Daily Roundup

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Activeport Exceeds NaaS Sales Expectations

Activeport Group Ltd has received over $1.2M in new Network-as-a-Service (NaaS) orders in June, far exceeding expectations. The company launched its Global Edge NaaS platform in collaboration with the Fibreconx network late last year, and after extensive engineering and field trials, began marketing the service in May 2025. The market response has been phenomenal, with 75 services committed in the first month, beating the anticipated run-rate immediately after launch.

The Global Edge portal is now live, delivering a self-service edge-to-cloud network in Sydney and Melbourne, with Brisbane to come in the second half of the year. Activeport's innovative platform offers a first-of-its-kind self-service last-mile fibre network to Australia's major data centres. Additional products, including managed firewalls, cloud on-ramps, cloud routing, and virtual edge services, will increase revenue and gross margin as they're rolled out in the coming months.

Activeport anticipates an average gross margin of approximately 65% for the NaaS service as volume accumulates on the platform.

Karoon Energy Secures Six Blocks in Santos Basin

Karoon Energy Ltd has successfully bid for six blocks in the ANP 5th Permanent Offer Bid Round for Concession Contracts in the Santos Basin, offshore Brazil. Two of the blocks, S-M-974 and S-M-1038, are located approximately 17 kilometres from the Neon field and contain the Piracucá discovery. Initial technical studies suggest the Piracucá discovery could be an attractive tie-back candidate into a potential Neon FPSO, subject to the proposed Neon development achieving a Final Investment Decision and necessary regulatory approvals.

Karoon also secured four deepwater blocks (S-M-1484, S-M-1605, S-M-1358, S-M-1603) located adjacent to its existing deepwater exploration acreage in the Santos Basin, around 80 kilometres southeast of the Baúna field. This was a strategic move to consolidate Karoon's position in the area at a low entry cost.

Karoon's 2025 capex guidance has increased to US$120 -140m to incorporate the signature bonus payments and work programme guarantees associated with the successful participation in the bid round.

Acusensus Faces Legal Action from Redflex

Acusensus Ltd has announced that Redflex Traffic Systems Pty Ltd has initiated legal proceedings against the company. The legal action relates to alleged infringement of Redflex's intellectual property rights. Acusensus says it is reviewing the claims and will defend its position. The company has not provided any further details on the nature of the legal proceedings or the potential impact on its business.

Motio Upgrades FY25 Guidance

Motio Limited (ASX:MXO) has announced an upgrade to its guidance for the Financial Year 2025 (FY25) due to stronger than expected trading conditions. The company has experienced a period of elevated performance in its national advertising business, including campaigns that have been booked and actioned within the same day. Motio has also benefited from increased spending in its programmatic channel, contributing to an increase in revenue during the June trading period.

As a result, Motio has upgraded its revenue guidance from $8.5-$8.9M+ to $9.0 to $9.5M, and its cash EBITDA target from $1.35M+ to $1.9M+. The company also reports a cash balance of $2.65M as of June 18, 2025, and a net amount owed to OML of $1.085M inclusive of principal and interest.

Archtis Ltd Pauses Trading

Archtis Ltd has announced a temporary pause in trading of its securities, pending a further announcement from the company. No details were provided on the reason for the trading pause.

Archtis Ltd Suspended from Quotation

archTIS Ltd (ASX: AR9) has been immediately suspended from quotation under Listing Rule 17.3.2 to prevent a disorderly or uninformed market. Trading in AR9's securities was halted by ASX at 9:27 AM AWST Wednesday, 18 June 2025 under ASX Operating Rule 3100 to ensure that the market in AR9's securities is fair, orderly and transparent. ASX has issued a price query to AR9.