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Wingtech's Loss Widens in 2025

Wingtech's (SHA:600745) net loss attributable to shareholders for 2025 widened year on year to 8.75 billion yuan from 2.83 billion yuan, according to a Shanghai bourse filing on Thursday.Loss per share widened to 7.03 yuan from 2.28 yuan a year earlier.Operating revenue dropped 58% 31.3 billion yuan from 73.6 billion yuan in the previous year.

SHA:600745

Asia63d ago

Meteoric Resources Says Brazil Plant Continues to Deliver 'Robust Recoveries,' Shares Fall 3%

Meteoric Resources (ASX:MEI) said its Caldeira pilot plant in Brazil continues to deliver "robust recoveries" and consistent mixed rare earth carbonate production at or higher than nameplate capacity, according to a Thursday filing with the Australian bourse.During the March quarter, the company received a $50 million conditional letter of support from Export Finance Australia for indicative Caldeira financing, it said.Definitive feasibility study workstreams are progressing, and Meteoric Resources is advancing toward a final investment decision with a cash balance of AU$18 million at the end of March.Shares of the company fell 3% in recent Thursday trade.

ASX:MEI

Asia63d ago

Japanese Stocks Fall at Open as Iran Tensions Drive Oil Prices Up

Japanese shares opened lower when trading resumed on Thursday after a market holiday, as renewed uncertainty surrounding the conflict in Iran pushed oil prices higher.The Nikkei 225 fell by 432.8 points, or 0.7%, to open at 59,484.71.Weak sentiment hounded markets as U.S. crude prices rose to their highest since 2022 after President Donald Trump told Axios that he would not end the naval blockade of Iranian ports unless Tehran agrees to a new deal addressing its nuclear program.Brent crude closed near $120 per barrel.In a separate development, Jerome Powell held his final press conference as head of the Federal Reserve, highlighting that he will remain on the board as a 'low-profile' governor.His departure follows the Justice Department's decision to drop a controversial criminal investigation into the central bank, paving the way for the Senate to confirm Kevin Warsh as the next Fed chair.

Nikkei 225

Asia63d ago

South32 Says Initial Operating Life of Arizona Zinc-Lead-Silver Project Extended by Five Years, Shares Fall 8%

South32 (ASX:S32) said the initial operating life of the Taylor zinc-lead-silver project, the first development within the Hermosa project in Arizona, was extended by five years to around 33 years since the final investment approval, driven by successful infill drilling programs.The Taylor ore reserve saw a 52% increase to 99 million tonnes, and the mineral reserve rose by 10% to 169 million tonnes. First production is now expected in the second half of fiscal 2028, and nameplate capacity of 4.3 million tonnes per annum is expected by fiscal year 2031, reflecting the revised expectation for shaft construction.Updated pricing for the remaining surface and underground construction packages led to expected growth capital expenditure for Taylor being updated to around $3.3 billion.Under the updated assumptions, Taylor's steady-state earnings before interest, taxes, depreciation, and amortization is expected to be around $650 million per annum, with a net present value of around $3.1 billion.Its shares fell 8% in recent trading on Thursday.

ASX:S32

Asia63d ago

Update: Woolworths Group Reports Higher Fiscal Q3 Sales; Freezes Shelf Prices on Hundreds of Household Staples; Shares Fall 6%

(Updates to add stock movement in the headline and last paragraph)Woolworths Group (ASX:WOW) reported fiscal third-quarter sales of about AU$18.1 billion, up 4.5% from AU$17.31 billion in the year-ago period, according to a Thursday filing with the Australian bourse.Australian food sales increased 5.9% year over year to AU$13.83 billion, while New Zealand food sales measured in the local currency ticked 1.4% higher, per the filing.While the impact of the Middle East conflict on the company's business has so far been limited, "higher fuel costs and secondary effects are likely to have an increasing inflationary impact as we move through the calendar year," CEO Amanda Bardwell said.Reported fiscal 2026 Australian food earnings before interest and taxes growth is still expected to be in the mid to high single-digit range but no longer at the upper end of the range, Woolworths said.The guidance reflects incremental costs associated with direct fuel exposures as well as initiatives to support customers during a period of budgetary constraint, including a freeze on shelf prices for 300 household staples, the company disclosed in a separate Thursday statement.The price freeze includes Woolworths-branded or exclusive products, including eggs, bread, chicken, sausages, pasta, and diapers starting from May 1 for the next three months.The company's shares fell around 6% in recent Thursday trade.

