Latest Turnaround News

Camplify Holdings generated $1.438 million in operating cash flow in the first quarter of FY27 and ended September with $11.333 million in cash and no debt. But GTV fell 27% year on year and forward bookings remained 17% below the prior corresponding period, leaving the summer booking cycle as the key test.

Ampol's third-quarter trading strengthened as Lytton refinery margins more than doubled and Convenience Retail sales surged, but extra maintenance will reduce expected fourth-quarter higher-value product output by about 150 million litres. The Ultra Low Sulfur Fuels project has also slipped into the first quarter of 2027, while the proposed Evie Networks acquisition awaits regulatory clearance.

Maggie Beer Holdings will retain Hampers and Gifts Australia after deciding third-party proposals failed to reflect the business's value. The decision shifts the focus from a potential sale to a turnaround strategy for a business that generated $41.4 million in FY26 sales but only a 2.5% EBITDA margin.

Australian Vintage has returned to positive operating cash flow, but its FY26 statutory loss widened sharply after a $27 million inventory write-down and deferred tax charge. The wine group is betting that Poco Vino growth, further restructuring and lower stock levels can convert the cash improvement into debt reduction in FY27.

Vitura Health grew FY2026 revenue 6% to $131.2 million, but a sharp margin squeeze pushed the ASX-listed digital health company into a $4.4 million statutory loss. With ANZ debt classified as current and a potential $6 million FY2027 revenue hit from changed Bupa referrals, the promised turnaround faces a demanding test.

Dusk Group has carried its FY26 momentum into the new financial year, with like-for-like sales up 7.2% in the first 15 weeks despite operating six fewer stores. The home-fragrance retailer is now preparing a tightly controlled South African launch while an unresolved ACCC court case remains a material complication.

Orora says strong Cans growth is no longer enough to offset weaker Saverglass earnings, with Group EBIT expected to decline in FY27. The company is targeting more than €30 million in Glass EBIT improvement by FY30 after a €449.7 million non-cash impairment.

49 Metals says every hole in its maiden Gold Mountain campaign intersected gold or silver, including a high-grade 27.4-metre interval and a 170.7-metre broad intercept. A second drilling campaign is now testing whether the Adit Zone has the continuity and scale needed to support a maiden mineral resource estimate in 2027.

Excite Technology Services has reported its strongest quarterly operating cash flow on record, with A$1.33 million generated in the September quarter and cash reserves rising to A$3.98 million. The result was supported by stronger customer receipts, a A$3.20 million Federal Government digital forensics contract and a July capital raising.

Promisia Healthcare has maintained group care occupancy at 96%, above its 95% target, while completing the Chatswood acquisition and preparing to potentially accelerate full ownership of Golden View Village. FY27 underlying EBITDAF guidance of at least $8.0 million remains unchanged for the existing portfolio, with updated guidance due in November.

De.mem has reported its strongest quarterly operating cash flow on record, with September cash receipts rising 29% year on year to approximately $10.1 million. The water treatment company also secured an $800,000 antiscalant framework agreement and two equipment orders due for delivery in 2027.

Inghams Group Limited (ASX:ING) returned to poultry volume growth in FY26, but rising costs, a tax dispute and weaker earnings sharply reduced shareholder returns. The company enters FY27 with lower net debt, elevated leverage and a value-led turnaround strategy still to prove itself.