Daily Roundup

Change Financial Ltd is firing on all cylinders as it enters FY27. The fintech company swung to positive net cash flow of A$0.3m in the first quarter, a notable milestone for the business. More impressively, its Platform-as-a-Service revenue hit a record A$3.2m, climbing 26% from the previous quarter. The growth is being fueled by explosive adoption of its card platform—active cards surged 92% quarter-on-quarter. With two new PaaS clients already signed and four more in final contracting negotiations, the company is well-positioned for expansion. Management reconfirmed its full-year guidance for positive net cash flow, while also pushing ahead with commercializing its Paysim product.

Over at Resmed Inc, the healthcare technology giant delivered a solid quarter. Revenue climbed 6% to $1.4 billion, or 7% when adjusting for currency fluctuations and excluding one-time items. Earnings per share painted an even rosier picture—GAAP diluted EPS jumped 23% to $2.92, while the non-GAAP measure rose 14% to $2.91. The company's commitment to returning capital to shareholders remained unwavering, with more than $1 billion distributed through buybacks and dividends during the quarter. Looking ahead, management guided for full-year revenue between $5.75 billion and $5.85 billion, with non-GAAP diluted EPS expected to land between $12.00 and $12.25.

Resmed also announced a dividend of USD 0.066 per share for Australian investors holding Chess Depositary Interests. The payment will arrive on December 17, 2026, with an ex-date of November 11. To ensure shareholders receive consistent dividend treatment across its US and Australian registers, the company deferred conversions between the two registers from November 11 through November 12, avoiding any potential complications with dividend entitlements.

Xreality Group Ltd is expanding its footprint, particularly in the United States. The augmented reality and counter-drone technology company grew its global customer base to 132—a 12% jump from the previous quarter and 65% higher than a year ago. Annual recurring revenue reached $8.8m, up 10% sequentially and 46% year-over-year. The real headline, though, is the company's breakthrough with the US military. Xreality secured its first Marine Corps order for OP-2 Interceptor counter-drone training systems, following successful demonstrations. Fresh contracts also came through from Miami Beach Police, the Federal Reserve Bank, and the US Air Force. Meanwhile, the company made a strategic exit from its entertainment VR business, shuttering all FREAK venues to focus on its core defense and security offerings.

Coles Group Limited navigated a competitive retail landscape in its first quarter. Supermarket sales grew 3.6% to $10.3 billion, buoyed by a standout eCommerce performance—online sales jumped 22.9%. Exclusive to Coles products proved popular, with sales climbing 4.3% and premium Coles Finest items surging 13.3%. The liquor division faced headwinds, declining 1.3%, though convenience formats showed promise. On the loyalty front, Flybuys engagement strengthened considerably, with swipe rates climbing 110 basis points and redemptions rising 16%. Management expects first-half supermarket earnings before interest and tax to match the prior year, though it acknowledged that cost-of-living pressures and aggressive competitor promotions continue to shape customer behavior.

Reece Ltd reported a solid start to FY27 with sales revenue of A$2,510 million, up 4.3% year-over-year. The building and plumbing supplies distributor saw particularly strong momentum in its ANZ division, where sales jumped 12.8%, while the US business grew a more modest 5.6%. CEO Peter Wilson flagged caution heading into the second half, citing a complex macroeconomic environment and softening conditions in the US residential construction market. However, he remained upbeat about ANZ's trajectory through the first half of the year.