Latest Wholesale News

Comms Group Limited is set to divest its onPlatinum division for $30 million, aiming to strengthen its balance sheet and return capital to shareholders. The company maintains solid FY26 guidance, driven by organic growth and cost rationalisation.

Smartshares Limited’s annual report for the year ending 31 March 2026 details mixed fund unit movements, notable management changes, and key investment manager transitions within its suite of Exchange Traded Funds.

Temas Resources' re-assay program at the Hervieux West deposit validates extensive high-grade titanium-vanadium mineralisation and reveals significant gallium, scandium, and chromium credits, accelerating resource development at the La Blache Project.

Ampol launches a A$400 million delayed-draw subordinated notes facility to refinance upcoming debt maturities, locking in long-dated funding with flexible drawdown options.

Swoop Holdings has agreed to sell its Melbourne Fibre Project subsidiary to Singapore-based Xenith Infrastructure Group for $11 million plus project cost reimbursements. The deal offloads remaining capital commitments and will help reduce Swoop’s debt.

Activeport and FirstWave have teamed up to launch an AI Gateway that provides large enterprises and government clients with secure, high-performance access to GPU compute over Australia’s largest carrier networks.

Metcash Limited posted a modest rise in FY26 revenue and EBITDA, driven by strong Food segment growth and strategic acquisitions, while facing pressure in Hardware margins and suspending its Dividend Reinvestment Plan.

Challenger Limited is merging its Fidante funds management business with Channel Capital, creating Channel Group with $150 billion in assets. Challenger will hold a 45% stake and expects a $100 million pre-tax gain in FY27.

Swoop Holdings’ Moose Mobile has struck a wholesale MVNO agreement with TPG Telecom, aiming to lift gross margins by 50% and grow its subscriber base to over 180,000 within three years.

Contact Energy's May 2026 report reveals increased mass market electricity and gas sales alongside reduced generation costs and robust hydro storage levels. The company continues to invest heavily in renewable projects amid mixed wholesale price trends.

The GPT Wholesale Shopping Centre Fund is set to deepen its retail property exposure with a $1.2 billion acquisition of interests in two major super-regional shopping centres, Sunshine Plaza and Macarthur Square. This move leverages recent capital raises and underlines GPT's strategy to scale through partnerships.

Aussie Broadband has finalized its takeover of AGL Telco, adding 350,000 connections and setting the stage for significant earnings growth. The company is also progressing key customer migrations and upgrading its growth ambitions toward 1.3 million NBN connections.