Latest Financial Services 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.

Elders Limited has reported a robust 67% increase in underlying EBIT for the first half of FY25, driven by higher livestock prices and strategic acquisitions, while navigating challenges from dry weather impacting crop inputs.

Elders Limited reported a robust half-year performance for the period ending 31 March 2025, with profit after tax surging 190% to $33.6 million and revenue rising 5% to $1.41 billion. The company’s growth was driven by strong livestock prices, real estate acquisitions, and disciplined cost management.

NAOS EX-50 Opportunities Company Limited has announced an on-market buy-back program targeting up to 4.29 million ordinary shares, set to commence in June 2025 and run for a year.

Cash Converters has announced its exit from the Small Amount Credit Contract payday lending sector, signaling a strategic shift away from this controversial market segment.

Yowie Group has lodged a formal application with the Takeovers Panel to block Keybridge Capital from convening a shareholder meeting aimed at replacing Yowie’s board, accusing Keybridge of trying to frustrate its takeover offer.

Nufarm Finance (NZ) Limited reported a 4.1% increase in net profit after tax to NZD 10.35 million for the half-year ended 31 March 2025, driven by higher interest rates. The company declared an interim distribution of NZD 4.31 per security, payable in October 2024.

Solvar Limited has taken a strategic step by acquiring a 19.9% stake in Earlypay Limited, aiming to broaden its footprint in the SME finance sector. This move aligns with Solvar’s focus on underserved commercial markets.

BSP Financial Group reported a 17% rise in net profit and a 16% dividend increase for 2024, while advancing key digital and SME banking initiatives across the South Pacific.

Unith Ltd has responded to an ASX price query following unusual trading activity, denying undisclosed information and pointing to a successful recent roadshow as a potential factor.

Bendigo and Adelaide Bank reported a 7.8% decline in cash earnings for 3Q25, reflecting lower other income and a slight dip in net interest income, while completing its Rural Bank system migration.

Fintech Chain Limited has applied to delist from the ASX, citing low valuation, poor liquidity, and high costs, aiming to unlock growth capital in China and the US.