ASX:WOW

Asia63d ago

Kingsgate Consolidated Posts Higher Gold Production, Sales in March Quarter; Shares Fall 6%

Kingsgate Consolidated (ASX:KCN) produced 21,036 ounces of gold and sold 21,954 ounces of gold during the March quarter, according to a Thursday filing with the Australian bourse.The gold was produced at an all-in sustaining cost of $2,201 per ounce and sold at an average price of $4,814 per ounce of gold during the quarter, the filing said.For the quarter ended March 31, 2025, the company produced 20,628 ounces of gold at an AISC of $1,839 per ounce and sold 20,000 ounces of gold at an average price of $2,875 per ounce, an earlier filing showed.The company said it remains on track to meet its fiscal 2026 guidance of 93,000 to 103,000 ounces of gold equivalent and all-in sustaining cost of $1,550 to $1,750 per ounce.The company's shares fell around 6% in recent Thursday trade.

ASX:KCN

Asia63d ago

Australian Prudential Regulation Authority Warns Financial Sector Over AI-Related Risks

The Australian Prudential Regulation Authority (APRA) on Thursday called on the financial sector to enhance its management of AI-related risks, warning that information security practices are struggling to keep up with the speed of the technology's adoption.In a letter to the industry, the regulator outlined the findings of a review it launched last year, noting that the growing use of advanced AI is creating multiple new financial and operational vulnerabilities for banks, insurers, and superannuation trustees."Frontier AI models such as Anthropic's Claude Mythos, which could enhance the discovery of vulnerabilities by bad actors, are expected to further increase the probability, speed, and scale of cyber attacks," APRA said.The regulator found that financial corporates have a high interest in the potential benefits of AI usage, but in many cases lack the technical knowledge to effectively manage the associated risks.The APRA is not proposing to introduce additional requirements at this stage but expects to see a "significant improvement" in how the financial sector approaches AI-related risk management and governance.

ASX:ANZASX:CBAASX:IAGASX:NABASX:QBEASX:WBC

Asia63d ago

Gentrack Group to Acquire Dubai Technology Partners in $10 Million Deal

Gentrack Group (ASX:GTK, NZE:GTK) signed an agreement to acquire Dubai-based airport technology and services provider Dubai Technology Partners for an enterprise value of $10 million, according to a Thursday filing with the Australian and New Zealand bourses.Dubai Technology Partners will be incorporated into the company's Veovo airports division, boosting its artificial intelligence-powered portfolio while also broadening its global footprint and strengthening its presence in the Middle East, per the filing.The deal, which will be funded through the company's existing cash reserves, is expected to add about NZ$3.5 million in fiscal 2026 revenue over four months post-completion, the filing said. It will also be marginally accretive to earnings before interest, taxes, depreciation, and amortization before integration costs, the filing added.The transaction is expected to be completed within a month, subject to standard conditions.The company's Australian shares were up 2% in recent Thursday trade, while its Kiwi shares added about 1%.

ASX:GTKNZE:GTK

Asia63d ago

Avita Medical Says Wound Care System Preparation Method Receives Regulatory Approval in Australia, New Zealand

Avita Medical (ASX:AVH) said its RECELL GO wound care system preparation method received regulatory clearance in Australia and New Zealand, allowing for commercialization in both markets for burn and acute wound treatment, according to a Thursday Australian bourse filing.It secured certification from Australia's Therapeutic Goods Administration and was listed on New Zealand's Web Assisted Notification of Devices database by Medsafe.RECELL GO combines a reusable, electricity-powered RECELL processing device with a single-use RECELL preparation kit, with one such kit capable of treating wounds up to 1,920 square centimeters, per the filing.Its exclusive distribution partner in Australia and New Zealand, Revolution Surgical, expects to begin the commercial launch within the coming weeks.Its shares rose over 2% in recent trading on Thursday.

ASX:AVH

Asia63d ago

Dateline Resources Reports AU$96 Million Cash at Hand, Advances US Project BFS

Dateline Resources (ASX:DTR) completed a AU$50 million placement after the end of the March quarter, taking cash at hand, before costs, to AU$96 million to advance pre-construction activities at the Colosseum project in the US, according to a Thursday Australian bourse filing.The company said that the June quarter will see the release of the Colosseum gold bankable feasibility study and the rapid transition to project financing and planned construction, while exploration drilling will continue on the rare earths and gold targets at Colosseum with multiple rigs operating around the clock.At Music Valley, the geophysical interpretation will be used to guide the next phase of ground exploration, the filing added.

