Daily Roundup

EOL.ASX IPG.ASX COI.ASX GNG.ASX FND.ASX

Energy One Limited kicked off its first market update under new CEO Ben Tranier with an optimistic take on the company's position in an increasingly complex global energy landscape. The volatile power markets across Europe and Australia are driving demand for EOL's integrated software platform, and the sales pipeline remains robust with strong engagement from Tier 1 customers. However, there's a slight hiccup on the growth front—billed Annual Recurring Revenue is expected to grow 13% for FY26, coming in a touch below prior projections due to timing delays with two large multinational industrial customers. The company will also absorb roughly $0.5 million in CEO transition costs and $0.8 million in accelerated share-based payment expenses as former CEO Shaun Ankers transitions to a Non-Executive Director role. Looking ahead, Energy One is sharpening its product portfolio and ramping up AI integration to support decision-making in critical energy workflows, while keeping an eye out for acquisition opportunities.

IPD Group Ltd is riding a wave of strong momentum, forecasting FY26 EBITDA between $54.5 and $55.3 million—an 18% jump from the previous year. The data centre business is particularly firing, with revenues expected to surge 25%. Revenue growth across the board is being fueled by solid performance in the core IPD business and EX Engineering, plus a record result from CMI. Gross profit margins are holding steady, and the company has managed to trim operating expenses, setting itself up nicely for continued expansion.

Over in the energy sector, Comet Ridge Limited restructured its acquisition deal for Santos' 42.86% stake in the Mahalo Gas Project. The revised terms include less upfront cash and a three-month extension to the completion date, now set for August 2026. The move gives Comet Ridge breathing room to secure funding amid uncertainty from the Federal Government's gas reservation policy. Once the deal closes, Comet Ridge will own the Mahalo Gas Hub outright, bringing strategic advantages like expanded reserves and full control over development decisions. The trading suspension on Comet Ridge's shares was lifted immediately following the announcement.

GR Engineering Services landed a major win, securing a $229 million engineering, procurement, and construction contract for the Tower Hill Gold Project from Genesis Minerals. The appointment follows GR Engineering's earlier designation as Preferred Contractor in February. Managing Director Tony Patrizi highlighted the company's track record in the minerals sector and expressed confidence in delivering the project, which is expected to produce 3.5 to 4.0 million tonnes per annum.

Finally, Findi Ltd provided an update that reflects some near-term headwinds but signals a turning point. FY26 revenue is now expected to land between A$83.0 and A$91.6 million, below the prior guidance of A$100 to A$105 million, largely due to integration costs and working capital delays. Operating EBITDA is also coming in lower, with adjusted EBITDA anticipated at A$8 to A$10 million. The silver lining? A A$25 million equity raise completed in May has stabilized the working capital position, and April and May have already shown material operational improvements across all business units. Findi remains on track for its FY27 Indian IPO and Payments Bank status, with quarterly updates resuming in July.