Daily Roundup

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Strong First Half for Advanced Braking Technology

Advanced Braking Technology Ltd (ABT) has delivered a robust financial performance in the first half of FY26. The company reported record revenue of $11.1 million, up 27% from the prior period, driven by strong demand for its SIBS Failsafe safety systems. Net profit after tax (NPAT) also increased by an impressive 62% to $0.54 million, and the company's cash balance grew by 44% to $4.1 million, supporting its growth and resilience.

Operational highlights for ABT include the successful deployment of SIBS Failsafe for JCB Telehandlers at Rio Tinto's Oyu Tolgoi copper operation in Mongolia, as well as securing a mandate to supply Failsafe brakes to MMG's Dugald River mine in Queensland. The company continues to advance its technology development, with progress on SIBSiQ (CAS9 feasibility) and BRAKEiQ market channel development.

AIH Expands Marine Platform with Imenco Aqua Acquisition

Advanced Innergy Holdings Ltd (AIH) has signed a binding agreement to acquire 100% of Imenco Aqua AS, a leading global supplier of aquaculture technology solutions. This acquisition strengthens AIH's existing marine platform, providing access to the growing Atlantic salmon market and unique exposure to the global aquaculture industry.

Imenco Aqua generated FY25 revenue of $15.0 million and EBITDA of $3.0 million. The transaction is expected to be earnings per share (EPS) accretive from completion and aligns with AIH's core expertise in delivering high-performance, IP-backed engineering solutions into regulated and technically demanding operating environments.

Pioneer Credit Increases FY26 NPAT Guidance

Pioneer Credit Limited (ASX: PNC) has revised its FY26 NPAT Guidance, increasing it to at least $23 million - a 28% increase on the company's original guidance. This reflects the material repricing of both its $272.5 million Senior Finance Facility and $55.5 million Medium Term Notes, together with the company's solid operating performance, where 1HY26 Net Revenue was up 5% on the previous half year.

These structural improvements have strengthened Pioneer's earnings profile and capital structure, with total cash interest savings of $2.02 million to be realized in 2HY26 and annualized savings of approximately $4.63 million from FY27 onwards.

Exceptional Metallurgical Recoveries at Sun Silver's Maverick Springs

Sun Silver Ltd announced exceptional metallurgical test results from its Maverick Springs Silver-Gold Project in Nevada, USA. Intermittent Bottle Roll cyanide leach tests achieved silver recoveries up to 78.3% and gold recoveries up to 77.3% under heap leach test conditions. Cyanide leach tests, which provide an estimate of a fine grind tank leach, achieved even higher silver recoveries up to 90% and gold recoveries up to 84.7%.

The metallurgical testwork indicates the ore is non-refractory and non-preg robbing in nature, demonstrating the potential for a low-capital heap leach development pathway for the project. Sun Silver plans to conduct further column leach tests and complete a review of the 2025 drill samples program.

LTR Pharma Completes Recruitment for SPONTAN Phase II Study

LTR Pharma Limited has completed recruitment for the Phase II pharmacokinetic clinical study of its rapid-acting intranasal spray SPONTAN for the treatment of erectile dysfunction. The study includes a dedicated cohort for participants aged 65 and older, in line with FDA guidance for geriatric-use assessments.

Dosing is now underway, with participants undertaking a 15-day residential period receiving single and multiple doses of SPONTAN and a control vardenafil tablet. Initial data from this key study is expected in Q2 CY2026, building on the company's completed Phase I Pharmacokinetic Study, which demonstrated 5x faster absorption versus oral tablets.