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Technology One Caps Off Strong Half with Record Results and Dividend Boost

Technology One has delivered its 17th consecutive first-half record, marking another milestone in what's shaping up to be a stellar year for the SaaS giant. The company reported a profit before tax of $89.1 million, up 9% from the previous corresponding period, while annual recurring revenue climbed to $598 million, a healthy 17% increase. What's particularly impressive is the company's net revenue retention sitting at an industry-leading 114%, a sign that existing customers are spending more with the business.

The strong performance has given management enough confidence to reaffirm its full-year guidance, targeting profit growth between 18% and 20%, with ARR expected to grow 16% to 18%. The company's AI strategy, which launched during the period, has already exceeded expectations and is driving momentum across the business. Technology One's regional performance has been equally encouraging, with the APAC local government sector posting 27% ARR growth and the UK market surging 23% to $53 million.

Shareholders are being rewarded for the company's success, with the interim dividend increased by a substantial 21% to 8.0 cents per share. The balance sheet remains fortress-like, with no debt and significant cash holdings providing plenty of firepower for future investments. Looking further ahead, Technology One is eyeing an ambitious target of surpassing $1 billion in ARR by FY30, underpinned by continued investment in research and development and deepening vertical expertise.

Koonenberry Gold Bolsters NSW Exploration Portfolio

Koonenberry Gold has made a strategic acquisition that significantly strengthens its presence in New South Wales. The company has entered into a binding agreement to acquire the Gundagai Gold-Copper Project from Gilmore Minerals, adding four contiguous tenements to its exploration arsenal. The project boasts impressive high-grade rock chip results, including gold readings up to 386g/t Au and copper assays reaching 27.05% Cu.

The acquisition is particularly attractive because it's contiguous with Koonenberry's existing projects, creating a commanding ground position in the Lachlan Fold Belt. The project encompasses multiple target domains, including the Johnstons Hill Gold Domain and the Big Ben & Princess Marina Gold Trends, offering a pipeline of near-term drill targets. The deal also brings an experienced exploration team into the fold, enhancing Koonenberry's capacity to accelerate programs across its broader portfolio.

On the personnel front, Koonenberry has announced a leadership transition with Managing Director Dan Power stepping down after more than four years at the helm. Paul Harris and Darren Glover will assume managing director responsibilities, with Harris taking on the Executive Chairman role and Glover becoming Executive Technical Director. The Board believes this expanded executive involvement will position the company well for its next growth phase.

Corazon Mining Strikes Gold at Two Pools

Corazon Mining has reported encouraging results from its maiden diamond drilling program at the Two Pools Gold Project in Western Australia. All four diamond holes intersected gold mineralisation, confirming the presence of a coherent orogenic gold structural architecture that's consistent with high-grade gold systems. The drilling has provided critical geological insights that will shape follow-up exploration, particularly after the program revised the interpreted vein orientation to east-west trending gold-bearing veins.

Perhaps equally exciting is the discovery of a substantial pegmatite dyke approximately 25-40 metres thick that was intersected during drilling and remains open in all directions. This feature could act as a fluid-focusing structure with mineralisation potential extending beyond gold. To cap off the exploration success, Corazon has been granted Exploration Licence E52/4521, providing additional ground for systematic target generation and near-term drilling.

The company's momentum extends beyond Two Pools. Corazon has entered into a binding agreement to acquire the Chalice Gold Project from Westgold Resources for approximately A$25.7 million. The acquisition includes an upfront cash payment of A$8.0 million, the issuance of 47.6 million shares giving Westgold a ~19.9% stake in Corazon, and A$11.0 million in deferred payments linked to milestones. The Chalice project hosts a JORC 2012 Mineral Resource of 191,000oz @ 2.7 g/t Au, and Corazon plans to launch a 15,000-metre drilling campaign to extend known mineralisation and test new targets. The acquisition is expected to close in late June 2026, subject to shareholder approval. To fund the acquisition, Corazon is raising approximately A$16.5 million through a capital raising.

Leadership Shakeup at Dotz Nano Accompanied by Capital Raise

Dotz Nano has announced a significant leadership transition with CEO Sharon Malka stepping down for personal reasons. Malka will transition to a Non-Executive Director role, while Nati Harpaz, an existing shareholder with extensive experience scaling technology businesses, has been appointed as the new CEO, effective 31 May 2026. The Board has also refreshed its composition to ensure alignment with the company's outlook and to support the incoming CEO.

Alongside the leadership change, Dotz Nano has secured binding commitments to raise approximately A$3.3 million through a private placement. The funds will support the company's operational ramp-up, including production scale-up, pilot deployments, and enhanced customer engagement, as well as working capital and potential restructuring of existing convertible notes. Notably, incoming CEO Harpaz has invested further in the company, signalling confidence in its direction. The placement will issue 82.1 million shares at A$0.04 per share, with each share carrying a right to subscribe for one free option exercisable at A$0.07 expiring two years from issue.

Invion Expands Photosoft Platform Into Ophthalmology

Invion has entered into a collaboration with SANGMYUNG Innovation to evaluate its Photosoft platform technology for treating retinal vascular diseases, including wet age-related macular degeneration (wet AMD). SANGMYUNG will fund and conduct preclinical studies using Invion's Photosoft compounds, while Invion retains all rights to the technology. This marks Invion's first venture into the ophthalmology sector, targeting a significant unmet need in wet AMD treatment, a leading cause of blindness. The global wet AMD market is substantial and growing, driven by an aging population and the shortage of new therapeutic options.