Latest Strategic Initiatives News

PolyNovo reported a 16.1% rise in FY26 revenue to AUD 150 million, driven by strong global sales and manufacturing expansion, yet net profit fell 44% due to a significant asset write-off from an R&D centre fire and lower tax benefits.

The Takeovers Panel has opted not to pursue proceedings over allegations of undisclosed share ownership and associations in GWR Group, referring unresolved concerns to ASIC for further scrutiny.

Viva Energy posted a robust half-year profit of $452 million, powered by soaring refining margins and resilient retail and industrial sales, while managing a significant fire at its Geelong Refinery.

MyState Limited posted a 58% rise in statutory net profit after tax to $56.2 million for FY26, boosted by integration progress and strong portfolio growth. The company declared a fully franked final dividend of 12.5 cents per share, marking a 3-cent increase for the year.

3P Learning reports a statutory net profit of $9.9 million and a 26% rise in underlying EBITDA to $19.5 million for FY26, declaring a 3.52 cent dividend after more than a decade.

Australian Ethical Investment Ltd posted record FY26 results with a 29% rise in net profit after tax and funds under management reaching $14.5 billion, driven by strong superannuation inflows and growth in private markets.

Tourism Holdings Limited (thl) posted a $39.9 million statutory net profit after tax for FY26, reversing a prior year loss, while navigating geopolitical headwinds and receiving competing takeover bids.

WT Financial Group (ASX: WTL) delivered its sixth consecutive year of growth in FY2026, with net profit before tax up 19% to $6.55 million and a fully franked final dividend declared at 0.75 cents per share. The company also completed a strategic disposal of its B2C subsidiaries, advancing its Hubco investment model.

EVT Limited posted strong FY26 growth across hotels and entertainment, unveiling a $800 million capital recycling program and a strategic group structure review to fuel future expansion.

Adore Beauty delivered record FY26 revenue of $207.3 million, driven by retail expansion and owned brands, while posting a statutory loss amid heavy investment. The Group targets 10%+ revenue growth and a sharp EBITDA increase in FY27 as its omni-channel strategy matures.

Mitchell Services (ASX:MSV) posted a strong FY26 with revenue up 5% to A$207.4 million and EBITDA surging 67% to A$42.8 million. The company returned to a net cash position of A$3.5 million and declared a fully franked 2 cent dividend, reflecting robust operational execution and a strategic pivot towards gold.

Beam Communications (ASX:BCC) swung from a $13.5 million loss in FY25 to a $14.3 million profit in FY26, driven by the divestment of Zoleo and a return to EBITDA profitability in its core operations. The company declared a one-off $1.2 million unfranked dividend and doubled its cash reserves to $3.7 million.