Daily Roundup

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Change Financial Delivers Strong Growth, Eyes Cash Flow Positivity

Change Financial Ltd wrapped up FY26 with impressive momentum, posting revenue of US$18.2 million (A$26.0 million), up 21% from the prior year. Even more striking was the company's Underlying EBITDA, which surged 17 times to reach US$3.3 million (A$4.7 million). The fintech firm's Australian and New Zealand PaaS business continues to be the engine driving this growth, with both existing and new clients expected to fuel expansion into FY27. Looking ahead, the company is making a strategic shift to report in Australian dollars starting July 1, 2026, and management expects to reach net cash flow positivity next year.

Telix Pharmaceuticals Hits the Gas on Revenue and Pipeline

Telix Pharmaceuticals delivered a robust Q2 2026, with group revenue climbing to US$247 million—up 7% quarter-over-quarter and 21% year-over-year. The standout performer was its Precision Medicine division, which generated US$202 million in revenue, jumping 9% QoQ and an impressive 30% YoY. The company is on track to exceed US$1 billion in revenue for the full year. On the clinical front, the FDA has given the green light for safety data on the ProstACT Global Phase 3 trial, clearing the way for Part 2 to progress in the U.S. Meanwhile, patient enrollment for the BiPASS Phase 3 study is nearly complete. Adding to the momentum, Telix announced a strategic collaboration with Regeneron to develop next-generation radiopharmaceutical therapies. The company has also adjusted its R&D spending guidance to US$230 million to US$270 million for the year.

HUB24 Breaks Records with $18.9 Billion in Annual Inflows

Wealth platform HUB24 is riding high after a stellar FY26, posting net inflows of $4.2 billion in the final quarter alone. For the full year, the platform attracted a record $18.9 billion in net inflows—a 20% jump from the prior year when excluding large migrations. Total Funds Under Administration reached $164.3 billion as of June 30, representing 20% growth year-over-year. The platform's success reflects its industry-leading Net Promoter Score and its ranking as the top performer for both quarterly and annual net inflows. Strong demand for financial advice, underpinned by Australia's compulsory superannuation system and favorable demographics, continues to support the company's growth trajectory.

NEXTDC Expands Data Center Footprint with 73MW Capacity Boost

Data center operator NEXTDC announced a significant expansion in its contracted utilisation, which jumped by 73 megawatts (11%) to 740MW following recent customer contract wins. The company's forward order book now stands at 565MW, expected to gradually convert into billings, revenue, and EBITDA between FY26 and FY30. Despite this growth, NEXTDC kept its FY26 guidance for net revenue, underlying EBITDA, and capital expenditure unchanged.

FENIX Resources Caps Strong Year with Record Quarter

Iron ore producer FENIX Resources capped off FY26 on a high note, posting record performance across mining, haulage, and shipping during the June quarter. The company shipped 1,299,000 tonnes during the quarter and delivered its full-year production guidance of 4.4 million tonnes. Group C1 cash costs came in at A$73.7 per tonne for the year, landing at the lower end of guidance. The company maintained a solid cash position of A$81 million as of June 30 and has completed approvals for the Beebyn-W10 project while establishing the Beebyn Hub as its new primary production center. A partnership with Mira Bulk is also expected to help reduce shipping costs. For FY27, FENIX is guiding for iron ore sales of 4.7 to 5.3 million tonnes and C1 cash costs of A$70 to A$80 per tonne.