Latest Accounting News

Wesfarmers Limited has updated its dividend distribution for the six months ending June 2025, confirming a fully franked dividend of AUD 1.11 per share payable on 7 October. The company also detailed its dividend reinvestment plan pricing and currency options for shareholders.

Austal Limited has reached a confidential equitable adjustment agreement with the US Navy, resolving cost and schedule issues on the T-ATS shipbuilding program and limiting the contract to three vessels.

Axel REE Limited has announced a significant inferred rare earth mineral resource of 233 million tonnes at its Caladão Project in Brazil, highlighting strong metallurgical recovery prospects that could substantially increase resource size.

PhosCo has terminated the ICC arbitration initiated by TMS Services over the Chaketma Mining project, citing breaches and non-payment of fees. The company now seeks up to A$7.5 million in damages related to longstanding disputes.

Pure Hydrogen Corporation reported FY2025 revenue growth alongside a significant non-cash impairment charge, while progressing its clean hydrogen vehicle technologies and planning a spinout of its Australian gas assets.

TerraCom Limited reports a $43.4 million net loss for FY25, reflecting increased impairment charges and operational challenges, while advancing its strategic Moorlands Project in Australia.

Memphasys Limited has revised its FY25 financials to reflect a $1.12 million liability linked to uncertain compliance with R&D tax incentive rules, pending a private tax ruling.

FBR Limited’s 2025 Annual Report reveals a substantial $54 million impairment charge that significantly worsens its financial results, pushing total losses to nearly $83 million. The adjustments highlight challenges in capitalised development and asset valuations amid ongoing robotics innovation.

Baumart Holdings has recorded a nearly $1 million impairment on its mining equipment due to halted diamond mining operations and no clear plans for asset redeployment.

Delorean Corporation has released its audited 2025 Annual Report, revealing key adjustments from its preliminary results including lower revenue, increased tax expenses, and a significant reclassification of borrowings.

Australian Pacific Coal Limited has delayed its full year accounts due to missing financial data from its Dartbrook mine subsidiary, leading to a trading suspension from October 1.

Avada Group Limited has updated its FY25 financial results, reducing its loss after tax by $2.04 million due to tax benefit adjustments and reclassification of borrowings, while confirming no impact on operating revenue or cash flow.