Latest Profitability News

BetMakers Technology Group is poised to expand its North American footprint by acquiring LVDC, Nevada’s exclusive pari-mutuel wagering provider, targeting an initial A$4 million in annual revenue.

Coronado Resources has locked in a $150 million asset-based lending facility with Oaktree affiliates, refinancing existing debt and funding key coal production expansions amid a challenging market.

I Synergy Group Limited has announced a fully underwritten pro-rata renounceable entitlement offer to raise up to $1 million, aiming to bolster working capital and fund key operational initiatives. The offer, underwritten by VGI Vmall Limited, will significantly increase the company's shares on issue, with potential dilution risks for non-participating shareholders.

Adveritas Limited reports a record 61% increase in annualised recurring revenue, driven by strong gains in sports betting and new product launches, while preparing for a strategic expansion into North America.

West African Resources aligns with Burkina Faso's 2024 Mining Code, increasing the government's equity stake in its projects while maintaining its 2025 gold production targets.

Tasmea Limited has declared a fully franked special dividend of 12 cents per share, reflecting robust financial performance and strong confidence in future growth prospects.

Lefroy Exploration has reported outstanding near-surface gold assay results from its Lucky Strike project, validating resource models and revealing promising high-grade zones. With diamond drilling underway to explore a potential larger Stage 2 pit, the company is advancing its development plans backed by partner funding.

Judo Capital Holdings Limited reaffirmed its FY25 guidance at its 2025 Investor Day, highlighting strong lending growth, a maturing technology platform, and a focused strategy to optimize its SME banking model.

OFX Group Limited has responded to ASX concerns over its FY25 earnings disclosure, confirming earnings below consensus but no breach of continuous disclosure rules.

Babylon Pump & Power Limited (ASX – BPP) announces transformational acquisitions of Blue Hire and Matrix Hydro Services, significantly expanding its equipment rental and water management capabilities. The company is funding this growth through a $3.5 million entitlement offer and a $21.2 million debt facility, targeting a doubling of EBITDA by FY26.

Hydralyte USA reports its best EBITDA performance since IPO, driven by strong sales and cost reductions, setting the stage for growth with upcoming product launches.

Way2VAT Ltd has successfully raised A$2 million through a discounted share placement, aiming to bolster working capital and reduce short-term debt as it capitalises on recent client wins.