Latest Accounting News

Myer Group posted modest sales growth in FY25, buoyed by the Apparel Brands acquisition, but faced profitability challenges from operational disruptions and macroeconomic pressures. The Group is advancing its omni-channel strategy and cost management initiatives while addressing National Distribution Centre issues.

Lendlease has priced a S$400 million perpetual hybrid securities issue at a fixed 3.90% rate, strengthening its capital structure and preparing for upcoming debt maturities. The move supports its ongoing corporate strategy and regional growth ambitions.

Renergen Limited forecasts a significant increase in its loss per share for the six months ending August 2025, driven by one-off transaction expenses and full commissioning costs of its Phase 1 plant.

Income Asset Management has resumed ASX trading after revealing a $1.5 million fraud involving a former employee, while assuring clients their assets remain secure under current custodianship.

Brazilian Critical Minerals has reported sustained high-grade rare earth element recovery from its in-situ recovery trials at the Ema Project, with pregnant leach solution grades exceeding 5,700 ppm TREO and strong magnet rare earth oxide content.

Viva Energy announces the resignation of Jevan Bouzo as CEO of its Convenience and Mobility business, appointing Jennifer Gray as interim leader while searching for a permanent replacement.

Income Asset Management has uncovered suspected fraudulent transfers linked to a minority sub-custodian, confirming no client assets were compromised. The company is investigating further and will update the market soon.

Endeavour Group Limited has updated its dividend distribution details for the financial period ending June 2025, confirming a fully franked ordinary dividend and outlining currency options and reinvestment plan terms.

Platinum Asset Management confirms the Independent Expert's valuation of its proposed merger with L1 Capital remains unchanged after reviewing updated financials, with the Board unanimously recommending shareholder approval.

ASIC has imposed an interim stop order on the La Trobe Australian Credit Fund’s 12 Month Term Account due to alleged deficiencies in its Target Market Determination, pausing new investments while issues are addressed.

Stakk Limited has secured a pivotal two-year agreement to provide embedded finance technology for Robinhood’s new banking service, marking a significant milestone for both fintech players.

Revolution Private Credit Income Trust has released comprehensive rules for its Distribution Reinvestment Plan, outlining how investors can reinvest distributions into additional units. The plan details eligibility, pricing, and operational procedures, setting the stage for potential shifts in investor participation and capital structure.