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 Group delivered a strong finish to FY26, with revenue climbing 15% to US$46.0 million while maintaining an impressive gross margin of 82.0%. The company's Dante ecosystem continued its expansion, adding 555 new products and securing 137 design wins, bringing the total installed base to over 8 million devices and 5,158 products. A major highlight was the launch of Iris, a new SaaS-based subscription offering for intelligent camera control, which came through the acquisition of Iris Studio Inc. completed during the year.

The company also underwent a significant organisational restructure aimed at lowering costs and sharpening focus on high-return opportunities, with the full benefits expected to flow through from FY27 onwards. Audinate enters the new financial year with a robust balance sheet, holding A$65 million in cash and term deposits. Management expects FY27 gross profit growth to be in line with or slightly ahead of FY26, with gross margins maintained and operating costs held flat, positioning the company for meaningful improvement in operating profit.

New Hope Corporation reported a robust quarterly and full-year performance, with ROM coal production reaching 4.7 million tonnes for the quarter, up 11.3%. Full-year saleable coal production and sales exceeded guidance, climbing 7.6% and 11.8% respectively. The average realised sales price hit $155.8 per tonne, a 10.7% increase from the previous quarter, driving underlying EBITDA to $169.3 million for the quarter, up 30.1%. The company finished the period with available cash of $778.5 million, comprising $484.8 million in cash and cash equivalents plus $293.7 million in fixed income investments.

Fiducian Group reported mixed results for the half-year ended 30 June 2026, with revenue increasing 7.6% to $96.14 million but profit after tax falling 27.8% to $13.41 million. The company maintained its dividend commitment, declaring a final dividend of 28.20 cents per share, fully franked, with a record date of 31 August 2026. Despite the profit decline, Fiducian's funds under administration grew to $4,308 million, supported by net inflows of $264 million during the year. The company also revised its dividend payout policy to target 60-80% of underlying net profit after tax going forward.

ZICOM Group faced headwinds in FY2026, with revenue expected to fall 30% to S$94 million and net profits after tax declining 35% to between S$5.0-5.5 million. The downturn was driven by the completion of gas processing EPC contracts and political changes in the host country of major projects. However, the company remains optimistic about future prospects, citing improved political stability and ongoing efforts to strengthen its organisation. Management expects all business segments to remain profitable in the coming years, provided the geopolitical situation doesn't deteriorate further.