Daily Roundup

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Vysarn Acquires NewGround for Up to $25M and 33M Shares

Vysarn Limited has locked in a binding agreement to acquire NWG Enterprises Pty Ltd, trading as NewGround, a major player in industrial-scale irrigation systems. The deal is structured around up to 33 million Vysarn shares plus $25 million in cash. What makes this particularly attractive for Vysarn shareholders is the expected 25% boost to earnings per share on a pro forma basis. NewGround will operate as a wholly owned subsidiary under a new water infrastructure and facilities management segment, diversifying Vysarn's revenue streams and providing what the company describes as defensive earnings.

Superloop Raises Guidance and Unveils Three-Year Strategy

Superloop Ltd is riding strong momentum, upgrading its FY26 Underlying EBITDA guidance to $118 million to $122 million, up from the previous $112 million to $120 million range. The company also increased capex guidance by $2 million to $34 million to $37 million. This upgrade reflects solid operating performance in the second half of FY26, bolstered by the recently acquired Lightning Broadband, which is expected to contribute around $700k to FY26 results. At an Investor Day, Superloop unveiled its new three-year strategy, SuperCharge29, which focuses on growth, earnings expansion, and shareholder value creation. The company is targeting mid-to-high teens Underlying EBITDA margins by June 2026 and aiming for roughly 15% revenue CAGR and 20% Underlying EBITDA CAGR through FY29.

Megaport Makes Aggressive AI Push with GPU Pool and $827M Entitlement Offer

Megaport Limited is making a bold bet on artificial intelligence infrastructure. The company secured four new AI contracts worth a combined A$458.9 million and is establishing an on-demand GPU Pool backed by A$350 million in investment. To fund these ambitious projects, Megaport is launching a fully underwritten 1 for 3.08 entitlement offer to raise A$827.3 million. The new contracts, expected to kick off in H1 FY27, will require approximately A$369.5 million in capital expenditure for high-performance GPUs, network, and storage infrastructure. The GPU Pool will give enterprise customers access to AI infrastructure through both contracted and consumption-based models. These moves position Megaport to build what it's calling a Globally-Distributed AI Inference Cloud across its network of more than 1,100 connected data centers in 31 countries. The company's pro forma Annual Recurring Revenue jumps to A$662.9M, with the Compute division alone reaching A$385.2M. Network ARR grew 25% year-on-year to A$277.7M, while Network Net Revenue Retention climbed to 113%. Megaport tightened its FY26 revenue guidance to A$307 million to A$315 million. The company remains in trading halt until June 5, 2026, pending the outcome of the institutional component of the entitlement offer.

Pacgold Demerges North Queensland Assets into Manda Resources

Pacgold Limited is splitting off its North Queensland exploration assets—Alice River and St George—into a new entity called Manda Resources Ltd, backed by Emerald Resources NL. Manda plans to acquire Territory Minerals Ltd to build a significant regional footprint in North Queensland. Pacgold shareholders will receive Manda shares in-specie, with one Manda share issued for every 6.76 Pacgold shares held. Manda is targeting an ASX listing via IPO and plans to raise $21 million, with Emerald Resources expected to hold approximately 19.9% post-IPO. The demerger is designed to unlock value for Pacgold shareholders while positioning Manda as a well-funded explorer aiming to establish a premier multi-million-ounce gold exploration hub in North Queensland.

Ampol Gets Green Light for EG Australia Acquisition

The Australian Competition and Consumer Commission has approved Ampol Limited's acquisition of EG Australia, clearing the way for the deal to close on June 30, 2026. The approval comes with a condition: Ampol must divest 41 retail fuel sites to Metro Petroleum to address competition concerns in 39 overlapping local markets. Ampol has opted to cash settle the scrip component of the purchase price, resulting in net cash consideration of approximately $1,115 million. The company is targeting synergies of $65 million to $80 million from the acquisition and expects it to deliver attractive earnings and cash flow per share accretion.