Daily Roundup

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Bravura Solutions lifts FY26 guidance on strong project demand

Bravura Solutions is raising the bar on its full-year outlook, boosting Cash EBITDA expectations to approximately $77 million—well above the previous guidance of $69 million to $73 million. Revenue is expected to land within the previously guided range of $280 million to $285 million. The software and services company credits the improved performance to strong demand for project services and disciplined cost management over the last six months. Group CEO Colin Greenhill highlighted increased project work and stronger renewals as key drivers, with the company also benefiting from a more favorable GBP/AUD exchange rate assumption of 1.92 for the second half, down from the prior 1.95 guidance.

Mesoblast's Ryoncil exceeds revenue expectations

Over at Mesoblast, the company's flagship product Ryoncil is proving to be a real winner. The cell therapy product generated $36 million in net revenue during the fourth quarter and $115 million for the full fiscal year ending June 30, 2026—surpassing initial projections. CEO Dr. Silviu Itescu expressed satisfaction with the strong uptake since launch and expects the momentum to continue into the next fiscal year, particularly across major U.S. pediatric centers. The company's robust capital position, bolstered by revenue growth and a new five-year facility, is enabling strategic initiatives aimed at label extensions and blockbuster product development.

Rural Funds Group offloads $255.6m in assets

Rural Funds Group is making strategic moves to right-size its balance sheet. The group has sold five assets for a combined $255.6 million, representing an impressive 22.7% premium to book values as of December 31, 2025. The proceeds will be applied to reduce gearing to 31.6% from 39.1%, bringing the company comfortably within its target range of 30-35%. Settlements are expected to occur predominantly in the first half of 2027, with the company reaffirming its FY26 forecast distribution of 11.7 cents per unit. The sales also satisfy a condition precedent to increase the guarantee to J&F Australia Pty Ltd from $160 million to $200 million.

Elevra Lithium ramps up production

Elevra Lithium's North American Lithium operation in Québec is firing on all cylinders. The company produced approximately 54,479 dry metric tonnes of spodumene concentrate in the June quarter—a 15% increase from the prior quarter and the second-highest quarterly output on record. Sales volumes reached 33,977 dmt at an average realised price of $919 per dmt. While current pricing sits below spot market rates due to contractual lagged pricing mechanisms reflecting older market conditions, the company expects future realised pricing to align more closely with prevailing spot prices.

NEXTDC bolsters firepower with $2.3bn debt facility

Data center operator NEXTDC is expanding its financial muscle. The company has entered into binding documentation for new senior debt facilities totaling A$2.3 billion, up from the previously announced A$1.8 billion. The increase reflects strong support from a syndicate of domestic and international banks and comes on the back of the company's recent record increase in contracted utilisation. The new facilities will support capital expenditure requirements and general corporate purposes, with financial close expected in mid-July. Once complete, NEXTDC's total available senior debt facilities will reach A$8.7 billion.