Daily Roundup

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Navigator Global Investments Announces Transformative Acquisition and Equity Raise

Navigator Global Investments Ltd (NGI) is making some big moves, announcing a proposed acquisition to be funded by a fully underwritten, accelerated non-renounceable pro rata entitlement offer. The deal is expected to be earnings accretive in the first full year of ownership.

The acquisition is for a $195 million portfolio of Net Revenue Share interests in 17 alternative asset managers from Stable Asset Management. NGI will raise up to A$145 million (US$103 million) through the equity offer and provide A$136 million in scrip consideration. This expands NGI's ecosystem across the asset manager lifecycle, including more exposure to the lucrative private markets.

Importantly, NGI has formed a strategic partnership with Stable to drive further growth and identify additional inorganic opportunities. The company expects the acquisition to be low double-digit EPS accretive in the first full year and boost its FY26 Adjusted EBITDA to between US$100-104 million.

Chrysos Hits Record Volumes as Lease Agreements Surge

Over in the mining tech space, Chrysos Corporation Ltd (ASX:C79) is firing on all cylinders. The company processed over 1 million samples in both March and April 2026, setting new fleet records that underscore the growing productivity and utilization of its PhotonAssay network.

Chrysos has also continued to expand its global footprint, signing 19 new lease agreements since its last update. This includes deals with industry heavyweights like ALS and Bureau Veritas. The company remains on track to achieve its FY26 guidance, with revenue and EBITDA tracking at the upper end of the expected ranges.

NAB Delivers Solid 1H26 Results, Maintains Dividend

National Australia Bank (NAB) has reported a solid set of 1H26 results, with underlying profit growth of 6.4% excluding large notable items. Cash earnings ex notable items were up 2.3% versus the prior half.

The bank saw good momentum across its key priorities - growing business banking, driving deposit growth, and strengthening proprietary home lending. Business lending rose 5.6% and proprietary home loan drawdowns improved to 47.7%. NAB also maintained its interim dividend at 85 cents per share, fully franked.

Looking ahead, NAB expects the challenging environment to persist, but is well-positioned with a resilient balance sheet to support customers and deliver sustainable returns. The bank continues to target productivity benefits over $450 million and cost growth below 4.6% in FY26.

SSH Expands Mining Services with Accretive Elphinstone Acquisition

In other news, SSH Group Ltd (ASX:SSH) has entered a binding agreement to acquire 100% of Elphinstone Mechanical Services (EMS), a well-established mining services business. This transformational deal will significantly expand SSH's scale and service capabilities.

On a pro forma basis, the combined group would have generated around $76.3 million in revenue and $8.2 million in EBITDA in FY25. The acquisition is expected to be immediately earnings and margin accretive for SSH, with clear synergy opportunities.

SSH sees the EMS deal as another step in building a diversified, scalable mining services platform. By integrating the business, the company aims to increase revenue, strengthen recurring income, and deliver improved margins through operational leverage.

Great Boulder Bolsters Gold Portfolio with Peak Hill Acquisition

Finally, Great Boulder Resources Ltd (ASX:GBR) has agreed to acquire the historic Peak Hill Gold Project in Western Australia from Westgold Resources. This transformational deal adds a significant gold endowment to Great Boulder's existing Side Well Gold Project.

Peak Hill hosts a JORC 2012 Mineral Resource of 9.4Mt @ 1.6g/t Au for 481,000oz. Great Boulder sees extensive exploration upside to increase the known gold endowment. The company plans an aggressive 60,000 metre drilling campaign across both projects over the next six months.

Great Boulder is well-funded with $25 million cash following the acquisition and a placement. The company aims to have Peak Hill in 'Mining-Ready' status within 12 months, providing a pathway to capital-light production.

That's the key news for today. It's been a busy day for the markets, with some major transactions and strategic moves announced. Stay tuned for more updates as they unfold.