Daily Roundup

GLH.ASX WDS.ASX DSE.ASX MDR.ASX NST.ASX

Strong Q1 Reporting Across Multiple Sectors

Global Health Ltd Delivers Solid Quarterly Results

Global Health Ltd (ASX: GLH) has released its Q3 FY25 Quarterly Business Activity Report and Appendix 4C. Despite a $299K decrease in closing cash balance due to the end of a major contract, the company saw YTD sales exceed the previous year's total new sales. Global Health expects new sales to more than cover the lost income, and it continues to invest in research and development for future revenue applications. The Australian healthcare sector remains challenging, but the company's community-based platforms, especially in mental health, are seeing growth.

Woodside Energy Maintains Impressive Performance

Woodside Energy Group Ltd (ASX: WDS) reported a strong operational and financial performance in Q1 2025. The company maintained exceptional production from the Sangomar field, with total quarterly production up 9% from Q1 2024. Woodside also made significant progress on its major growth projects, which remain on schedule and budget. The company signed new long-term LNG supply agreements, further strengthening its marketing position. Woodside expects the Sangomar field's depreciation, depletion and amortization rate to decrease in 2025, and the company continues to advance its other major projects.

Dropsuite Delivers Record Quarterly Results

Dropsuite Limited (ASX: DSE), a global cloud backup and archiving software provider, has reported outstanding Q1 FY25 results. The company achieved record annual recurring revenue of $53.6 million, up 37% on the previous corresponding period, driven by user growth of 45% to 1.79 million paid users. Dropsuite maintained healthy margins and low churn, while continuing to invest in product development, global sales expansion, and customer service capabilities. The company expects to maintain positive cashflow and profitability for FY25 and remains focused on driving product innovation and growth through its partner ecosystem.

MedAdvisor Requests Trading Halt

MedAdvisor Ltd (ASX: MDR) has requested a trading halt in its securities pending an announcement related to a court order under the Corporations Act. The trading halt will remain in place until the announcement is made or trading resumes on April 29.

De Grey Mining Scheme Becomes Effective

De Grey Mining Ltd (ASX: DEG) has announced that its acquisition by Northern Star Resources Ltd (ASX: NST) via a scheme of arrangement has become legally effective. De Grey shares will be suspended from trading, and scheme consideration will be issued to eligible shareholders on 5 May 2025. A non-binding draft ATO class ruling provides CGT scrip-for-scrip rollover relief for eligible De Grey shareholders.