Latest Victoria News

Astron Corporation has secured Hong Kong Court approval for its redomicile scheme, paving the way for its transition to an Australian-listed parent company with new shares issued on a two-for-one basis.

Sims Limited reported a 4.1% rise in FY25 sales revenue to A$7.494 billion and a near tripling of underlying EBIT to A$174.9 million, driven by improved trading margins and strong growth in lifecycle services. The company’s strategic focus on decarbonisation and circular economy positions it well for sustained demand, especially from AI-driven data centre expansion.

Simonds Group reported a stable $665.6 million revenue for FY25, with normalised net profit after tax surging 90% to $5.7 million, driven by the acquisition of Dennis Family Homes and improved margins.

Simonds Group Limited reported steady revenue of $665.6 million for FY2025, alongside a modest net profit of $1.015 million, as it completed the strategic acquisition of Dennis Family Homes. The company is focused on integrating the acquisition and driving growth amid a recovering housing market.

360 Capital REIT (ASX, TOT) reported a modest statutory net profit for FY25 and projects a fully tax-deferred distribution yield of 7.6% for FY26, underpinned by a modern, well-leased portfolio and strategic growth initiatives.

Latrobe Magnesium secures EPA Victoria approval to begin commissioning and operations at its Hazelwood North Demonstration Plant, moving closer to commercial magnesium oxide production.

Lendlease Group has returned to profitability in FY25 with a statutory profit of $225 million and a 44% increase in distributions, underpinned by significant capital recycling and cost savings. The group is poised for growth with a robust development pipeline and a strong construction backlog.

Charter Hall Retail REIT reported a striking $213.8 million statutory profit for FY25, driven by strong property revaluations and strategic acquisitions, while maintaining stable distributions. The REIT also launched a $1.75 billion equity raise for its new convenience retail fund, signaling growth ambitions amid rising finance costs.

Alkane Resources has fully repaid its A$45 million project finance facility linked to the Tomingley Gold Operations expansion, positioning itself as largely debt free and financially flexible for future growth.

Falcon Metals has reported a spectacular 1.2m intercept grading 543 grams per tonne gold at its Blue Moon project in Victoria’s Bendigo Goldfield, signaling a promising new chapter in high-grade gold exploration.

Adelong Gold has bolstered its cash reserves by $750,000 through the sale of Sarama Resources shares, positioning itself to advance high-grade gold exploration at its Apollo and Lauriston projects in Victoria.

Adelong Gold has formally issued a Deadlock Notice to Great Divide Mining, citing fundamental disagreements over the approval of the Challenger Gold Mine’s first annual programme and budget. The dispute raises questions about the joint venture’s path forward amid conflicting claims on production targets and technical assumptions.