Daily Roundup

SDR.ASX AUB.ASX MAD.ASX ACE.ASX ANG.ASX

SiteMinder Shows Strong Momentum With Nearly Doubled Profitability

SiteMinder delivered impressive FY26 results that signal the hospitality software company is hitting its stride. Annual recurring revenue climbed 24.1% to $313.7 million, while revenue grew 22.0% to $266.1 million on a constant-currency basis. The real standout was adjusted EBITDA, which nearly doubled—surging 96.5% to $28.1 million with margins expanding to 10.6%.

What makes this particularly noteworthy is that SiteMinder achieved this performance despite headwinds from geopolitical uncertainty and a strengthening Australian dollar. The company's Smart Platform strategy is clearly resonating, with Dynamic Revenue Plus and Channels Plus driving significant contributions. Adjusted free cash flow more than doubled to $10.5 million, and the company's customer lifetime value to acquisition cost ratio improved to a healthy 6.6x.

Looking ahead, management expects adjusted EBITDA margins to expand meaningfully in FY27 and reach the mid-20s by FY30, with ARR growth expected to remain in the 20s. The company is entering a phase focused on accelerating operating leverage while maintaining strong growth through efficiency gains and continued platform adoption.

Insurance Broker AUB Group Expands Internationally With Prestige Acquisition

AUB Group posted solid FY26 results, with underlying revenue up 6% to $1.24 billion and underlying net profit after tax climbing 12% to $224.6 million. The insurance and risk management company's EBIT margin expanded by 140 basis points to 36.1%, reflecting operational improvements across its divisions.

The International division led growth with a 19.6% increase in underlying profit before tax, while BizCover and Australian Broking divisions contributed 19.9% and 10.0% growth respectively. The company also bolstered its international footprint by acquiring Prestige in the UK, a move designed to strengthen its position in the United Kingdom and broaden its broking and underwriting capabilities.

AUB's financial position remains robust, with net debt at $1.099 billion and a leverage ratio of 2.30x. The board declared a final dividend of 71 cents per share, bringing total FY26 dividends to 98 cents—a 7.7% increase. For FY27, management guided underlying NPAT in the range of $245 million to $265 million, representing growth of 9% to 18%.

Mader Group Hits Record Revenue While Investing for Future Growth

Mader Group achieved record annual results with FY26 revenue of $1.001 billion, a 15% increase from the prior year. Net profit after tax also grew 15% to $65.4 million, with the Australian segment leading the charge at 16% revenue growth, followed by North America at 12%.

The company hit its medium-term net cash target, closing FY26 with net cash of $35.7 million. Notably, the board decided to forgo a dividend for FY26 to support long-term growth initiatives. For FY27, Mader expects revenue of at least $1.13 billion and NPAT of at least $72.5 million, with strong customer demand and an expanded service offering supporting the outlook.

Acusensus Accelerates International Expansion With 45% Revenue Jump

Road safety technology company Acusensus reported a standout FY26 with revenue surging 45% to $86.2 million, well ahead of guidance. The company achieved a gross profit margin of 42.0% and adjusted EBITDA of $8.5 million, up 49% year-over-year.

International operations were the growth engine, with an 8x increase in international gross profit driven by successful nationwide mobilization of mobile speed camera programs in New Zealand and the United States. The company also expanded Australian operations and launched its Forsite business segment focused on predictive safety. With $26 million in cash on hand and a strong contract pipeline worth $494 million, Acusensus is well-positioned for FY27, which is set to surpass $100 million in revenue.

Austin Engineering Navigates Challenging Year, Eyes Recovery

Austin Engineering faced a difficult FY26, with revenue declining 12.7% to $329.0 million and EBITDA falling 53.6% to $19.3 million. The company grappled with operational challenges and legacy contract losses across North America, South America, and Indonesia, though Australian operations showed improvement.

The silver lining is that Austin has secured additional orders worth $32 million since July 2026. Management expects FY27 underlying EBIT to land between $17 million and $21 million as operational resets take hold and new customer wins materialize. The company is banking on continued improvements across all regions to drive a recovery.