Daily Roundup

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Austco Healthcare Bolsters South Australian Presence with MCS Acquisition

Austco Healthcare Limited is expanding its footprint in South Australia through the acquisition of Medical Communications Systems Pty Ltd for approximately $2.88 million. The deal, expected to close in August 2026, includes an upfront cash payment of $2.24 million plus a performance-based earnout of $0.64 million. The certified nurse call reseller is forecast to contribute $1.88 million in net incremental revenue and $0.82 million in incremental EBITDA on a full-year basis, with the acquisition expected to be earnings accretive immediately following completion.

CAR Group Delivers Strong FY26 Results and Confident FY27 Outlook

CAR Group Limited has reported impressive financial performance for the year ended 30 June 2026, with revenue from continuing operations climbing 6% to $1,253 million and profit after tax jumping 14% to $332 million. The company's adjusted net profit rose 8% to $407 million, reflecting solid execution across its diverse global marketplaces. Looking ahead, CAR Group is projecting FY27 revenue growth of 11-14% in constant currency, with adjusted EBITDA growth of 10-13% and adjusted net profit growth of 9-12%. The company attributes its confidence to strong market positions, ongoing AI innovation, and disciplined capital allocation.

Kip McGrath Education Centres Navigates Headwinds with Strategic Refocus

Kip McGrath Education Centres Limited reported mixed results for FY26, with revenue declining 4.3% to $30.1 million, though profit after tax edged up 2.1% to $2.3 million. The revenue contraction stemmed from fewer lessons and unfavourable exchange rate movements, though the company managed to increase average lesson prices by 2.9%. The education provider streamlined operations by reducing its centre count by 20 to focus on higher-value locations and exited its US operations during the year. Net tangible assets per share improved to 4.81 cents, and the company paid a final dividend of 0.5 cents per share.

Corporate Travel Management Secures Major UK Defence Contract

Corporate Travel Management Limited has been awarded a new contract by the UK Ministry of Defence to support the Afghan Resettlement Programme. CTM has served as the exclusive provider since February 2025 and expects to generate approximately £28 million in total transaction value during the first six months of the contract. The revenue remains volume-dependent rather than fixed, and the contract is anticipated to continue until the programme concludes.

Lindian Resources Achieves Full Ownership of SARECO Processing Facility

Lindian Resources Limited has completed its acquisition of the remaining 49% stake in the SARECO Mixed Rare Earths Carbonate processing facility in Kazakhstan, securing 100% ownership of the only operational MREC facility outside China. The transaction, valued at up to US$20 million, is fully funded through the company's recent A$100 million capital raise. The acquisition includes additional land and two commercial facilities totalling approximately 15,500 square metres, creating capacity for future expansion. Lindian is targeting first processing at SARECO in Q4 2026, aligning with first production from its Kangankunde project in Malawi.

Lindian Resources Addresses Media Speculation Over Kangankunde Project

Lindian Resources has clarified inaccuracies in recent media reports regarding its Kangankunde Rare Earths Project. The company confirmed that its mining licence remains valid and in good standing, with operations within all statutory thresholds. Government inspections found no evidence of unauthorised mining, and the project maintains an approved Environmental and Social Impact Assessment. Lindian continues to enjoy positive engagement with government and stakeholders as it works toward first production in Q4 2026. The company's trading suspension on the ASX was lifted on 10 August 2026 following the release of these clarifications.