Latest Westpac News

AMCIL posted a modest 3.6% net profit increase to $6.9 million for FY2026 despite a 10% portfolio loss. The company cut total dividends to 4.0 cents per share, reflecting market headwinds and portfolio repositioning.

WAM Income Maximiser has posted a 19.2% investment portfolio gain for the year ended June 2026, outperforming its benchmark by 13.4% with notably lower volatility, while increasing fully franked dividends to an annualised yield of 6.9%.

Count Limited (ASX:CUP) is set to complete its acquisition of Oracle Group with a revised upfront consideration of about $49 million and increased expected cost synergies of $1.25 million annually.

Barramundi’s portfolio returned a solid 3.8% gross gain in Q2 2026, driven by strong AI-related infrastructure plays and takeover interest in key holdings, despite sector volatility and profit downgrades in healthcare and logistics.

Australian Finance Group (ASX:AFG) posted its strongest June quarter with $28.1 billion in home loan lodgements, driven by a standout performance in Western Australia amid a mixed national market.

Count Limited has received Australian Competition and Consumer Commission clearance for its Oracle Group acquisition and locked in a $116.6 million debt facility with Commonwealth Bank to fund the deal and support growth.

NEXTDC has secured an additional A$500 million in senior debt facilities, lifting its total available senior debt to A$8.7 billion. The upsized debt package supports ongoing data centre expansion and recent contract wins, reflecting strong lender confidence.

Mayfield Childcare has pulled its FY26 earnings guidance amid rising costs and regulatory shifts, while cautiously advancing its Mayfield 360 allied health initiative.

Schoolblazer Limited has finalised a new A$110 million debt facility with Westpac, fully repaying its previous banking arrangements and simplifying its capital structure.

FortifAI has appointed David Walker and Tim Edwards to its newly formed Advisory Board, reinforcing its push towards the commercial launch of the Nol8 AI Data Plane. These appointments bring heavyweight technology and financial services expertise to the company as it scales.

Ashley Services Group is set to acquire major logistics labour hire contracts generating $162 million in annual revenue, with the deal expected to enhance earnings per share in FY27.

Westpac Banking Corporation declared a fully franked distribution of AUD 1.3884 per Westpac Capital Notes 9 for the quarter ending September 2026, reflecting a 5.5082% annualised rate based on the latest 3-month BBSW plus margin.