Daily Roundup

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Pro Medicus and Echo IQ Strike Strategic AI Partnership

Pro Medicus and Echo IQ have signed a binding Heads of Agreement that marks a significant expansion in cardiac AI technology. Under the deal, Pro Medicus will invest an initial A$10 million in Echo IQ through secured convertible notes, with an option for an additional A$10 million contingent on FDA clearance of EchoSolv HF. Beyond the financing, Pro Medicus will become a reseller of Echo IQ's EchoSolv product suite in the United States, leveraging its extensive network to accelerate adoption of AI-powered cardiac diagnostic solutions in the US healthcare market. The partnership is expected to be finalized within 20 business days, with Pro Medicus planning to offer the technology to its Visage 7 Cardiology customers. For Echo IQ, the deal provides significant validation and access to a leading healthcare technology platform, supporting its commercialization strategy.

Orcoda Lands $8 Million Multi-Year Workforce Contract

Orcoda has secured a multi-year workforce logistics and facilities management contract with Wagner Corporation valued at approximately $8 million annually. The contract will be delivered using Orcoda's Contractor360 platform, which automates and optimizes the workforce mobilization process. Set to commence on 1 July 2026 and run through 30 June 2029, the deal validates the platform's proven capability and opens potential future opportunities for Orcoda in the construction, mining, and resources sectors.

Boadicea Resources Expands Copper Footprint in Western Australia

Boadicea Resources has announced the acquisition of the Thaduna and Green Dragon copper deposits in the Neds Creek Project, Western Australia, consolidating its presence in the Murchison Copper Belt. The combined Mineral Resource Estimate totals 5.3 million tonnes at 2.3% copper, representing 121 kilotonnes of contained copper. The acquisition covers approximately 1,378 square kilometers and includes multiple exploration and prospecting licenses. Sandfire Resources will become a substantial shareholder with approximately 6.2% ownership. With a cash position of around $3.2 million supporting the transaction, Boadicea plans to commence exploration drilling in late July 2026, focusing on resource definition and exploration targets. CVA principal Adrian Griffin will join the Boadicea board as a Non-Executive Director upon completion.

Tasmea Forecasts Blockbuster 70% Earnings Growth

Tasmea has released record earnings guidance for FY27, projecting Underlying EBITA of A$202 to A$208 million and Underlying NPATA of A$128 to A$132 million—representing more than 70% year-on-year growth. The forecast is underpinned by a record order book, over 120 Master Services Agreements, and programmatic acquisitions during Q4 FY26. Growth drivers include the full-year contribution from WorkPac and partial-year contributions from Maxim Group and JPS Group, reflecting the company's twin-pillar strategy of organic expansion and strategic acquisitions.

GTN Reports Challenging Year Ahead of Recovery

GTN has provided an earnings update reflecting tough market conditions. The company expects FY26 revenue of $150 to $155 million, down 14 to 17% from the prior year, with Adjusted EBITDA forecasted at $8 to $10 million, down 40 to 52%. However, GTN expects to deliver incremental benefits into FY27, with Adjusted EBITDA forecast to reach $15 to $20 million. The company plans to pay a final FY26 dividend of approximately $10 million, representing a yield of around 29%, and intends to distribute 100% of net profit after tax to shareholders going forward. Closing cash is expected to be $28 to $32 million, with net debt anticipated at $3 to $7 million.