Daily Roundup

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Robust Q3 for Advanced Braking Technology

Advanced Braking Technology Ltd (ABT) has reported a strong third quarter, with a 31% jump in product sales revenue to $4.7 million and a 29% increase in total sales to $4.8 million compared to the same period last year. The company also saw a 42% rise in underlying EBITDA to $0.5 million, demonstrating its ability to drive profitability alongside top-line growth.

ABT's strategic focus on key export markets, including Indonesia, Mongolia, Canada, Tanzania, Cote D'Ivoire, Netherlands, and Papua New Guinea, has paid off, with Canada being the company's largest export market. The 47% surge in export revenue for the financial year to date highlights the global demand for ABT's safety-critical solutions.

The company is particularly encouraged by the strong performance in Indonesia and Mongolia, as well as the advancements being made in its innovation pipeline, including the market development of BrakeIQ and the ongoing development of collision prevention capabilities for BrakeSafe Failsafe in light vehicles. These initiatives are aimed at future-proofing the company for the technology roadmap ahead.

GQG Partners Reaches Record FUM

In other news, GQG Partners Inc. (GQG) reported a record $161.9 billion in funds under management (FUM) as of March 31, 2025. The firm experienced net inflows of $1.8 billion in March and $4.6 billion for the first quarter of the year. Impressively, three of GQG's four flagship strategies outperformed their benchmarks during the quarter, as the company repositioned its portfolios to achieve higher certainty of earnings in the current market environment.

PolyNovo Delivers Record Monthly Sales

PolyNovo Limited (PNV) also had a standout performance, reporting record monthly sales of A$11.9 million in March 2025, up 71.1% from the prior year. The company saw strong growth across its key markets, with U.S. sales up 92.6% to A$9.3 million and the U.K. recording a 139.8% increase to A$0.9 million. PolyNovo's Chairman, David Williams, commented that the company has "an enviable array of ways to expand indications in existing markets, expand our international footprint, and introduce new products to drive revenue growth."

Austco Expands with G&S Technologies Acquisition

Rounding out the news, Austco Healthcare Limited (AHC) has entered into a binding term sheet to acquire 100% of New Zealand-based G&S Technologies, a leading provider of integrated communication and security systems for healthcare facilities. The proposed acquisition aligns with Austco's strategic objectives of expanding its direct sales capability, driving accelerated growth, and enhancing its portfolio of solutions to better serve healthcare markets. G&S Technologies achieved NZ$22.9 million in revenue and NZ$2.9 million in EBITDA in the 12 months to March 2025, and the acquisition is expected to be immediately earnings per share accretive for Austco.