenue generated, while pursuing strategic asset sales and capital raising amid going concern uncertainties.

TPG Telecom reported a 2% revenue increase and a significant profit rise in H1 2025, completing the sale of its fibre assets and declaring a 9-cent interim dividend.

Sports Entertainment Group Limited reported a 2.2% revenue rise to $110.24 million for FY25, with underlying EBITDA surging 61.3% pre-AASB 16. Net profit more than doubled to $22.94 million, driven by margin gains and cost efficiencies. The staged sale of Perth Wildcats progresses, and a final dividend was declared.

Wesfarmers has announced a $1.50 per share capital management initiative, combining a $1.10 return of capital with a $0.40 fully-franked special dividend, pending shareholder approval at the upcoming AGM.

Pacific Current Group reports a 47% drop in statutory profit amid major asset sales but boosts dividends and completes a $265 million share buy-back, positioning for growth in FY26.

GDI Property Group reports robust leasing activity with over 32,000sqm leased in FY25, fueling a 20% increase in Funds From Operations. Strategic asset sales and refinancing position the company well for continued growth in a tightening Perth office market.

GDI has reported a strong FY25 with a 22% increase in Property Funds From Operations, robust leasing activity, and significant asset sales, while maintaining its distribution guidance for FY26.

GDI Property Group has reported a strong turnaround in FY25, posting a $35.6 million net profit and a 20% increase in Funds From Operations, while maintaining its distribution at 5 cents per security.

GDI has exchanged contracts to sell six assets from its Autoleague Portfolio for $74 million, marking a significant gain over original costs and setting the stage for substantial unitholder distributions.

Whitehaven Coal reported a 53% revenue increase to $5.83 billion in FY25, driven by full-year contributions from its Queensland acquisitions. Despite a cyclical price downturn, the company strengthened its balance sheet and declared a fully franked final dividend of 6 cents per share.

Genetic Technologies Limited has emerged from voluntary administration following a strategic asset sale and is now pursuing recapitalisation and acquisitions to restore its market position.

Suncorp Group Limited reported a strong FY25 with record profits, driven by favourable natural hazard experience and strategic asset sales, while announcing a $400 million share buy-back and an optimistic outlook for FY26.