Latest Winding Up News

Ceryvyn Therapeutics (ASX:CYV) swung to a A$330 million profit in FY26, driven by a one-off gain from settling a major funding agreement. The company pivots to rare lung disease drug development with a lean cash runway.

TPC Consolidated reported a modest 1.7% revenue rise to $196.3 million for FY26 alongside a striking 1247% jump in net profit, buoyed by calmer wholesale energy prices and strategic investments in battery storage and AI.

Stakk Limited posted a dramatic 1,098% jump in FY2026 revenue to A$14.89 million and achieved its first operating profit of A$1.07 million. The statutory loss widened due to acquisition and legacy wind-down costs, while a $27 million placement funds its pending ParaScript acquisition.

Metal Powder Works Limited reported a doubling of its annual loss to $12.38 million despite a 40% revenue increase, while fast-tracking its production capacity to 800 metric tonnes by mid-2027.

MCS Services reported a 32% revenue decline to $9.87 million for FY2026, driven by the sale of its Traffic Business. The company improved its net loss to just $20,895, buoyed by a $868,000 profit on the sale and underlying operational gains.

Adslot Ltd swung to a $4.2 million profit in FY2026, buoyed by a $6 million non-cash gain from deconsolidating its troubled subsidiary. The company’s restructuring efforts trimmed costs by 28%, but revenue fell 10%.

Wide Open Agriculture cut its loss to $3.64 million in FY2026 as it pivots from owning manufacturing to a capital-light contract model, while securing global commercial traction for its lupin-based ingredients.

xReality Group (ASX: XRG) delivered a standout FY26 with total income up 43% to $20 million and EBITDA surging to $3.8 million, backed by rapid expansion of its Operator XR defence training platform.

SIV Capital posted a 244% increase in net loss for FY26 to $388,049 on a 33% revenue drop, with its legacy rental business winding down and ASX suspension ongoing. The company is pursuing a new transaction to regain listing approval.

Spacetalk Ltd reported a 17% revenue decline in FY26 amid a strategic reset, but mobile revenue grew 16% as the company pivots to a software-led family safety platform supported by new telco partnerships.

Swift TV Ltd advanced its commercial rollout with 7,190 devices sold and secured key technology certifications in FY26, while navigating a 22% revenue decline due to legacy contract wind-downs. The company delivered positive EBITDA and raised $2.3 million to fund growth initiatives.

Genesis Energy posted a robust FY26 with Normalised EBITDAF up 11% to $522m, driven by margin growth and strategic investments in renewables and battery storage. A $400m equity raise bolstered its balance sheet as it accelerates New Zealand’s energy transition.