Daily Roundup

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Corporate Travel Management bounces back with strong FY26 turnaround

Corporate Travel Management Ltd is back on the ASX after a trading suspension, and the company has plenty to celebrate. The travel management firm reported a 4% revenue increase to $669.9 million for FY26, with underlying EBITDA jumping 36% to $113.6 million. Most impressively, the company swung to a net profit after tax of $17.7 million, a dramatic reversal from the $348.5 million loss it posted in the previous year.

The turnaround reflects genuine operational improvement. The company secured $669 million in new business wins and $1.5 billion in re-tenders and renewals during the year. On the remediation front—a key issue that had weighed on the company—approximately 78% of customer refunds have been agreed or are close to finalization. The Board decided to hold off on declaring a dividend for FY26, instead focusing on strengthening the balance sheet. With $106.9 million in cash and a $175 million committed funding package, the company has solid liquidity backing its recovery efforts.

Trading resumed on September 3rd following the lodgement of the company's preliminary final report. Management's priorities going forward center on completing remediation activities, embedding governance improvements, and continuing to lift operating performance across the group.

EQ Resources hits record production and revenue

Mining company EQ Resources Ltd is firing on all cylinders. The company reported record revenue of A$55.1 million in August 2026, driven by a remarkable 34% surge in consolidated production to 19,068 mtu (metric tonnes of uranium). The average realized price per mtu came in at US$2,269, reflecting solid market conditions.

The production ramp-up is playing out across both of the company's operations. Spain's Barruecopardo mine saw output climb 32% to 12,719 mtu, generating A$35.2 million in revenue. Meanwhile, Australia's Mt Carbine mine achieved a new revenue high of A$19.9 million, with production jumping 38% month-on-month to 6,349 mtu. The momentum suggests the company's expansion efforts are delivering real results.

Straker Ltd back to trading

Translation and localization services provider Straker Ltd has been reinstated to quotation on the ASX effective September 2nd, following the lodgement of its financial statements for the period ended March 31, 2026.

Investor Centre faces headwinds as Pulse Markets struggles

Investor Centre Ltd reported significant challenges in its FY26 results. Revenue from ordinary activities plummeted 46.4% to just $83,590, while the company posted a loss after tax of $724,416—though this was a 36.8% improvement on the prior year's loss.

The core issue stems from its principal operating subsidiary, Pulse Markets, which had its Australian Financial Services Licence cancelled by ASIC on February 11, 2026. That cancellation has severely hampered the company's ability to conduct financial services and brokerage activities. The company is currently in discussions with Lake Volta Investments regarding potential restructuring, funding, and recapitalization to address its financial and regulatory challenges and seek reinstatement on the ASX.

Matsa Resources remains suspended

Matsa Resources Ltd's shares continue to languish in suspension as of September 2nd. The company has been unable to release an update on its Devon Pit Gold Project and a funding proposal, prompting the ASX to extend the suspension. The company remains in limbo pending compliance with ASX Listing Rules and an appropriate time for reinstatement.