GQG.ASX KCN.ASX AAR.ASX HZN.ASX LYC.ASX

A Busy Day in the Markets: Key Announcements from ASX Companies

GQG Partners Sees Net Outflows, but Maintains Strong Asset Base GQG Partners Inc reported Funds Under Management (FUM) of US$163.9 billion as at 31 December 2025, down from US$153.0 billion a year earlier. This decrease was due to net outflows of US$3.9 billion for the year, which were partially offset by positive investment performance of US$14.8 billion. For the month of December 2025, the company experienced net outflows of US$2.1 billion. Despite the outflows, GQG's management fees continue to make up the vast majority of its net revenue, rather than performance fees. The company's management team remains highly aligned with shareholders and clients, and is focused on GQG's future.

Kingsgate Consolidated Delivers Strong Q4 Production, Maintains FY26 Guidance Kingsgate Consolidated Limited (ASX: KCN) has announced robust Q4 FY25 production results, with 20,957 ounces of gold and 157,542 ounces of silver produced during the quarter. This marks the fourth consecutive quarter of over 20,000 ounces of gold production and brings the total production for the first half of FY26 to 44,879 ounces of gold and 363,382 ounces of silver. The company's total cash, bullion and doré for the quarter totaled A$179m, representing a ~56% increase from the September 2025 quarter. Kingsgate's Managing Director and CEO, Jamie Gibson, stated that the company is well positioned and focused on delivering a stronger second half.

Astral Resources Provides Quarterly Update, Announces Capital Raising Astral Resources NL (ASX: AAR) reported on its activities during the quarter ended 31 December 2025. The company continued to progress the Mandilla Project, completing significant drilling programs at the Mandilla Gold Project and reporting assay results with multiple high-grade gold intersections. Astral also signed a Letter of Intent for a Development Partnership/Joint Venture on the Think Big Gold Deposit and executed a Land Use Agreement with the Marlinyu Ghoorlie Native Title Claimant Group. On the corporate front, Astral announced a two-tranche placement to raise approximately $65 million and received $5 million from the exercise of listed options.

Horizon Oil Approves FID for Nam Phong Booster Compressor Project in Thailand Horizon Oil Limited (ASX: HZN) has announced that the Nam Phong Joint Venture has reached Final Investment Decision (FID) on the Nam Phong Booster Compressor Project in Thailand. The project will see the installation of a refurbished gas engine-driven compressor, which is expected to increase field output by at least 40% once operational in mid-2026. The project is expected to deliver strong returns, with rapid payback and a material uplift in gas production rates and volumes. Horizon's share of development costs will be less than US$1.5 million, which will be funded using the company's existing cash reserves and field production revenue.

Lynas Rare Earths CEO Amanda Lacaze to Retire After 12 Years Lynas Rare Earths Ltd (ASX: LYC) has announced that Chief Executive Officer and Managing Director Amanda Lacaze will retire after 12 years in the role. The Board has initiated a search process to select a new CEO to lead the company through its next stage of growth, considering both internal and external candidates. Ms Lacaze will remain with the company until the end of the current financial year to enable a smooth transition. Board Chair John Humphrey praised Ms Lacaze's outstanding contribution to Lynas and the rare earths industry, noting the company's significant growth under her leadership.