Daily Roundup

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Change Financial delivers strong growth momentum

Change Financial Ltd is riding high after delivering on its upgraded guidance for FY26. The fintech company posted revenue of US$18.2 million (A$26.0 million), up 21% year-on-year, while underlying EBITDA surged 17 times to US$3.3 million. The standout performer has been its Australian and New Zealand PaaS business, which is firing on all cylinders heading into FY27. Looking ahead, the company expects to turn net cash flow positive next year and plans to switch its reporting currency to AUD from July 1, 2026.

Telix Pharmaceuticals keeps the momentum rolling

Over at Telix Pharmaceuticals, the pharmaceutical company is showing impressive traction across its business. Q2 2026 revenue hit US$247 million, up 7% quarter-on-quarter and 21% year-over-year, with its Precision Medicine division particularly strong at US$202 million—up 9% QoQ and 30% YoY. The company is on track to exceed US$1 billion in revenue for the full year. On the pipeline front, the FDA has given the green light for safety data on the ProstACT Global Phase 3 trial, clearing the way for Part 2 to progress in the U.S. The BiPASS Phase 3 study is also nearing the finish line on patient enrollment. Adding to the excitement, Telix announced a strategic collaboration with Regeneron to develop next-generation radiopharmaceutical therapies. The company has updated its R&D spending guidance to US$230 million to US$270 million for the year.

HUB24 smashes net inflows record

Wealth platform HUB24 is celebrating a stellar year with record-breaking net inflows. The company pulled in US$4.2 billion during Q4 FY26 alone, bringing its full-year tally to a record US$18.9 billion—up 20% from the prior year. Total funds under administration now sit at US$164.3 billion, a 20% jump year-on-year. The platform has also topped the rankings for both quarterly and annual net inflows, while scoring the highest Net Promoter Score in industry surveys. The strong performance reflects solid demand for financial advice, underpinned by Australia's demographic trends and compulsory superannuation system.

NEXTDC expands data centre capacity

Data centre operator NEXTDC has secured fresh customer wins that are expanding its footprint. Pro forma contracted utilisation jumped 11% to 740MW as of June 30, 2026, adding 73MW to the company's capacity. More importantly, the forward order book has grown to 565MW, which should convert into revenue and EBITDA between now and FY30. The company's FY26 financial guidance remains on track.

FENIX Resources caps off a record year

Iron ore miner FENIX Resources wrapped up FY26 on a high note, posting record performance across mining, haulage, and shipping. The company shipped 1,299k tonnes during the June quarter and hit its full-year production target of 4.4 million tonnes. With C1 cash costs sitting at A$73.7 per tonne—at the lower end of guidance—and a healthy cash balance of A$81 million, FENIX is well-positioned for growth. The company has also completed approvals for the Beebyn-W10 project and established the Beebyn Hub as its primary production centre. For FY27, FENIX is guiding for iron ore sales of 4.7 million to 5.3 million tonnes at C1 cash costs of A$70 to A$80 per tonne. A new partnership with Mira Bulk should help the company target lower shipping costs going forward.