Latest Westpac News

WAM Income Maximiser Limited has announced increased fully franked monthly dividends for Q2 2026, reflecting robust portfolio performance since its April 2025 IPO. The diversified investment strategy combining Australian equities and investment grade corporate debt has outperformed its benchmark by 6%, delivering both income growth and reduced volatility.

Alkane Resources has locked in a $110 million revolving credit facility alongside a $40 million contingent instrument facility, enhancing liquidity and banking ties to support its mining operations and growth projects.

Westpac Banking Corporation has announced a fully franked distribution of AUD 1.3609 per Westpac Capital Note 7, reflecting a 5.3991% annualised rate for the quarter ending June 22, 2026.

EVT Limited has successfully refinanced its debt facilities, increasing capacity to $750 million with improved interest margins, positioning the group for its strategic pivot towards the hotel sector.

Latitude Group Holdings is considering launching a new Capital Notes 2 offer, potentially allowing existing CN1 holders to reinvest. The offer will require applications through appointed Syndicate Brokers under updated regulatory rules.

Dalrymple Bay Infrastructure has successfully priced a $350 million five-year bond, marking its debut in the Australian Medium-Term Note market with robust investor demand.

Westgold Resources has locked in a $600 million unsecured revolving credit facility with top-tier lenders, enhancing its financial flexibility and liquidity to support future growth.

Rox Resources has locked in A$350 million in debt facilities from a top-tier bank syndicate, fully funding the development of its Youanmi Gold Project in Western Australia. The company is poised to make its Final Investment Decision this quarter, moving closer to production.

StepChange Holdings Limited reports a strong half-year performance post-IPO, with $24.36 million in revenue and a net profit of $524,400, underpinned by key acquisitions and US expansion.

Propel Funeral Partners reported a 6.2% rise in statutory net profit to $12.5 million for the half-year ended December 2025, supported by strategic acquisitions in New Zealand and a refinancing of its senior debt. The company also declared a 7.5 cent fully franked interim dividend.

Waterco Limited reported a modest revenue decline but delivered a strong 13% rise in net profit after tax for the half year ended December 2025, driven by improved margins and operational efficiencies. The company declared a 7 cent fully franked interim dividend and is advancing its manufacturing footprint in Malaysia.

Symal Group Limited reported a robust half-year performance with revenues climbing 24.6% to $504.2 million and announced key acquisitions to bolster its infrastructure footprint. The company also secured $300 million in new debt facilities to support its expansion plans.