Daily Roundup

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Austco Healthcare Locks in A$4.2m Decade-Long Contract

Austco Healthcare has secured a substantial win in Singapore, landing a ten-year maintenance contract worth A$4.2 million at the Jurong Health Complex. The deal, which kicks off on October 1, 2026, will see Austco's Tacera Clinical Care Communications solution support both the Ng Teng Fong General Hospital and Jurong Community Hospital through 2036. It's a meaningful extension of an existing relationship and exactly the kind of predictable, recurring revenue stream the company has been targeting alongside its project work.

Change Financial Delivers Strong Growth as Cash Flow Turns Positive

Change Financial is riding solid momentum heading into the new financial year. The fintech company reported Q4 FY26 revenue of US$4.6 million, up 16% year-over-year, with full-year revenue reaching US$18.2 million—a 21% jump. Better still, the company swung to positive net cash flow from operations of US$0.6 million in the quarter. The real standout is the PaaS business, which now boasts over 150,000 active cards, nearly doubling year-over-year. Gross margins expanded by 600 basis points across the full year, a sign that the business is scaling efficiently. Change Financial is eyeing FY27 growth driven by its PaaS and PaySim offerings, with plans to migrate on-premises clients to the cloud version of Vertexon.

Supply Network Navigates Headwinds While Plotting Expansion

Supply Network had a mixed year, grappling with operational challenges stemming from Middle East hostilities that complicated diesel and lubricant sourcing. Despite the headwinds, the company kept adding customers and growing existing relationships. The real story is the investment wave underway across both sides of the Tasman. In New Zealand, Supply Network opened a new Rosedale branch and expanded its Hamilton distribution center. Back in Australia, major IT system upgrades wrapped up, and distribution center integration is complete. The company is now preparing for further growth, including tripling the Eagle Farm branch and relocating Toowoomba. Looking ahead, Supply Network is targeting around $50 million in revenue growth for FY2027.

On the financial front, Supply Network delivered consolidated sales of $403.1 million and profit after tax of $47.7 million for FY2026. The board has declared a final fully franked dividend of 44.0 cents per share—up 6.0 cents from the prior year—payable October 2, 2026, to shareholders on record as of September 18.

Integrated Research Faces Revenue Headwinds but Bolsters Cash Position

Integrated Research had a tougher year, with FY26 revenue declining 17% to A$56-58 million, weighed down by a softer renewals book and lower second-half new business. Pro forma revenue fell 13% to A$64-66 million. EBITDA took a hit from expected credit losses and foreign exchange movements, landing in the (2.0)-(4.0) million range. The bright spot is cash generation, which surged 27% to A$51.7 million, giving the company a solid foundation for reinvestment. CEO Ian Lowe is zeroing in on accelerating product monetization and client-led innovation for FY27, positioning the company to reignite growth.

Medical Developments Expands Penthrox Reach with Paediatric Approval

Medical Developments International wrapped up a solid year with positive free cashflow in both Q4 and the full FY26 period. Penthrox revenue climbed $5.4 million for the year, fueled by impressive volume growth—28% in the Australian hospital segment and 18% across European markets. The real catalyst is the paediatric label approval and launch in the UK and all European markets, meaningfully expanding Penthrox's addressable market. The company finished with a cash balance of $21.4 million at June 30, 2026. CEO Brent MacGregor is focused on growing Penthrox volume while improving margins and cutting overheads, with expectations for EBIT to be modestly improved on FY25.