Latest Strategic Reset News

Babylon Pump & Power has secured $0.4 million in convertible loans from key shareholders and plans a $12.7 million rights issue at a 35% discount to address working capital shortfalls and reduce debt.

Prophecy International has launched a sweeping global organisational restructure that will slash its workforce by approximately 48%, aiming to realign operations and reduce costs ahead of its FY26 results.

Spenda Limited's SPXOB securities have been suspended from trading by the ASX due to non-compliance with listing requirements. The suspension affects only this security class, leaving other Spenda securities unaffected.

Multistack International has finalised the sale of nearly all its assets and shares in its Australian subsidiary to Willing Y Limited, marking a pivotal step in its strategic overhaul.

BOA Resources has appointed geologist Graeme Purcell as Managing Director following its acquisition of the Thaduna and Green Dragon copper deposits, setting the stage for a drilling campaign at Neds Creek.

New Talisman Gold Mines commissioned its processing plant and secured commercial offtakes while reporting a $2.26 million net loss in FY26. The company is refocusing on geological modelling and targeted drilling to boost resource confidence and production.

Lendlease is selling its 25.1% stake in the Keyton Retirement Living Trust to Aware Super for $525 million, part of a broader $3.4 billion capital recycling push aimed at debt reduction.

Babylon Pump & Power is steering through a strategic reset with its rental business booming and new funding arrangements in place, aiming to resume trading by August 2026.

EROAD Limited reported stable FY26 revenue of NZD 195 million amid a $134.7 million North American impairment, unveiling a strategic reset centred on ANZ growth and its expanding electronic Road User Charges platform.

Spenda Limited has accelerated its strategic turnaround by slashing operating costs by about $400,000 per month and locking in new retail contracts, while eyeing divestments and emerging tech opportunities.

PointsBet’s FY26 nine-month report reflects a transitional period marked by MIXI’s 66.4% takeover, a slight revenue dip to AUD 186.6 million, and a near breakeven normalised EBITDA. Australian revenue softened by 4%, while Canada grew 13% driven by iGaming momentum.

Kip McGrath Education Centres has revised down its FY26 guidance following weaker-than-expected second-half revenue and earnings, driven by falling lesson numbers and a strong Australian dollar.