Latest Strategic Turnaround News

Kogan.com Ltd delivered strong FY25 results with significant customer growth and improved cash flow, while Mighty Ape embarks on a strategic recovery aiming for profitability in FY26.

Ashley Services reported a challenging FY25 with a 7.3% revenue decline but kicked off FY26 with record quarterly revenues and improved profitability, signaling a strategic turnaround.

Nuix announces the departure of CEO Jonathan Rubinsztein after four years of transformative leadership, with an interim CEO to be appointed amid a global search for his successor.

thl reported a tough FY25 with a 45% drop in underlying profit and a statutory loss, but is charting a strategic turnaround while rejecting a $2.30 per share acquisition offer.

Atomos Limited has expanded its secured debt facility by $2 million, increasing its total borrowing capacity to $15.7 million, signaling confidence in its strategic turnaround and upcoming product launches.

Structural Monitoring Systems plc has reported its first profit after tax, driven by strong avionics sales and a successful $8.7 million capital raise. The company’s strategic shift towards proprietary products and key certifications underpin a positive outlook.

BetMakers Technology Group reported a 10.6% revenue decline to $85.1 million for FY25 but achieved positive adjusted EBITDA and operating cash flow for the first time, signaling a strategic turnaround.

BNK Banking Corporation Limited reported a robust FY25 turnaround, driven by strategic portfolio reshaping and strong capital management, delivering a 50% increase in net income and a 5.6% rise in capital adequacy ratio.

Fluence Corporation has announced Ben Fash as its new CEO and Managing Director, succeeding Tom Pokorsky who will retire after a distinguished career. The transition marks a strategic leadership shift aimed at driving future growth.

Tourism Holdings Limited reported a statutory net loss in FY25 amid challenging market conditions but remains confident in a strategic turnaround targeting over $100 million in annualised NPAT within four years.

Superloop Limited has reported a landmark FY25, posting its first positive net profit after tax since its turnaround began, alongside robust revenue growth and a significant expansion in its customer base.

Metro Performance Glass is set to strengthen its balance sheet and support its turnaround strategy through a $15 million to $24 million equity raise, with Amari Metals Australia poised to become the majority shareholder. This recapitalisation aims to reduce debt and improve operational focus amid challenging market conditions.