Daily Roundup

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Alcidion Group enters FY27 on strong footing after record quarter

Healthcare software company Alcidion Group delivered impressive results for the final quarter of FY26, posting a record operating cashflow of $7.7 million. For the full year, the company generated $6.8 million in positive operating cashflow, representing a 19% jump from the prior year. The company also completed its acquisition of Kyra flow products from Telstra Health, bringing 31 new customers into its ANZ portfolio.

With a cash balance of $20.6 million and no debt on the books as of 30 June, Alcidion is in a solid financial position heading into the new financial year. The company reconfirmed its FY26 guidance, expecting revenue of approximately $51.6 million and EBITDA exceeding $5.0 million. Management notes the company enters FY27 with strong momentum and a significant book of implementation revenue to work through.

OFX agrees to acquisition at substantial premium

In a major development, OFX Group has agreed to an all-cash acquisition offer from Equals at $1.00 per share, representing a 108% premium to its pre-announcement share price. The OFX Board intends to recommend the offer, subject to finalizing debt financing and executing a Scheme Implementation Deed.

Despite the takeover news, the company released a solid 1Q27 trading update showing meaningful progress on its strategic transformation. Non-FX revenue grew 24.4% quarter-on-quarter and 195.3% year-on-year, driven by strength in Cards, Pay by Card, and Subscriptions. Net Operating Income edged up 1.0% sequentially, though it was down 20.0% year-on-year. The OFX 2.0 platform transition continues to advance, with the new client platform now live across all markets and showing encouraging growth in multi-product adoption.

Tourism Holdings lifts profit guidance on strong bookings

Tourism Holdings has raised its FY26 profit expectations, now forecasting underlying net profit after tax of around $46 million, up from earlier guidance of $40 million to $43 million. The upgrade reflects favorable year-end interest outcomes, strong late booking trends, and solid vehicle sales performance in New Zealand.

Net debt came in at $436 million as of 30 June, better than anticipated due to timing differences. Looking ahead, forward booking trends remain positive, with North America bookings running significantly ahead and Australia and New Zealand returning to growth. Management expressed increased confidence in the FY27 Southern Hemisphere summer season outlook.

Artrya's AI platform launches at major U.S. health system

Medical technology company Artrya has successfully deployed its Salix AI-powered cloud platform at Northeast Georgia Health System. The platform, which assesses and manages coronary artery disease, is now in clinical use at the first of NGHS's five hospitals and outpatient facilities, with expansion to remaining sites planned in the near term. First patient scans have been processed and revenue generation has commenced through monthly subscription fees and per-scan assessments.

Generation Development Group caps strong year with record growth

Wealth management group Generation Development Group wrapped up FY26 with impressive momentum across its portfolio. Group funds under management reached $46.4 billion, up 36% year-on-year. Generation Life achieved record quarterly sales inflows of $442 million, up 39% on the prior year, with FUM climbing to $5.95 billion. Evidentia, positioned as Australia's leading independent managed accounts provider, saw FUM reach $40.5 billion, up 37% year-on-year. Meanwhile, Lonsec Research and Ratings expanded its product coverage to over 2,000 products, up 9% year-on-year, while iRate subscribers grew 13% to 5,629. The combination of these three businesses creates a differentiated wealth platform positioned to drive long-term growth into FY27 and beyond.