Latest Profitability News

Myer Holdings Limited reported steady FY25 financial results with $4.076 billion in sales and outlined ambitious growth strategies at its Annual General Meeting, alongside key director re-elections and executive incentives.

Fenix Resources unveils a robust three-year plan to ramp up iron ore production from 2.4Mt in FY25 to 6Mtpa by FY28, anchored by its Weld Range Project. The company also raises FY26 guidance and initiates feasibility studies for further expansion.

Rent.com.au has achieved a significant milestone with RentBond® annuity revenue exceeding $100,000 in a single month, driven by over $1 million in new loans and strategic capital moves that improve profitability.

Neometals has signed a non-binding Letter of Intent with BML Ventures to jointly develop the Ironclad Gold Deposit, aiming for early production through a funded open-cut mining operation with profit sharing.

Flight Centre Travel Group has agreed to acquire UK online cruise leader Iglu for £122 million, boosting its cruise sector footprint and upgrading FY26 profit guidance. The deal promises immediate earnings accretion and strategic expansion into key global markets.

St Barbara Limited has completed a compelling restart study for its Touquoy gold project in Nova Scotia, outlining a low-capital, near-term operation with robust economics and a positive permitting outlook.

Frontier Digital Ventures is narrowing its focus to core classifieds, cutting loss-making units and revising FY25 earnings guidance to reflect a significant net loss. The company also reveals a potentially dilutive employee share plan in its Latin America subsidiary.

SSH Group has commenced a focused drilling campaign at the Wagtail Gold Deposit to upgrade its high-grade resource and advance development plans under a profit-share agreement.

High-Tech Metals Limited is advancing near-term gold production at its Mt Fisher and Mt Eureka projects, leveraging historical stockpiles and high-grade resources while pursuing aggressive exploration to expand its resource base.

StepChange Holdings has agreed to acquire Perth-based BroadReach, significantly boosting its ICT advisory capabilities and government sector footprint. The deal enhances StepChange’s role in digital transformation programs with a $2.5 million upfront payment plus performance-linked earn-outs.

Bell Financial Group reports a strong turnaround with a 17% rise in profit before tax for the 11 months to November 2025, driven by growth across key divisions and a robust second half.

Cogstate Ltd reports a near doubling in sales contracts for the first half of 2026 but warns of timing-related revenue deferrals that will temper short-term earnings. Despite this, management remains optimistic about medium- and long-term growth prospects.