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Technology One Caps Strong Half With Record Results and Dividend Boost

Technology One delivered a commanding performance in the first half of FY26, marking its 17th consecutive first-half record with a profit before tax of $89.1 million, up 9% year-on-year. The software company's momentum shows no signs of slowing, with annual recurring revenue climbing to $598 million, a robust 17% increase that underscores the strength of its SaaS+ strategy and newly launched AI products.

The company's net revenue retention rate of 114% sits comfortably at industry-leading levels, reflecting exceptional customer stickiness and expansion within existing accounts. Revenue itself reached $318.4 million, up 11%, while net profit after tax grew 6% to $66.8 million. Particularly impressive was the performance across key markets, with APAC local government ARR surging 27% and the UK market climbing 23% to $53 million.

Management clearly feels confident about the trajectory, reaffirming full-year guidance for profit growth between 18% and 20%, with ARR expected to expand 16% to 18%. The company is eyeing an ambitious long-term target of $1 billion-plus in ARR by FY30, supported by continued R&D investment and deepening vertical expertise. Shareholders will appreciate the 21% jump in the interim dividend to 8.0 cents per share, while the balance sheet remains fortress-like with no debt and substantial cash holdings.

Gold Explorers Make Strategic Moves

Koonenberry Gold has bolstered its NSW exploration footprint with the acquisition of the Gundagai Gold-Copper Project from Gilmore Minerals. The four contiguous tenements boast impressive rock chip results, including gold assays up to 386g/t Au and copper readings of 27.05%, positioning the project as a compelling near-term drilling prospect. The acquisition complements Koonenberry's existing portfolio and brings an experienced exploration team into the fold, enhancing the company's capacity to accelerate programs across its assets.

The company has also undergone a leadership transition, with Managing Director Dan Power stepping down after four years at the helm. Paul Harris and Darren Glover will assume expanded executive roles as Executive Chairman and Executive Technical Director respectively, a move the board believes will position the company for its next growth phase.

Meanwhile, Corazon Mining has made a $25.7 million play for the Chalice Gold Project from Westgold Resources, securing a 191,000-ounce mineral resource grading 2.7g/t Au. The deal includes an upfront payment of $8 million, 47.6 million shares representing a ~19.9% stake for Westgold, and $11 million in deferred payments tied to milestones. Corazon plans a 15,000-meter drilling campaign to extend known mineralisation, with the acquisition expected to close in late June pending shareholder approval.

Corazon's maiden diamond drilling at Two Pools has also delivered encouraging results, with gold mineralisation confirmed across all four holes. The program has refined the structural model for follow-up drilling and identified a substantial 25-40 meter pegmatite dyke with potential for additional mineralisation. The company has additionally secured Exploration Licence E52/4521, expanding its ground position. To fund the Chalice acquisition and exploration programs, Corazon is raising approximately $16.5 million through a capital placement.

Leadership Changes and Capital Raises Across Sector

Dotz Nano has announced a management transition, with founder CEO Sharon Malka stepping down and transitioning to the board. Nati Harpaz, an existing shareholder with a track record in scaling technology businesses, takes the helm effective 31 May 2026. The company has simultaneously secured $3.3 million in binding commitments through a private placement at $0.04 per share, with Harpaz personally investing further. The capital will support production scale-up, pilot deployments, and enhanced customer engagement, with the incoming CEO bullish on accelerating commercial success.

Invion Expands Into Ophthalmology

Invion has partnered with SANGMYUNG Innovation to explore its Photosoft platform technology for treating retinal vascular diseases, including wet age-related macular degeneration. SANGMYUNG will fund preclinical studies while Invion retains all technology rights, marking the company's entry into the ophthalmology sector and tapping into a substantial, growing market driven by an aging population and unmet treatment needs.