Latest Turnaround News

Comvita Limited has swung back to profitability in FY26, reporting $7.7 million net profit after a $40.5 million capital raise that brought Southeast Asian consumer giant F&N Ventures on board with a near 20% stake.

Bentley Capital Limited swung back to profitability in FY2026, posting a $255,000 net profit driven mainly by legal settlements and modest investment gains, reversing a prior loss of $878,000.

NEXTDC has swung to a statutory profit of $82.1 million in FY26, driven by a record 202% jump in contracted utilisation and a strategic shift in lease accounting that added a $128.8 million fair value gain. The company’s $3.4 billion capital expenditure underscores its aggressive expansion, including the opening of its first international data centre in Kuala Lumpur.

Alfabs Australia delivered an 11% revenue increase and improved free cash flow in FY26, progressing its debt restructuring and setting the stage for dividend reinstatement.

Beonic Limited grew revenue by 5.2% to $23.3 million in FY26, halving its loss and achieving positive operating cash flow, underpinned by a landmark Moroccan airport contract and product innovation.

Regal Investment Fund posted a standout FY2026 with a 17.32% net return, tripling operating profit to $117.9 million and continuing its on-market buy-back program.

OM Holdings reversed a loss to report a US$26.3 million profit in 1H 2026, driven by a major asset disposal and improved product margins despite lower sales volumes.

Saferoads Holdings (ASX:SRH) doubled its revenue to $12.47 million in FY2026, swinging to a $711,000 profit from continuing operations after divesting its Road Safety Rental business. The company declared a fully franked final dividend of 0.5 cents per share.

Webjet Group navigated a challenging FY26 with flat OTA revenue and strong EBITDA margins, while its Cars & Motorhomes segment began turning around. The company withheld FY27 earnings guidance, citing ongoing macro uncertainty but noted improved recent trading.

Aeris Resources delivered a standout FY26 with revenues up 22% and profit after tax surging 295%, buoyed by operational gains and a strategic acquisition of Peel Mining.

Mayfield Childcare has completed a fully subscribed entitlement offer, raising approximately $3 million to support its ongoing operational turnaround.

Alliance Aviation Services has completed the institutional portion of its $40 million equity raise, securing $33 million to support its turnaround and debt reduction efforts. The retail entitlement offer opens in early September.