ASX:DTR

Asia63d ago

ASX Preview: Australian Shares Set to Fall as Oil Surges on Supply Fears; Capstone Copper Posts Higher Q1 Adjusted Earnings, Revenue

Australian shares are poised to fall on Thursday as oil prices surged more than 6% overnight on renewed Middle East supply concerns and a larger-than-expected draw in US crude inventories.Investors also weighed the United Arab Emirates' decision to exit the Organization of the Petroleum Exporting Countries, adding longer-term uncertainty to global supply dynamics and inflation pressures.Overnight, the Dow Jones Industrial Average fell 0.6%, while the S&P 500 and the Nasdaq Composite closed flat.In the macroeconomy, Small businesses in Australia had a firm start to the year, with the March quarter recording a 7.2% jump in sales. However, higher fuel prices amid the conflict in the Middle East pose a key risk, Xero said Thursday.Australia's international trade price indexes report is due at 11:30 am Sydney time.In corporate news, Capstone Copper (ASX:CSC) reported Thursday first-quarter adjusted earnings of $0.12 per share on revenue of $652.5 million, compared with adjusted earnings of $0.01 on revenue of $533.3 million a year earlier.Mineral Resources' (ASX:MIN) fiscal third-quarter production volume reached 80 million wet metric tonnes (wmt), up from 62 million wmt a year earlier.Woolworths Group (ASX:WOW) reported fiscal third-quarter sales of about AU$18.1 billion, up 4.5% from AU$17.31 billion in the year-ago period.Australia's benchmark index fell 0.3% or 23.7 points to close at 8,687 on Wednesday.

ASX 200ASX:CSCASX:MINASX:WOW

Asia63d ago

Electro Optic Systems Reports Contract Backlog Growth as of March 31

Electro Optic Systems Holdings (ASX:EOS) reported a contract backlog of AU$518 million as of March 31, up 13% from the end of 2025, according to a Thursday filing with the Australian bourse.The company closed the March quarter with unrestricted cash holdings of AU$95.1 million, representing a decrease of AU$11.8 million from the end of 2025, per the filing.

ASX:EOS

Asia63d ago

Regis Healthcare Expects Fiscal 2026 Underlying EBITDA at Top End of Guidance

Regis Healthcare (ASX:REG) said it expects fiscal 2026 underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) of about AU$135 million, at the top end of guidance, according to a Thursday Australian bourse filing.Occupancy across mature homes averaged about 96% in the fiscal third quarter, per the filing.The company said it generated net refundable accommodation deposit (RAD) cash inflows of AU$44.5 million in the third quarter, taking the total net RAD cash inflows for the year to date to AU$223 million.As resident turnover occurs, the progressive repricing of existing paid-up RADs to current advertised room prices is expected to generate net operating cash inflows of about AU$400 million over time while also increasing RAD retention earnings, the company added.

ASX:REG

Asia63d ago

Boss Energy Posts Lower Fiscal Q3 Drummed Uranium from South Australia Project

Boss Energy's (ASX:BOE) fiscal third-quarter production at the Honeymoon project in South Australia reached 203,000 pounds of truranium octoxide drummed, with a C1 cost of AU$60 per pound and all-in sustaining costs (AISC) of AU$58 per pound, according to a Thursday Australian bourse filing.Honeymoon produced 295,819 pounds of uranium oxide drummed and 246,869 pounds of ion exchange (IX) production in the third quarter of fiscal year 2025, at an average realized price of AU$133 per pound, an earlier filing showed.C1 cost from drummed uranium was of AU$33 per pound in the third quarter of fiscal 2025, the earlier filing showed.The company said fiscal year 2026 C1 cost guidance of AU$36 to AU$40 per pound, and AISC guidance of AU$60 to AU$64 per pound have been reconfirmed toward the upper end of the guidance range, with Alta Mesa drummed production of 97,000 pounds on a 100% basis.The average realized sale price was AU$106 per pound, with Boss remaining strategically under-contracted and holding inventory of 1.53 million pounds of uranium oxide drummed, while cash and liquid assets stood at AU$211 million, including cash on hand of AU$38 million, the filing added.Work is ongoing for a new Honeymoon JORC resource to support a new feasibility study, including drilling, reinterpretation, and remodeling of historic grade and permeability data, the filing added.

