Daily Roundup

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Pinnacle Boosts Stake in Metrics, National Pension Service of Korea Also Acquires Stake

Pinnacle Investment Management Group Ltd has agreed to acquire an additional 6.80% equity stake in Metrics Credit Holdings Pty Limited, restoring its ownership to approximately 35%. The National Pension Service of Korea will also purchase a 6.37% stake in Metrics, subject to regulatory approval.

The acquisition will cost Pinnacle around A$100.5 million, which will be funded from its existing balance sheet capacity. Pinnacle Managing Director Ian Macoun expressed the company's continued confidence in Metrics' domestic and international growth potential.

Kinatico Showcases Workforce Portal at Tech Conference

Kinatico Ltd, a leading provider of workforce management solutions, is presenting its flagship product, a secure and user-friendly workforce administration portal, at the prestigious Tech Rise Conference. The company is highlighting the portal's ability to streamline administrative tasks and enhance data security, as well as projecting a trend of increasing revenue and profitability over the next few years.

Kinatico is also expanding its SaaS offerings and mobile app capabilities to meet the evolving needs of its clients, positioning the company for continued growth in the workforce management industry.

Navigator Global Investments Announces Acquisition and Equity Raising

Navigator Global Investments Ltd (NGI) has announced a proposed acquisition to be funded by a fully underwritten, accelerated non-renounceable pro rata entitlement offer to raise up to A$145 million (US$103 million). The acquisition is expected to be earnings accretive in the first full year of ownership.

The entitlement offer will be made on the basis of 1 new share for every 8.13 existing shares held by eligible shareholders. The acquisition and equity raising are subject to shareholder and regulatory approvals.

Chrysos Achieves Record Sample Volumes, Expands PhotonAssay Network

Chrysos Corporation Ltd has reported record monthly sample volumes, exceeding 1 million in both March and April 2026. This reflects the growing productivity and utilization of the company's deployed PhotonAssay network.

Chrysos has also signed 19 new lease agreements for its PhotonAssay technology, including with major players like ALS and Bureau Veritas, further expanding its international presence. The company is on track to achieve its FY26 guidance for revenue and EBITDA.

NAB Reports Solid 1H26 Results, Maintains Dividend

National Australia Bank Ltd (NAB) reported a 2.3% increase in cash earnings ex large notable items for 1H26 compared to 2H25. The bank saw strong growth in business lending and improved proprietary home lending, while maintaining its interim dividend of 85 cents per share, fully franked.

NAB has taken actions to bolster its balance sheet, including increasing forward-looking collective provisions by $300 million due to the uncertain outlook from the Middle East conflict. The bank remains well-positioned to navigate the more volatile macroeconomic environment.