Daily Roundup

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8common's Expense8 platform has secured a significant government contract, landing a three-year deal with the Australian Taxation Office valued at $1.95 million including GST. The contract covers SaaS, transaction, and related services, and comes with options to extend for three additional one-year periods. With over 20,000 ATO users set to come on board, this deployment represents a meaningful expansion for Expense8, which already serves 50,000 users across federal government agencies. The broader 8common ecosystem now spans more than 190 government entities with over 195,000 users, cementing its position as a key player in the public sector software space.

Netwealth is making waves in the wealth management sector with an expanded platform agreement for Morgan Stanley Wealth Management Australia, broadening its reach into stock broking and private wealth management. The fintech company reported solid momentum in FY26, with net flows hitting $15.4 billion, and it's projecting even stronger performance ahead. For FY27, Netwealth expects net flows between $18 billion and $20 billion, with an anticipated EBITDA margin of around 47%. The company's long-term ambition is ambitious—doubling its Funds Under Administration over the next four years while pushing EBITDA margins toward 50% as scale benefits kick in.

On the resources front, iron ore producer Fenix Resources is firing on all cylinders. The company delivered a record June quarter with 1.3 million wet metric tonnes shipped—a 33% jump from the previous quarter—and successfully hit its full-year FY26 guidance of 4.4 million wmt. Looking ahead, Fenix is targeting FY27 iron ore sales between 4.7 and 5.3 million tonnes, with cash costs expected to land between A$70 and A$80 per wet metric tonne. The company's balance sheet looks healthy too, with A$81 million in cash on hand as of June 30.

Gold producer Bellevue Gold is also performing strongly, beating the midpoint of its production guidance in the June quarter with 41,643 ounces of gold produced at an average head grade of 4.5 grams per tonne. Full-year FY26 production came in at 144,000 ounces recovered and 143,000 ounces poured, placing it comfortably in the upper half of its 130,000 to 150,000 ounce guidance range. The company's financial position has strengthened considerably, with cash and gold on hand climbing to $206.4 million at quarter-end. Notably, Bellevue has reduced its forward gold sales commitments by 23,000 ounces to 68,700 ounces, with no contractual deliveries required until June 2027.

Kina Securities Ltd is guiding for solid earnings growth, forecasting full-year net profit after tax between PGK132 million and PGK138 million for FY2026—a 15 to 20 percent increase from the prior year's PGK114.6 million. The Papua New Guinea-based financial services company is benefiting from sustained revenue momentum across its target segments, though it's contending with headwinds from lower yields, increased competition, and currency depreciation. The company expects some delayed growth in its payment acquiring business due to interoperability issues, but anticipates those challenges to be resolved by the end of the second half of 2026.