Latest Turnaround News

WasteCo Group has initiated a $2 million share placement at $0.007 per share to fund its ambitious turnaround and growth strategy amid a FY 2026 loss. A Share Purchase Plan will follow, offering existing investors a chance to participate on the same terms.

Synertec Corporation has reported its first positive net operating cash flow since FY19, underpinned by strong growth in recurring revenues and a landmark contract with Santos for its Powerhouse energy storage system.

Corporate Travel Management (ASX:CTD) posted a $17.7 million profit for FY26, reversing a $348.5 million loss the previous year, driven by stronger earnings in ANZ and Europe and progress on UK customer settlements.

Alliance Aviation Services has launched the retail tranche of its fully underwritten $40 million equity raising, offering shareholders new shares at $0.70 each to reinforce its balance sheet and support ongoing turnaround efforts.

Pure Foods Tasmania reported a $8.78 million loss for FY26, largely driven by significant non-cash write-offs, while operational changes and acquisitions aim to stabilise growth.

Yowie Group Limited cut its net loss to US$0.20 million in FY26 despite a 27.1% drop in revenue, driven by cost cuts, loan impairment reversals, and new product launches including the Yowie x NBA series.

WT Financial Group (ASX: WTL) has agreed to acquire a 70% stake in TNT Advisor Solutions, a premium Australian paraplanning provider, marking a strategic expansion of its adviser ecosystem. The $2.43 million deal aims to boost TNT's growth while preserving its leadership and service quality.

Artrya has launched its AI-powered Salix® platform commercially in the US, securing three foundation health systems and raising $80 million to fuel growth. With FDA clearance for its Coronary Plaque module and a pivotal clinical study underway, the company is poised for scaling revenues amid a strong balance sheet.

FOS Capital has kicked off orders under the Queensland Schools Lighting Upgrade Program, aiming to generate $2.5 million in sales over the next 6-9 months and boosting its secured order book to about $10 million.

Babylon Pump & Power reported a $5.2 million EBITDA loss in FY26 amid legacy maintenance struggles but saw its rental segment revenue surge 160%. The company exited maintenance post-year end and raised $7.27 million to strengthen its balance sheet and fund rental growth.

Mayfield Childcare’s HY26 results reveal a 6% revenue decline and deepening statutory loss, offset by operational improvements and strategic restructuring.

Oliver's Real Food swung to a statutory profit of $598k in FY2026, reversing a $2.91 million loss a year earlier, driven by store closures and cost discipline. Despite an 8% revenue drop, EBITDAI surged 36.8%, and the company kicked off FY27 with encouraging sales and earnings growth.