Daily Roundup

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Kip McGrath Education Centres Says No to Crimson's Takeover Bid

Kip McGrath Education Centres has firmly rejected Crimson Consulting Australia's takeover offer, with the board unanimously recommending shareholders vote against the deal. The sticking point? The A$0.73 per share price tag, which the company argues doesn't adequately value its growth prospects or the benefits of its operational reset. Adding to the uncertainty, the offer itself is heavily conditional with no guarantee those conditions will actually be met. The company is actively exploring other options and wants shareholders to hold tight while it pursues potentially superior proposals.

Artrya Establishes Commercial Revenue Base with Strong Cash Position

Medical technology company Artrya has released its FY26 results, marking a significant milestone with the establishment of a commercial revenue base. The company has locked in minimum contracted revenue across three foundation customers, providing a solid foundation for growth. With $74 million in cash on hand as of June 30, Artrya is well-positioned to execute its expansion plans. The company has already launched Salix® Coronary Plaque commercially in the U.S., and it's targeting FDA clearance for Salix® Coronary Flow by year's end. That robust balance sheet is funding U.S. infrastructure development and a growing sales pipeline.

GR Engineering and Medallion Metals Team Up on $50M Project

GR Engineering Services has landed a $50 million engineering, procurement, and construction contract from Medallion Metals to convert the Cosmic Boy Concentrator into a standalone facility. The project will produce copper concentrate and gold doré as part of the Ravensthorpe Gold Project. Site earthworks are already complete, and concrete pouring kicks off in early September. This contract replaces an earlier $7.6 million early works agreement that handled front-end engineering and long-lead item procurement. Medallion expects to start processing operations at Cosmic Boy in October 2026, initially working with third-party ore while advancing mine development at Kundip, where first production is targeted for the second quarter of 2027.

Collins Foods Caps Record Year with Strong Momentum into FY27

Collins Foods delivered record revenue and profit in FY26, capping off a year of strategic transformation. The company successfully exited Taco Bell—transitioning 20 restaurants to new ownership and closing 7 others—with an expected gain of $20 to $22 million. Germany proved to be a standout performer, while the company sharpened its focus on profitability in the Netherlands. Looking at the early weeks of FY27, momentum is holding strong. Total company sales are up 6.6% in the first 17 weeks, with KFC Australia posting a 6.4% increase and Germany surging 44%. The Netherlands remains a work in progress at minus 2.5%. The company also announced a settlement regarding a class action over 10-minute rest pauses. On the board front, there's a new Chair in place, and two directors are stepping down. The company's strategic priorities remain clear: grow Australia faster, build Germany profitably, and run every restaurant better.