Daily Roundup

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8COMMON Ltd Turns Profitable as Government Contracts Expand

Software-as-a-service company 8COMMON Ltd is heading into the new financial year on solid footing. The company swung to positive EBITDA of $554,000 in the final quarter of FY26, alongside a net profit before tax of $359,000. While total revenue dipped 18% year-on-year to $1.7 million, the company maintained a stable cash position and managed to fully repay its loans.

The real bright spot came from the government sector. 8COMMON secured a fresh contract with the Australian Taxation Office worth $1.9 million over three years, while also extending arrangements with several other government departments. Looking ahead, management is confident about FY27, projecting SaaS revenue of $1.3 million with a healthy gross margin averaging 84%.

Pantoro Stumbles on Gold Production but Charts Recovery Path

Gold miner Pantoro Ltd fell short of its targets in FY26, producing just 77,408 ounces due to labor disruptions and operational hiccups at its Norseman project. The shortfall stung, but the company isn't dwelling on it. Instead, management has rolled up its sleeves and initiated operational overhauls designed to get production back on track.

For FY27, Pantoro is guiding for a significant bounce-back, targeting between 90,000 and 105,000 ounces of gold. All-in sustaining costs are expected to land between $2,800 and $3,400 per ounce. The company is also planning substantial investments in exploration and new infrastructure to unlock fresh ore sources, betting on the long-term potential of the Norseman Gold Project.

Viridis Mining Hits Major Milestone with Resource Upgrade

Rare earth developer Viridis Mining and Minerals has given its Colossus project a significant boost. The company upgraded its mineral resource estimate to 473 million tonnes grading 2,505 parts per million total rare earth oxide, a substantial improvement that underscores the project's world-class credentials. Even more impressive is the high-grade feed component: 97 million tonnes grading above 4,000ppm, which should support strong economics.

The upgrade carries real financial weight. The substantial measured mineral resource positions the company to convert initial production schedules into proven ore reserves—a key technical requirement that debt financiers typically want to see before opening their wallets.

Archer Materials Advances Quantum and Biochip Ambitions

Quantum technology developer Archer Materials is making tangible progress across its portfolio. The company completed full-wafer manufacturing runs of its refined 12CQ quantum chip components, edging closer to a functional qubit demonstration. On the machine learning front, Archer demonstrated a proof-of-concept quantum neural network for fraud detection, testing it in both simulated and actual quantum hardware environments.

The company also bolstered its financial position by raising $7 million through a share placement. Meanwhile, its Biochip beta prototype is advancing nicely, with improvements to cartridge design, electronic readout, and control systems. Archer has filed additional patents to protect its Biochip intellectual property and recently partnered with quantum computing firm IonQ to accelerate algorithm development and deployment.

Steadfast Extends Takeover Talks with Consortium

Insurance services firm Steadfast Group has given the Consortium—comprising Amwins Group and Dragoneer Investment Group—another four weeks to work toward a binding deal. The non-binding, indicative proposal remains pegged at $6.00 per share, though the company emphasizes that no guarantee exists that negotiations will reach a binding agreement. Shareholders are advised to sit tight for now as discussions continue.