Daily Roundup

TNE.ASX KNB.ASX CZN.ASX DTZ.ASX IVX.ASX

Technology One Delivers Record Results as AI Strategy Gains Traction

Technology One has capped off a stellar half year with its 17th consecutive first-half record, posting a profit before tax of $89.1 million, up 9% from the prior period. The company's annual recurring revenue climbed to $598 million, representing a robust 17% increase that underscores the strength of its SaaS+ strategy.

The standout performer has been the company's newly launched AI products, which have already exceeded internal expectations. This momentum, combined with strong customer wins in local government and education, has driven net revenue retention to an impressive 114%—a benchmark that puts Technology One well ahead of industry peers. The company's balance sheet remains fortress-like, with no debt and substantial cash holdings providing a solid foundation for continued investment.

Management has reaffirmed its upgraded FY26 guidance, targeting profit growth between 18% and 20%, with ARR expected to expand 16% to 18%. Looking further ahead, Technology One is eyeing $1 billion in total ARR by FY30, a target that feels increasingly within reach given current trajectory. The board has also signaled confidence through a 21% increase in the interim dividend to 8.0 cents per share, rewarding shareholders while maintaining capital discipline.

Mining Sector Sees Strategic Moves and Exploration Wins

Koonenberry Gold has bolstered its NSW exploration footprint through the acquisition of the Gundagai Gold-Copper Project from Gilmore Minerals. The deal brings four contiguous tenements featuring eye-catching rock chip results, including grades up to 386g/t Au and 27.05% Cu. The project sits within the prolific Lachlan Fold Belt and integrates seamlessly with Koonenberry's existing portfolio, creating a commanding ground position for future drilling campaigns.

The acquisition also marks a leadership transition at Koonenberry, with Dan Power stepping down as Managing Director after four years at the helm. Paul Harris will take on the role of Executive Chairman, while Darren Glover assumes the position of Executive Technical Director. The board believes this expanded executive involvement will position the company well for its next growth phase, particularly as it ramps up exploration across its enlarged asset base.

Corazon Mining has had a transformative week, announcing both successful exploration results and a transformational acquisition. The company's maiden diamond drilling program at Two Pools intersected gold mineralisation in all four holes, confirming a coherent orogenic gold structural architecture. A substantial pegmatite dyke, measuring 25-40 metres thick, was also identified and remains open in multiple directions—potentially acting as a fluid-focusing structure with mineralisation potential beyond gold alone.

Building on this momentum, Corazon has acquired the Chalice Gold Project from Westgold Resources for approximately A$25.7 million. The asset hosts a JORC 2012 mineral resource of 191,000oz at 2.7 g/t Au and sits in the prolific Higginsville district of Western Australia. Westgold will retain a ~19.9% stake in Corazon post-completion, aligning interests as the company embarks on a planned 15,000-metre drilling campaign to extend known mineralisation. To fund the acquisition and growth initiatives, Corazon is raising approximately A$16.5 million through a capital placement. The deal is expected to close in late June 2026, subject to shareholder approval.

Leadership Changes and Capital Raises Across Smaller Caps

Dotz Nano has announced a leadership transition with Sharon Malka stepping down as CEO and transitioning to a Non-Executive Director role. Nati Harpaz, an existing shareholder with extensive experience scaling technology businesses, will assume the CEO role effective 31 May 2026. The timing coincides with a private placement raising A$3.3 million to support operational ramp-up, production scale-up, and pilot deployments. Harpaz has also invested further in the company, signalling confidence in the turnaround strategy. The placement comprises 82.1 million shares at A$0.04 each, along with free options exercisable at A$0.07.

Invion Enters Ophthalmology With SANGMYUNG Partnership

Invion has expanded the reach of its Photosoft platform through a collaboration with SANGMYUNG Innovation to explore applications in retinal vascular diseases, including wet age-related macular degeneration (wet AMD). SANGMYUNG will fund and conduct preclinical studies using Invion's compounds, while Invion retains all technology rights. This marks the company's first venture into ophthalmology, targeting a substantial and growing market driven by an aging global population and persistent unmet medical needs.