Daily Roundup

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Xreality Group Ltd is firing on all cylinders with its FY26 results, posting a 43% jump in total income to $20.0 million while narrowing its net loss to just $0.1 million from $3.1 million a year earlier. The real standout is Operator XR, the company's portable immersive training system, which expanded its global customer base by 76% to 118 clients. That's translating into serious pipeline momentum—the qualified sales pipeline hit $80.4 million. EBITDA surged to $3.8 million from $0.6 million, and the company secured some heavyweight contracts including a $5.7 million deal with the Texas Department of Public Safety and its first European contract with the Swedish Armed Forces. Management is optimistic heading into FY27, eyeing larger defence programs and further international expansion.

Verbrec Ltd is also delivering impressive growth, with revenue from continuing operations jumping 52% to $118.5 million in FY26. The company more than doubled its net profit after tax from continuing operations to $4.2 million, while adjusted EBITDA climbed 47% to $8.7 million. Work in hand—a key indicator of future revenue—surged 77% to $78 million. The company's reaffirmed FY27 guidance suggests momentum will continue, with expected revenue between $140 million and $160 million and adjusted EBITDA between $10 million and $12 million. This growth is being driven by strategic acquisitions and improved operational efficiency across the business.

AML3D Ltd hit a major milestone by turning profitable in the second half of FY2026, posting record revenue of $12.5 million—a 70% year-on-year jump. The company achieved $608,000 in EBITDA during the second half and boasts a healthy cash position of $26.7 million. With an order book of $29 million and $16.8 million rolling into FY2027, the company has solid visibility on near-term revenue. The global sales pipeline stands at an impressive $78 million. AML3D has successfully diversified into the UK Defence market and high-value US industrial sectors, and management plans to double US capacity with a $12 million investment in the year ahead.

BetMakers Technology Group Ltd is showing real operational discipline paying off. Revenue grew 8.8% to $92.6 million, but the real story is the margin expansion—adjusted EBITDA surged 205% to $14.1 million, and adjusted gross margin improved to 66.9%. Operating expenses fell 6.0% to $49.4 million, demonstrating the company's focus on cost management alongside growth. Strong operating cash flow of $5.0 million underscores the quality of earnings. Management is targeting further growth in FY27 through technology innovation and continued operational efficiency.

4DS Memory Ltd is making a strategic move to expand its capabilities. The company has agreed to acquire Jenesys, a software specialist in Edge-AI and autonomous systems, for up to $5 million. The deal combines 4DS's PCMO-based resistive memory technology with Jenesys's software expertise to create an integrated hardware-software platform for computing-in-memory and neuromorphic computing applications. Jenesys's CEO, Jaspal Sarai, will join 4DS's board upon completion. The transaction, expected to close in October 2026, will be funded through a rights issue and placement to professional investors. 4DS's securities have been reinstated on the ASX following the announcement.