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 and aims to leverage Echo IQ's capabilities to enhance Pro Medicus's service offerings and market position.

Audinate delivered a strong finish to FY26, with the audio networking specialist reporting 15% revenue growth to US$46.0 million. Gross profit climbed to US$37.7 million, up 14.7%, while maintaining an impressive 82% gross margin. The company's Dante ecosystem continued its expansion, with 555 new products launched and 137 design wins secured during the year, bringing the total installed base to over 8 million devices and 5,158 products.

The company also made a strategic move into software-as-a-service territory with the launch of Iris, a subscription-based offering for intelligent camera control. This came following Audinate's completed acquisition of Iris Studio Inc., a US-based remote video production platform that contributed $0.3 million in revenue during the period.

To sharpen its focus on high-return opportunities, Audinate underwent an organisational restructure to lower costs, with the full benefits expected to flow through from FY27 onwards. The company enters the new financial year with a robust balance sheet of A$65 million in cash and term deposits, well-positioned to support 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 expected to drive meaningful improvement in operating profit.

New Hope Corporation reported a strong quarterly performance, 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 average realised sales price hit $155.8 per tonne, up 10.7% quarter-on-quarter, driving underlying EBITDA to $169.3 million, up 30.1%. The miner maintained a fortress balance sheet with $778.5 million in available cash as at 31 July 2026, comprising $484.8 million in cash and equivalents plus $293.7 million in fixed income investments.

Fiducian Group reported revenue growth of 7.6% to $96.14 million, though profit after tax declined 27.8% to $13.41 million. The funds management and financial planning group saw net inflows of $264 million in FY26, lifting Funds Under Administration to $4.31 billion. Despite the profit decline, the company maintained its dividend commitment with a final dividend of 28.20 cents per share, fully franked, and revised its dividend payout policy to target 60-80% of underlying net profit after tax. Net tangible assets per share decreased to $1.03 from $1.18.

ZICOM Group faced headwinds in FY26, with revenue expected to fall 30% to S$94 million from the prior year's S$135 million. Net profits after tax are projected to decline 35% to between S$5.0-5.5 million, primarily due to the completion of gas processing EPC contracts and political changes in the host country of major projects. Despite the challenging year, the company remains confident in future prospects, with all business segments expected to remain profitable going forward, provided the geopolitical situation doesn't deteriorate further.