Daily Roundup

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8COMMON Ltd Turns Profitable in Latest Quarter

Software-as-a-service company 8COMMON Ltd has delivered a solid performance in the final quarter of FY26, posting positive EBITDA of $554,000 and net profit before tax of $359,000. While total revenue dipped 18% year-on-year to $1.7 million, the company maintained a stable cash position and successfully repaid its full loan obligations.

The quarter also brought some encouraging wins on the client front. 8COMMON secured a new three-year contract worth $1.9 million with the Australian Taxation Office and extended agreements with several government departments. User growth remained strong alongside improving average revenue per user metrics.

Looking ahead to FY27, management expects SaaS revenue to reach $1.3 million with gross margins holding steady at around 84%. The company is banking on its deep relationships with core client segments to drive continued expansion.

Steadfast Consortium Deal Gets More Time

Insurance services group Steadfast Group has granted the Consortium—comprising Amwins Group and Dragoneer Investment Group—an additional four-week exclusivity period to work toward a binding agreement. The non-binding proposal remains on the table at $6.00 per share, though the company emphasizes there's no guarantee the two sides will reach a formal deal. Shareholders are being advised to hold tight and await further developments.

Pantoro Stumbles but Plotting Recovery

Gold producer Pantoro Ltd faced a disappointing FY26, producing just 77,408 ounces of gold as labor issues and operational hiccups derailed output. The company fell short of its targets, but management has already begun implementing changes to get back on track.

For FY27, Pantoro is guiding for production between 90,000 and 105,000 ounces, with all-in sustaining costs expected to range from $2,800 to $3,400 per ounce. The company plans to invest heavily in exploration and developing new ore sources at its Norseman Gold Project, betting that these efforts will unlock the operation's long-term potential.

Viridis Rare Earths Project Gets Massive Resource Boost

Viridis Mining and Minerals has announced a significant upgrade to its Colossus rare earth project, with the mineral resource now estimated at 473 million tonnes grading 2,505 parts per million total rare earth oxide. Even more impressive is the high-grade feed component: 97 million tonnes grading above 4,000ppm TREO.

The upgrade is particularly noteworthy because it strengthens the company's position for project financing. The substantial measured mineral resource supports converting initial production schedules into proven ore reserves—a key requirement lenders typically want to see before committing capital. Viridis says its Colossus Project continues to set the global benchmark for ionic adsorption clay rare earth developments.

Archer Materials Advances Quantum and Biochip Ambitions

Quantum technology developer Archer Materials has made meaningful strides across its product pipeline in Q4 FY26. The company successfully completed full-wafer manufacturing runs of its refined 12CQ quantum chip components and demonstrated proof-of-concept quantum neural network performance for fraud detection using both simulation and actual quantum hardware.

On the biochip front, Archer's beta prototype is progressing well, with enhancements to cartridge design, electronic readout, and control systems now in place. The company has also filed additional patent applications to protect its intellectual property and recently partnered with quantum computing firm IonQ to tap into their computational resources for algorithm development.

To fuel its roadmap execution, Archer completed a well-received $7 million share placement, bolstering its balance sheet. Management sees the company positioned at the intersection of scientifically differentiated quantum technologies that can integrate smoothly into existing semiconductor supply chains.