Latest Cost Reduction News

Elders Limited has reported a robust 67% increase in underlying EBIT for the half-year ending March 2025, driven by livestock market recovery and real estate growth, alongside five new acquisitions and ongoing transformation initiatives.

Elixinol Wellness Ltd has raised $1.5 million through a mix of debt and equity to boost automation and expand its key brands, including Healthy Chef and Soul Seeds.

Nufarm reported a mixed 1H25 with a strong rebound in crop protection profits contrasting a sharp decline in seed technologies earnings, prompting a strategic review of the latter business.

Nufarm reports a mixed 1H25 with strong crop protection gains offset by a sharp decline in seed technologies earnings, prompting a strategic review of its seed business amid omega-3 market challenges.

Dubber Corporation faces a significant setback as VirginMedia O2 declines to renew its call recording contract, prompting urgent cost-cutting and strategic reassessment.

Atomo Diagnostics Limited has announced a capital raising initiative comprising a Share Purchase Plan (SPP) and a Placement, aiming to raise up to $1 million through the SPP and additional funds via a Placement, subject to shareholder approval at a June 23 meeting.

Top Shelf International Holdings has completed the sale of its Campbellfield production assets for $8 million, fully settling its ATO excise liability and advancing its financial restructuring.

EV Resources Limited has agreed to sell its Coyote Creek Antimony Project in Utah to Trigg Minerals, securing upfront cash and shares while maintaining exposure to antimony through equity stakes.

Appen Limited reported robust 2024 results with a 16% revenue increase excluding Google and a return to profitability, driven by generative AI projects and China market expansion. The company outlines a confident 2025 strategy focused on AI data quality, operational efficiency, and sustained growth.

Appen Limited reports a strong financial turnaround in FY24, driven by growth outside Google and a focus on generative AI, while seeking shareholder approval for key governance and remuneration measures.

Fletcher Building is dissolving its Australian Division, folding operations into two new trans-Tasman units, while targeting $15 million in annual cost savings as market challenges persist.

Epsilon Healthcare has launched a $1 million loan note issue aimed at supporting its working capital and diversification efforts, with a 10% interest rate and potential share conversion.