Daily Roundup

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Pro Medicus has signed a Convertible Note agreement with Echo IQ, marking a strategic partnership with potential financial implications. The deal is considered price-sensitive information for investors.

Audinate delivered a strong finish to FY26, with revenue climbing 15% to US$46.0 million while maintaining an impressive 82% gross margin. The digital audio networking specialist expanded its Dante ecosystem significantly, adding 555 new products and securing 137 design wins, bringing the total installed base to over 8 million devices and 5,158 products. The company also launched Iris, a new SaaS-based subscription offering focused on intelligent camera control, following its acquisition of Iris Studio Inc. earlier in the year.

To sharpen its focus and improve profitability, Audinate restructured its operations and workforce. The company is entering FY27 with a strong balance sheet of A$65 million in cash and term deposits, positioning itself well for continued investment. Management expects FY27 gross profit growth to be in line with or slightly ahead of FY26, with operating costs held flat—a combination that should drive meaningful improvement in operating profit.

New Hope Corporation reported a stellar quarter, with ROM coal production reaching 4.7 million tonnes, up 11.3% from the previous quarter. Full-year saleable coal production and sales both exceeded guidance, climbing 7.6% and 11.8% respectively. The company's average realised sales price jumped 10.7% to $155.8 per tonne, translating to underlying EBITDA of $169.3 million for the quarter—a 30.1% increase. The coal producer finished the period with robust liquidity, holding $778.5 million in available cash.

Fiducian Group reported mixed results for the half-year ended 30 June 2026. Revenue grew 7.6% to $96.14 million, but profit after tax fell 27.8% to $13.41 million. The financial services firm maintained its dividend commitment, declaring a final dividend of 28.20 cents per share, fully franked. On the positive side, the company attracted net inflows of $264 million and grew Funds Under Administration to $4.31 billion. Fiducian also revised its dividend payout policy to target 60-80% of underlying net profit after tax going forward.

ZICOM Group faced headwinds in FY2026, with revenue expected to drop 30% to S$94 million, primarily due to the completion of gas processing EPC contracts and political changes in its host country. Net profits after tax are forecast to fall 35% to between S$5.0-5.5 million. Despite the challenging year, the company remains optimistic about future prospects, expecting all business segments to remain profitable as political stability returns.