Daily Roundup

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Energy One Limited has kicked off a new chapter under CEO Ben Tranier, who took the helm in March. In his first market update, Tranier highlighted how the growing complexity of global energy markets—particularly the two-sided power price volatility sweeping across Europe and Australia—is driving strong demand for the company's integrated software platform. The sales pipeline remains robust, with Tier 1 customers showing solid engagement across battery storage solutions, industrial energy management, and automated workflows.

However, there's a slight catch. Billed annual recurring revenue (ARR) for FY26 is expected to grow by 13%, which falls a touch short of earlier projections. The company attributes this to timing delays with two large multinational industrial customers on project commencements. Energy One will also absorb roughly $0.5 million in CEO transition costs and $0.8 million in accelerated share-based payments related to former CEO Shaun Ankers, who's now moved into a Non-Executive Director role. Despite these headwinds, the company is pressing ahead with two strategic initiatives: refining its long-term product direction and weaving AI into its mission-critical energy workflows. Management is also actively hunting for acquisition opportunities that fit its disciplined growth strategy.

IPD Group is firing on all cylinders. The company expects FY26 EBITDA to land between $54.5 and $55.3 million, representing an 18% jump from the prior year. Revenue growth is being fueled by strong performance across its core business and acquisitions, with data centre revenues particularly impressive—up 25%. Gross profit margins are holding steady, while operating expenses have tightened, positioning the company well for continued momentum.

Comet Ridge has restructured its Mahalo Gas Project acquisition to navigate recent market uncertainties stemming from the Federal Government's gas reservation policy. The company has reduced the upfront cash component and pushed the completion date back three months to August 2026, giving itself more breathing room to secure funding. An additional $30 million payment is contingent on hitting gas sales milestones. Once the deal closes, Comet Ridge will own the Mahalo Gas Hub outright, unlocking strategic benefits like increased reserves and full control over development decisions. Trading in Comet Ridge's securities, which had been suspended, was immediately reinstated following the announcement.

GR Engineering Services has landed a major contract. The engineering firm secured a $229 million EPC (engineering, procurement, and construction) deal for the Tower Hill Gold Project, building on its earlier appointment as Preferred Contractor. Managing Director Tony Patrizi expressed confidence in the collaboration with Genesis Minerals, pointing to GR Engineering's track record in the minerals sector and the project's anticipated production rate of 3.5 to 4.0 million tonnes per annum.

Findi Ltd has adjusted its FY26 expectations following a challenging period marked by integration costs and working capital delays. Total operating revenue is now expected to come in at $83.0 to $91.6 million, down from the prior guidance of $100 to $105 million. Operating EBITDA is also expected to miss earlier targets, with adjusted EBITDA anticipated at $8 to $10 million. The good news? A $25 million equity raise completed in May has stabilized the working capital position and sparked material operational improvements across all business units in April and May. Findi remains on track for its FY27 Indian IPO and Payments Bank status, with quarterly updates set to resume in July.