Daily Roundup

EOL.ASX KME.ASX ABV.ASX RTH.ASX PLS.ASX

Energy One Ltd has hit the pause button on trading as the company prepares to make a significant announcement. The halt came after news surfaced of a non-binding indicative offer for a change of control proposal. Trading will remain suspended until either the company releases its announcement or normal trading resumes on August 3, 2026, unless the ASX decides otherwise. The company is keeping its cards close to the chest for now, but shareholders should expect clarity soon.

Over in the education sector, Kip McGrath Education Centres is also facing a trading pause following some major corporate activity. The company has received an unsolicited takeover approach from Crimson Consulting Australia, which has tabled an offer of A$0.73 per share. That represents a hefty 62.2% premium over the last closing price, and it's not subject to financing conditions. Crimson Consulting has already secured a pre-bid acceptance agreement with substantial shareholder Pie Funds Management, though the offer does require a 90% minimum acceptance rate to proceed. The KME board is currently reviewing the proposal and will provide its recommendation to shareholders in due course, but for now they're advising shareholders to sit tight and take no immediate action.

On a brighter note, Advanced Braking Technology has been firing on all cylinders. The company delivered record quarterly revenue of $6.2 million in the fourth quarter of FY26, marking a 10.7% jump from the same period last year. For the full year, revenue hit $23.5 million, up 22.7% compared to FY25. Even more impressive, normalised net profit before tax for Q4 surged 81% to $652,000. The company also achieved record gross margins of 50.7%, up from 47.4% previously. Managing Director Andrew Booth credited strong demand for safety-critical braking solutions and disciplined execution, with particular momentum building across domestic and international markets. The company is also making solid progress on its innovation pipeline, especially with its autonomous braking solution BRAKEiQ, while expanding its footprint in North America, Africa, and Asia-Pacific.

RAS Technology Holdings has inked a fresh deal with Tabcorp worth A$9.1 million plus indexation over four years. The new agreement, which kicks off on July 1, 2026, will see RAS supply market-leading data and content—including its Fast Form service—to support Tabcorp's digital, retail, and vision assets. Annual fees come to A$2.27 million, subject to CPI indexation capped at 5% per annum. This builds on a previous agreement signed back in May 2023 and represents an expansion of the partnership.

Pilbara Minerals wrapped up a stellar financial year with record production and sales across FY26. The lithium producer achieved a 17% increase in both production and sales compared to the prior year, while also hitting its FY26 guidance targets for unit operating costs and capital expenditure. The June quarter alone saw revenue jump 31% to A$743 million, driven by record quarterly sales of 249.9 kilotonnes and a 13% increase in average realized pricing to US$2,107 per tonne. Cash margin from operations climbed 26% to A$579 million for the quarter, with full-year cash margin reaching A$1,356 million. The company's cash position strengthened considerably, jumping 57% during the quarter to A$2,290 million following proceeds from its inaugural US$600 million bond issuance. Looking ahead, Pilbara Minerals is guiding for FY27 production of 1,030 to 1,100 kilotonnes, with unit operating costs of A$575 to A$625 per tonne and capital expenditure of A$620 to A$685 million. The Ngungaju plant restart is progressing on schedule, while feasibility studies for the P2000 and Colina projects continue to advance.