Daily Roundup

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Vysarn makes a major play in water infrastructure with NewGround acquisition

Vysarn Limited has agreed to acquire NewGround, a market leader in industrial-scale irrigation systems, in a deal valued at up to 33 million shares and $25 million in cash. The acquisition is expected to be approximately 25% earnings per share accretive to Vysarn shareholders, providing the company with diversified sector exposure and defensive earnings streams. NewGround will operate as a wholly owned subsidiary under a new water infrastructure and facilities management segment.

Superloop riding strong momentum with upgraded guidance

Superloop Ltd is in growth mode following a stellar performance in the second half of FY26. The company has upgraded its Underlying EBITDA guidance to $118 million to $122 million, up from the previous range of $112 million to $120 million. The uplift reflects strong operating performance and the contribution from Lightning Broadband, which Superloop acquired for $165 million and is expected to add approximately $700k to FY26 earnings. Capex guidance has also increased by $2 million to $34 million to $37 million. The company is hosting an Investor Day to unveil SuperCharge29, its new three-year strategy focused on growth, earnings expansion, and shareholder value creation. Net new customer additions have been robust, with 86,000 new customers added in Q3 and 28,000 in Q4, while the company has also launched a new wholesale brand called neoloop.

Megaport's ambitious AI infrastructure push

Megaport Limited is making a significant bet on artificial intelligence infrastructure. The company has secured four new AI contracts with a combined total contract value of A$458.9 million and is establishing an on-demand GPU Pool backed by A$350 million in investment. To fund these initiatives, Megaport is launching a fully underwritten 1 for 3.08 pro rata accelerated non-renounceable entitlement offer to raise A$827.3 million. The new contracts are expected to commence in the first half of FY27 and will require approximately A$369.5 million in capital expenditure for high-performance GPUs, network, and storage infrastructure. The GPU Pool will give enterprise customers access to AI infrastructure through both contracted and consumption-based commercial models. These moves are part of Megaport's strategy to establish a globally distributed AI inference cloud leveraging its footprint of more than 1,100 connected data centers across 31 countries. The company's pro forma annual recurring revenue has increased to A$662.9M, while FY26 revenue guidance has been tightened to A$307 million to A$315 million. Megaport remains in trading halt until June 5, 2026, pending the outcome of the institutional component of its entitlement offer.

Pacgold unlocks value through North Queensland demerger

Pacgold Limited is pursuing a strategic demerger of its North Queensland exploration assets into Manda Resources Ltd, an entity backed by Emerald Resources NL. The demerger will transfer Pacgold's Alice River and St George projects to Manda, which also intends to acquire Territory Minerals Ltd to consolidate a significant regional footprint. Eligible Pacgold shareholders will receive Manda shares in-specie, with one Manda share issued for every 6.76 Pacgold shares held. Manda plans to raise $21 million via an IPO and seek ASX listing, with Emerald Resources intending to hold approximately 19.9% post-IPO. The move aims to unlock value for Pacgold shareholders while positioning Manda as a well-funded explorer with significant exploration and resource growth potential in North Queensland.

Ampol clears regulatory hurdles on EG Australia deal

Ampol Limited has received approval from the Australian Competition and Consumer Commission (ACCC) for its acquisition of EG Australia. The deal, conditional on Ampol divesting 41 retail fuel sites to Metro Petroleum, is expected to complete on June 30, 2026. Ampol has chosen to cash settle the scrip component of the purchase price, resulting in net cash consideration of approximately $1.115 billion. The ACCC had raised competition concerns in 39 local markets where Ampol and EG Australia sites overlap, making the divestiture necessary to maintain competitive dynamics. Ampol anticipates the acquisition will deliver attractive earnings and cash flow per share accretion metrics, with targeted synergies of $65 million to $80 million.