Latest Turnaround News

Xenitra Limited (ASX:XEN) has turned around its cash flow in Q4 FY26, reporting positive operating cash flow of A$0.8 million driven by a leaner cost base and a shift towards higher-margin OTC medicines and blockchain-enabled OPAL tokenised sales.

Metallium has validated its Flash Joule Heating technology through extensive testing and multi-reactor operation, advancing towards commercial e-waste processing at its Texas campus in H1 2027.

Peak Processing (ASX: PKP) has recorded its first positive Group EBITDA quarter, driven by record beverage production and a significant US manufacturing agreement, marking a pivotal turnaround in FY26.

Cobre Limited’s Sierra Atacama project delivers first consecutive positive operating cash flow months, while a major drilling program and $90 million capital raise set the stage for growth.

Coronado Global Resources surged back to profitability in Q2 2026, driven by a 39.3% jump in saleable production and a 27.7% fall in mining cash costs. Buchanan mine hit record half-year output, while Curragh staged a major operational turnaround.

Hiremii Limited ended FY26 with its strongest quarter yet, reporting positive adjusted EBITDA, record gross profit, and a strategic rebrand to AQYR focused on AI-powered workforce intelligence.

Sheffield Resources reported a 20% rise in ore mined and an 11% increase in concentrate production at its Thunderbird Mine, alongside an 8% jump in zircon prices amid improving market conditions.

AMCIL posted a modest 3.6% net profit increase to $6.9 million for FY2026 despite a 10% portfolio loss. The company cut total dividends to 4.0 cents per share, reflecting market headwinds and portfolio repositioning.

Hot Chili Limited’s latest drilling at La Verde continues to reveal extensive near-surface copper-gold mineralisation, reinforcing its role as a cornerstone asset for the Costa Fuego project in Chile with a maiden resource estimate due later this year.

IGO Limited closed FY26 on a high note with improved safety metrics, rising spodumene prices, and a strategic divestment of its Nova nickel operation. Despite a fire-induced shutdown at Greenbushes, the company maintained robust cash flow and set ambitious FY27 guidance.

Farm Pride Foods reported a $10.143 million operating cash inflow for FY26, driven by steady operational improvements and strategic investments in farm capacity despite lower egg prices in H2.

Yowie Group has doubled its half-year profit to US$0.9 million amid a 16% revenue decline, driven by a US customer range cut and elevated cocoa costs impacting Australia. The confectionery maker advances its turnaround with new product launches and legal wins, while navigating ongoing funding and legacy loan challenges.