Latest Modern Slavery News

City Chic Collective Limited reported a significant reduction in its FY25 net loss alongside modest revenue growth, setting the stage for a potential turnaround in FY26 backed by cost savings and a clean debt facility.

Adairs Limited reported a 6.5% increase in FY25 group sales to $618.1 million, driven by strong growth in Adairs and Mocka brands, while Focus on Furniture faced challenges. The company’s new CEO Elle Roseby has initiated a strategic reset and sustainability initiatives to position the group for long-term growth.

Carindale Property Trust reported a solid 6.4% increase in revenue to $61.6 million and a significant jump in net profit to $39.2 million for the year ended 30 June 2025, underpinned by strong property valuations and operational performance.

IVE Group Limited reported a 69% jump in net profit for FY25 despite a slight revenue dip, driven by margin expansion and operational efficiencies. The company maintains a strong balance sheet and outlines ambitious growth and sustainability plans for FY26.

EVT Limited reported a solid financial year with normalised revenue rising 1.3% to A$1.237 billion and EBITDA up 6.3%, while net profit after tax surged 593%, driven by operational resilience and strategic growth initiatives including a major hotel management acquisition.

Accent Group Limited reported a modest revenue increase but a 3.1% decline in net profit for FY25 amid a tough retail environment. The company announced a strategic partnership with Frasers Group to launch Sports Direct in Australia and New Zealand, signaling a new growth avenue.

Redox Limited reported a 9.4% increase in FY25 revenue to $1.244 billion amid challenging global conditions, while profit after tax declined 14.6% to $77.1 million due to margin normalization and rising costs. The company completed three strategic acquisitions and declared a fully franked dividend of 12.5 cents per share.

Spark New Zealand reported FY25 results within updated guidance, unveiling a strategic sale of a majority stake in its data centre business and a renewed five-year focus on core connectivity. The company’s transformation and capital management reset aim to stabilize performance and deliver sustainable shareholder returns.

Yancoal Australia Ltd reported a sharp 61% drop in net profit for the first half of 2025, hit by falling coal prices and supply chain disruptions despite a 15% rise in production. The company declared a fully franked interim dividend and is advancing key asset deals and growth projects.

Image Resources NL reports its Atlas mineral sands project has generated positive operating cash flow in its first quarter of operations, maintaining full-year guidance while advancing development studies for the Yandanooka project.

Metro Mining Limited has reported record Q2 shipments and site EBITDA margins, driven by a fully operational expansion and a robust bauxite market. Operational challenges from a tropical storm have been resolved, and exploration activities are accelerating.

Fisher & Paykel Healthcare has reported a record full-year revenue of NZ$2.02 billion for FY2025, alongside a 43% increase in underlying net profit after tax. The company also raised its dividend, reflecting strong operational performance and strategic investments.