• Pro-Pac: Strategic review underway
    Pro-Pac: Strategic review underway
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Revenue for the three months to 30 June for Pro-Pac was up by five per cent over the previous quarter, with the company saying it is returning to more stable operating levels.

Flexibles brought in $63.1m and Industrials $16.8m in the quarter, with the company attributing the $4m increase over the Q3 total of $75.9m to “favourable trading conditions".

Cash flow from operating activities for the third quarter represented an inflow of $13.1m, compared with a cash outflow of $600,000 for the March quarter.

Pro-Pac received a $6.1m government grant, and as at 30 June had $8.3m cash in hand, which included the $6.1m, as well as unused debt facilities of $18.8m. It has used $20.2m of its $39m debt facility, which is provided by ScotPac and ANZ Bank.

The grant came through the government’s Modern Manufacturing Initiative, and is to help Pro-Pac establish its soft plastics recycling plant.

Food & Drink Business

Bega Group returned to profit in FY26, reversing the $8.5 million loss in FY25 as two years of manufacturing rationalisation took effect. Revenue rose 6.7 per cent to $3.77 billion and statutory EBITDA lifted 22.2 per cent to $202.3 million.

Two of the most widely deployed supervisory controllers in commercial refrigeration carried vulnerabilities that would let an attacker manipulate cooling equipment while the system continued to report normal temperatures, according to research by industrial cyber security firm, Claroty.

Australia’s certified organic sector has for the first time passed the $1bn mark in annual direct sales, highlighting growing demand from consumers and the growing contribution and opportunity for organics.