Daily Roundup

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Ventia Lands Major NZ Road Maintenance Deal

Ventia Services Group has secured a substantial contract with the Far North District Council in New Zealand, worth approximately NZD $125 million over five years. The agreement includes extension options of three and two years, giving the company long-term visibility in the region. The work encompasses comprehensive road network maintenance, including pavement, structures, vegetation, and roadside assets. Managing Director and Group CEO Dean Banks highlighted the company's commitment to delivering safe and reliable roads for the local community.

Leadership Shake-Up at IPH

Professional services company IPH Ltd is welcoming a new leader at the helm. Tony O'Malley has been appointed as the company's Managing Director and Chief Executive Officer, effective July 1, 2026, succeeding Dr. Andrew Blattman, who announced his retirement plans last year. O'Malley brings over 30 years of global professional services experience, having worked across the Big Four advisory firms, major law firms, and large corporations. Most recently, he served as Global Legal Business Solutions Leader at PwC. His employment agreement includes a total fixed remuneration of $950,000 per annum, subject to annual review, alongside various incentive plans.

Volt Group Hits Record Q1 Revenue

Volt Group Limited delivered strong results at its annual general meeting, with shareholders approving all resolutions by healthy margins. The company reported a successful start to FY26, posting record Q1 revenue of $3.0 million and positive operating cashflow of $1.1 million. The integration of the 4D Delta acquisition is now complete, with the business unit already contributing to the top line. Volt's diversified platform—spanning Wescone, EcoQuip, and 4D Delta—is driving growth momentum. The company has guided for FY26 revenue between $11.0 million and $12.2 million, with EBITDA expected to land between $4.1 million and $4.8 million. Looking further ahead, management is targeting medium-term EBITDA of $8.4 million to $10.0 million.

ReadCloud Accelerates School Business Growth

ReadCloud Ltd is firing on all cylinders, with its school-facing businesses delivering impressive results in the first half of FY26. The company reported a 15% surge in core VET-in-schools partnering revenue to $4.1 million, while cash receipts from school customers jumped 22% to $7.0 million. ReadCloudVET, in particular, is thriving with 92% growth and 385 schools now contracted for 2026. The eBook Solutions division maintained solid momentum with an 89% retention rate and a growing international sales pipeline.

The company's balance sheet has strengthened considerably, with cash climbing to $3.7 million at March 31, 2026—up from $1.9 million six months earlier—and no debt on the books. Revenue across the business grew 6% to $8.5 million, while underlying EBITDA edged up 5% to $2.09 million. ReadCloud decided to exit the industry training sector, with the Southern Solutions wind-down proceeding on schedule and budget. The company expects no impact beyond FY26 from this decision.

Management remains on track to meet full-year targets, including generating positive operating cashflow and achieving over $1 million in underlying EBITDA for FY26. The outlook for FY27 is decidedly positive, with a strong sales pipeline and expectations of accelerated growth ahead.

Invictus Energy Secures Zimbabwe Framework

Invictus Energy Ltd has signed a Petroleum Production Sharing Agreement (PPSA) with the Republic of Zimbabwe, establishing a comprehensive legal and fiscal framework for its Cabora Bassa Project. The agreement includes attractive fiscal incentives such as National Project Status and Special Economic Zone designation, aimed at reducing development costs and accelerating project timelines. The deal also ensures direct participation of Zimbabwe and its citizens in the project's economic success and formalizes the involvement of the Mutapa Investment Fund. With the framework now in place, Invictus is gearing up for the high-impact Musuma-1 exploration well, targeted for the second half of 2026.