Latest Westpac News

Vonex Limited reported a significantly reduced net loss for FY25 alongside a strengthened balance sheet, operational upgrades, and a pending acquisition by Maxo Telecommunications. The company is navigating going concern uncertainties while advancing network expansion and governance reforms.

Prime Financial Group Ltd reported robust FY25 results, driven by a 21% revenue increase and key acquisitions that expanded its client base and funds under management. The company’s strategic focus on M&A, technology, and mid-market opportunities sets the stage for ambitious future growth.

Prime Financial Group Ltd has reported a robust 21% increase in revenue to $49.4 million for FY25, alongside a 62% jump in net profit after tax. The company’s strategic acquisition of Lincoln Indicators Pty Ltd bolsters its wealth management capabilities and client base.

Vonex Limited shareholders will soon decide on a court-approved scheme of arrangement under which Maxo Telecommunications will acquire the remaining 30.6% of Vonex shares it does not already own, offering an 80% premium to the pre-announcement share price.

Fisher & Paykel Healthcare has issued strong first half FY26 guidance, forecasting significant revenue and profit growth while navigating new US tariffs. Meanwhile, director Pip Greenwood announces her retirement after eight years on the board.

Westpac Banking Corporation reported a robust 14% increase in statutory net profit for 3Q25, supported by disciplined growth and resilient credit quality. The bank’s capital and liquidity metrics remain comfortably above regulatory requirements, underscoring its financial strength.

Westpac Banking Corporation reported a robust $1.9 billion net profit for 3Q25, driven by growth in business banking and a strong capital position. The bank advances its transformation agenda while enhancing customer security and service.

Wisr Limited has reported a standout Q4FY25 with loan originations soaring 154% year-on-year, surpassing its full-year guidance and showcasing improved credit quality.

PentaNet Ltd reported positive operating cash flow for the June 2025 quarter and strengthened its financial position with a new $2 million equipment finance facility.

Catalyst Metals has locked in a three-year A$100 million revolving credit facility with major banks, bolstering its financial flexibility without immediate debt drawdown. This move strengthens its balance sheet as it advances development at the Plutonic Gold Belt.

Fenix Resources has marked a milestone quarter with the start of mining at Beebyn-W11, joining Iron Ridge and Shine mines to push production towards 4 million tonnes annually in 2025. The company also reported record shipments and improved cost efficiency, underpinning its growth strategy in Western Australia's Mid-West.

Vonex Limited reports operational improvements, low complaint rates, and strategic executive hires in Q4 FY25, alongside a pivotal acquisition agreement with MaxoTel.