Daily Roundup

HIT.ASX VYS.ASX WBT.ASX EQR.ASX ANO.ASX

HiTech Group Australia is making a strategic move into new territory with its acquisition of Hudson Global Australia. The company has agreed to purchase the Australian operations and selected business assets from Hudson Global Resources Australia's Administrators for A$7 million upfront. This deal significantly expands HiTech's national footprint beyond its traditional ICT recruitment and consulting services, diversifying its earnings streams and strengthening its government relationships. The transaction will be funded through existing capital, committed debt facilities, and other capital sources, and is expected to be earnings accretive once integrated.

Over at Vysarn Ltd., the numbers are telling a compelling growth story. The company just reported record FY26 net profit before tax of $20.9 million, up a impressive 89% year-on-year. Operational revenue surged 85% to $140.1 million, while EBITDA grew 77% to $28.9 million. The NewGround acquisition is already making an impact, contributing $7.0 million in EBIT to the FY27 base. Looking ahead, Vysarn is positioning itself to leverage this established platform for both organic and inorganic growth, with particular focus on the Kariyarra Water Scheme and selective acquisitions where they can deploy capital without diluting shareholders.

Weebit Nano is raising the bar on its revenue expectations. The advanced memory technology developer has upgraded its FY 2026 revenue guidance to at least A$13.5 million, up from the previous A$12 million forecast. The lift comes thanks to expanding customer projects gaining traction. Full audited results are scheduled for release on 28 August.

In a significant ownership shift, EQ Resources announced that Dr Andrew Forrest AO is acquiring a 16.8% stake from Oaktree. Through his investment vehicle Wonongarra Pty Ltd, Forrest's move signals strong confidence in EQ Resources' position as a leading tungsten supplier into Western supply chains. Oaktree, which has been a cornerstone investor since 2023, supported EQ's acquisition of the Barruecopardo tungsten mine in Spain and expansion of the Mt Carbine operation in North Queensland. The transaction won't disrupt EQ's strategy, operations, or management, and the company remains committed to progressing growth opportunities across both its major assets.

Advance Zinctek Ltd is posting solid gains as demand picks up globally. The company expects to report FY26 profit before tax of $2.294 million, up 13% from $2.029 million in the prior year. Sales revenue climbed 12.65% to $13.111 million. Perhaps more encouraging is the surge in global enquiries the company is fielding, which significantly outpace the prior year's levels—a promising sign for future momentum.