Latest Impairment Charges News

Westpac Banking Corporation reported a solid $6.9 billion net profit for FY25, underpinned by strong deposit growth and ongoing digital transformation, while advancing ambitious sustainability targets.

Westpac Banking Corporation reported a solid $6.9 billion statutory net profit for 2025, maintaining strong capital and credit quality while increasing dividends. The bank’s ongoing transformation and disciplined growth underpin its outlook amid evolving economic conditions.

Universal Store Holdings has reported robust FY25 results with revenue climbing 15.5% to $333.3 million and a dividend increase, signaling confidence despite retail headwinds. Early FY26 trading shows continued momentum.

BSP Financial Group has reported a robust third quarter for fiscal 2025, with revenue climbing 15% and net profit rising 22%, underpinned by strong operational discipline and strategic investments.

Novo Resources Corp. reported a reduced net loss of CAD 9.7 million for the nine months to September 2025, supported by lower operating cash outflows and a significant post-period sale of San Cristobel Mining shares. The company maintains a cautious outlook amid ongoing funding needs.

Finexia Financial Group has revised its FY25 financial results, increasing impairment losses on its Stayco investment and raising its total loss before tax to $6.82 million.

Lloyds Banking Group reported a resilient Q3 2025 with a £3.3 billion profit, despite a significant motor finance charge and completed acquisition of Schroders Personal Wealth. The bank revised its 2025 guidance, reflecting steady income growth and strong capital generation.

DGL Group Limited has reported a larger-than-expected FY25 net loss following an increased goodwill impairment and received a Disclaimer of Opinion from its auditor due to inventory and control issues during a major ERP system rollout.

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.

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.