Latest Victoria News

DGL Group projects a challenging FY25 with profits down sharply despite steady revenue, as it undertakes major cost realignment and operational integration to set the stage for future growth.

Maggie Beer Holdings has agreed to sell its subsidiary Paris Creek Farms for $500,000, aiming to sharpen focus on its core premium brands and achieve significant cashflow savings.

Advance Metals has secured approvals to expand diamond drilling at its Myrtleford Project, targeting extensions of high-grade gold mineralisation along the Happy Valley Trend. The program includes new holes at multiple prospects and follows impressive assay results from earlier drilling.

Maas Group Holdings has reaffirmed its FY25 underlying EBITDA guidance between $215 million and $245 million, while expanding its Melbourne construction materials hub through key acquisitions in asphalt paving and recycling.

Adelong Gold Limited has secured $455,000 from selling a non-core property to fund exploration at its Victorian gold projects, while gold processing has commenced at its Challenger Gold Mine, signaling imminent production.

Cann Group Limited has resolved its legal dispute with Rua Biosciences, paving the way for new commercial agreements to supply medicinal cannabis products across Australia and New Zealand.

Tasmea Limited is set to acquire the Vertex Group, enhancing its high voltage and portable power services across regional Australia, with a deal expected to boost earnings per share by 3%.

S2 Resources reports encouraging gold-arsenic anomalies from reconnaissance drilling at its Yeungroon project in Victoria, while drilling at Glenlogan in NSW faces delays. Assays from Fosterville are awaited, underscoring a busy exploration pipeline.

ReadCloud Limited reports a robust first half FY25 with 13% organic revenue growth and a 73% jump in underlying EBITDA, powered by its expanding VET-in-Schools segment and disciplined cost management.

ReadCloud Limited has reported a robust half-year performance with revenues up 13% and statutory profit soaring 214%, driven by significant growth in its Vocational Education & Training segment.

The ACCC has raised preliminary concerns that Elders’ proposed acquisition of Delta Agribusiness could reduce competition in rural merchandise supply across key Australian regions, potentially impacting prices and service quality.

HITIQ has secured a three-year deal with AFL Barwon to promote its PROTEQT smart mouthguard across regional Victoria, enhancing concussion management in community sports.