Daily Roundup

MAQ.ASX BHP.ASX AVA.ASX PC2.ASX IMC.ASX

Macquarie Technology Group is making a major real estate play, exercising an option to acquire a 34,200-square-meter parcel of land in Sydney's Macquarie Park for $240 million. The company plans to develop an engineering and technology campus that will sit alongside a roughly 200MW data centre, with the whole project expected to wrap up by late 2029. What makes this interesting beyond the infrastructure itself is the community angle—Macquarie is planning to include a public park, community garden, and art gallery, plus it'll collaborate with Macquarie University on research and learning opportunities. The purchase will be funded through existing cash reserves and the company's corporate debt facility.

On the commodities front, BHP Group delivered a strong performance with record iron ore and approximately 2 million tonnes of copper production for the year ending June 30. The mining giant showed impressive cost discipline too, keeping every asset within unit cost guidance despite inflation and supply chain headwinds. Looking ahead, BHP is guiding for FY27 copper production between 1,650 and 1,800 kilotonnes and iron ore production between 260 and 272 million tonnes. The company also made progress on several growth initiatives, including applications to restart Cerro Colorado in Chile and development pathways for operations in South Australia, Chile, and the US. Management remains confident in long-term demand, citing trends like industrialization, urbanization, the energy transition, and population growth.

AVA Risk Group's quarterly update painted a more complicated picture. The company expects FY2026 revenue of around $29 million, falling short of its $34 million to $37 million guidance range. The miss was driven by delays in delivering key orders, particularly in the Middle East, where regional conflict disrupted timelines. However, there's a silver lining—AVA captured $29.4 million in sales order intake, which actually exceeded full-year revenue and sets up a stronger foundation for FY2027. The company is sitting on a $6.8 million sales order backlog, with about $4.2 million expected to convert to revenue in the first half of next year. Gross margins are holding steady at 60% to 64%, and the company expects to post modest positive underlying EBITDA for FY2026.

PC Gold has closed the acquisition of a former mining camp near its Spring Hill Gold Project in Northern Territory's Pine Creek region. The company paid $770,000 in total consideration—$475,000 in cash and $295,000 in shares—for the facility, which includes 16 accommodation blocks, office spaces, and full utility connections. Located just 30 minutes from the project site, the acquisition should meaningfully reduce development timelines and capital requirements while supporting ongoing exploration and feasibility work.

Immuron wrapped up the financial year with steady growth, reporting a 6% increase in global sales to AUD$7.7 million for FY26. The biopharmaceutical company's flagship product, Travelan®, performed particularly well in Australia, where sales jumped 10% to AUD$5.8 million, and in the US, where sales climbed 7% in Australian dollars (or 13% when converted to USD). Canada was the outlier, with sales dropping 55%, though the company attributes broader growth to new marketing initiatives and improved brand awareness. Immuron is positioning itself as a player in infectious disease treatments through its platform technology approach.