ASX:BOE

Asia63d ago

Champion Iron Reports Higher Fiscal Q4 Iron Ore Concentrate Production

Champion Iron (ASX:CIA) reported fiscal fourth-quarter production of 3.4 million wet metric tonnes of iron ore concentrate, up 8% from about 3.2 million wet metric tonnes a year earlier, according to a Thursday filing with the Australian bourse.The company reported quarterly sales of about 3.5 million dry metric tonnes, almost unchanged from the year-ago period.Champion Iron said commissioning for its Direct Reduction Pellet Feed project in Canada progressed as planned, with initial production tests completed in March and the production of commercially sellable product expected by the end of June.

ASX:CIA

Asia63d ago

Stockland Maintains Fiscal 2026 Funds From Operations Guidance

Stockland (ASX:SGP) maintained its fiscal 2026 funds from operations (FFO) guidance at AU$0.36 to AU$0.37 per security, according to a Thursday filing with the Australian bourse.The company also continues to target fiscal 2026 distribution of AU$0.252 per security, in line with fiscal 2025 and within its payout ratio range of 60% to 80% of FFO.Additionally, Stockland maintained it residential volume targets for the fiscal year, including masterplanned communities settlements of 7,500 to 8,500 lots and land lease communities settlements of 700 to 800 homes, per the filing.

ASX:SGP

Asia63d ago

Liontown Posts Higher Fiscal Q3 Spodumene Concentrate Production at Western Australia Operation

Liontown (ASX:LTR) produced 96,367 dry metric tonnes (dmt) of spodumene concentrate and sold 83,912 dmt spodumene concentrate at its Kathleen Valley lithium operation in Western Australia during the fiscal third quarter ended March, according to a Thursday Australian bourse filing.The company produced 95,709 dmt of spodumene concentrate and sold 93,940 dmt of spodumene concentrate at Kathleen for the quarter ended March 31, 2025, an earlier filing showed.It generated revenue of AU$197 million during the quarter, up from revenue of AU$104 million during the quarter ended March 31, 2025.The company reported AU$424 million in cash at quarter end along with 26,270 dmt of saleable inventory on hand.

ASX:LTR

Asia63d ago

Mineral Resources Secures $1.3 Billion in Senior Notes Offering

Mineral Resources (ASX:MIN) completed the issue of $650 million in 6% senior unsecured notes due 2032 and a further $650 million in 6.25% notes due 2034, using the proceeds to refinance existing debt and strengthen its overall financial position, according to a Thursday filing with the Australian bourse.The proceeds and cash on hand will refinance $625 million of 2027 notes, repay $300 million of iron ore prepayments, partially redeem $350 million of 2028 notes, and fund the remaining $750 million of 2028 notes expected to be repaid after completing a lithium partnership with POSCO Holdings, per the filing.The company will have no material debt maturities until 2030 once these steps are completed and expects to reduce annual finance costs by around $150 million, improving financial flexibility for future capital allocation, the filing added.

ASX:MIN

Asia63d ago

ASX Appoints Interim CEO

ASX (ASX:ASX) appointed Darren Yip, group executive of markets and listings, as interim chief executive, succeeding Helen Lofthouse, effective May 29, according to a Thursday filing with the Australian bourse.Yip will lead the company on an interim basis while the board continues its search for a permanent CEO, the filing added.

ASX:ASX

Asia63d ago

Woolworths Group Reports Higher Fiscal Q3 Sales; Freezes Shelf Prices on Hundreds of Household Staples

Woolworths Group (ASX:WOW) reported fiscal third-quarter sales of about AU$18.1 billion, up 4.5% from AU$17.31 billion in the year-ago period, according to a Thursday filing with the Australian bourse.Australian food sales increased 5.9% year over year to AU$13.83 billion, while New Zealand food sales measured in the local currency ticked 1.4% higher, per the filing.While the impact of the Middle East conflict on the company's business has so far been limited, "higher fuel costs and secondary effects are likely to have an increasing inflationary impact as we move through the calendar year," CEO Amanda Bardwell said.Reported fiscal 2026 Australian food earnings before interest and taxes growth is still expected to be in the mid to high single-digit range but no longer at the upper end of the range, Woolworths said.The guidance reflects incremental costs associated with direct fuel exposures as well as initiatives to support customers during a period of budgetary constraint, including a freeze on shelf prices for 300 household staples, the company disclosed in a separate Thursday statement.The price freeze includes Woolworths-branded or exclusive products, including eggs, bread, chicken, sausages, pasta, and diapers starting from May 1 for the next three months.

ASX:WOW

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