Latest Turnaround News

Orora’s FY26 results reveal a $616.6 million statutory loss driven by a $742.8 million Glass impairment, offset by robust growth in its Cans business and disciplined capital management.

Amcor’s FY 2026 results highlight a dramatic boost from the Berry acquisition, with net sales soaring 57% to $23.5 billion and adjusted EBITDA up 68%. The company also raised its quarterly dividend and outlined a transition to a December year-end.

Almonty Industries posted a striking turnaround in Q2 2026, driven by soaring tungsten prices, ramping Sangdong Mine operations, and a major $800 million convertible notes raise.

Noodlecake Studios, under Streamplay Studio Limited, has secured a publishing agreement with Brazilian developer Mango Salad Games for the PC game Harpooner, marking its entry into Latin America and adding a shorter-cycle title to its portfolio.

Bapcor has negotiated eased lender covenants for FY27, allowing higher leverage and lower fixed charge cover ratios to support its ongoing operational reset.

AGL Energy reported a 575% surge in statutory profit to $756 million for FY26, driven by strategic divestments and improved asset flexibility, while declaring a fully franked 50 cents dividend and progressing its energy transition with 12 GW of renewable capacity targeted by 2035.

Iltani Resources has reported robust assay results from 13 new drill holes at its flagship Orient Silver-Indium Project, confirming extensive high-grade silver, indium, lead, and zinc mineralisation that strengthens the case for a viable open-pit operation with potential underground mining.

Coronado Global Resources posted a strong operational rebound in Q2 2026, returning to positive EBITDA and advancing a strategic reset at its Curragh mine while completing Buchanan expansion.

Amotiv Limited (ASX: AOV) delivered a solid FY26 with a $75.1 million net profit, reversing last year’s loss, underpinned by 2.7% revenue growth and strong cash conversion. The company declared a fully franked 23 cent final dividend and advanced its Amotiv Unified transformation and climate initiatives.

Kip McGrath Education Centres narrowed its revenue by 4.3% to $30.1 million in FY26 while lifting profit after tax by 2.1%, driven by strategic franchise consolidation and operational efficiencies. The company also faced an unsolicited takeover bid post-reporting period.

De.mem Limited is poised for a record 2026, driven by 29 consecutive quarters of cash receipts growth, positive operating cashflow, and strategic expansion into the gold mining sector through Core Chemicals.

Nick Scali Limited posted a 31% jump in net profit after tax to $75.7 million for FY26, driven by margin gains and UK sales recovery, and announced a fully franked final dividend of 39 cents per share.