Daily Roundup

CGF.ASX CAR.ASX BVS.ASX DES.ASX SSH.ASX

Challenger Confirms Discussions on Pepper Money Acquisition

Challenger Limited (ASX: CGF) has confirmed it has been engaging in discussions to potentially partner with Pepper Group to acquire Pepper Money. The proposed transaction would provide Challenger strategic access to fixed income assets to support its growth and returns. Challenger is committed to disciplined capital allocation and has no intention to raise equity for the potential deal.

CAR Group Delivers Excellent H1 FY26 Results

CAR Group reported excellent financial results for the first half of FY26, with strong growth across key metrics. Proforma revenue increased 12% in constant currency to $626 million, while proforma EBITDA grew 12% to $339 million. Adjusted NPAT also rose 11% in constant currency to $197 million. The company's global portfolio and leading market positions continue to drive robust performance. Looking ahead, CAR Group expects to deliver excellent growth in FY26, with proforma revenue growth of 12-14% and proforma EBITDA growth of 10-13% in constant currency.

Bravura Solutions Upgrades FY26 Guidance

Bravura Solutions Limited (ASX: BVS) has upgraded its FY26 guidance, with revenue expected between $280 million and $285 million and cash EBITDA between $69 million and $73 million. The key drivers are increased project engagement with customers and well-managed costs. Bravura also confirmed it will announce its 1H26 results on 11 February 2026.

DeSoto Resources Expands Exploration in Guinea

DeSoto Resources Limited (ASX: DES) has acquired three new reconnaissance authorisations in Guinea's Siguiri Basin, expanding its portfolio to 17 projects. The company is undertaking exploration programs including geochemical surveys to generate new targets, with follow-up work planned on its maiden drilling results at Dadjan and Tolé.

SSH Group Secures Pre-Mining Contracts for Gold Duke Project

Western Gold Resources Limited (ASX: WGR) has executed key pre-mining contracts to advance the Gold Duke Project. SSH Mining Australia, a subsidiary of SSH Group Ltd (ASX: SSH), has been appointed as the Mine Operator and awarded contracts for site establishment works. WGR has also contracted for the construction of a dedicated water supply to support mining activities.