Daily Roundup

MIN.ASX KNO.ASX AER.ASX WHC.ASX CCA.ASX

Strong Quarterly Performance Across Mineral Resources' Diversified Portfolio

Mineral Resources Limited (ASX: MIN) reported a solid Q3 FY25, with continued ramp-up at its Onslow Iron operations, weather-impacted production at the Pilbara Hub, and robust lithium performance.

The Onslow Iron project shipped 3.6Mt during the quarter as the ramp-up progressed, though FY25 guidance was lowered slightly to 8.5-8.7Mt. The Pilbara Hub saw production and shipments impacted by Tropical Cyclone Sean, but the company maintained its FY25 volume and cost guidance.

Lithium remained a standout, with Mineral Resources' attributable spodumene production across Wodgina and Mt Marion reaching 133k dry metric tonnes. The company increased Mt Marion's FY25 volume guidance to 185-200k dmt.

Amid the operational activity, Mineral Resources continued to focus on cost reduction initiatives, with around 1,740 roles reduced across the business since the start of FY25. The company maintains a strong liquidity position, with over $1.25 billion in cash and undrawn facilities.

Knosys Delivers Record Recurring Revenue, Invests in Library-Tech

Knosys Ltd (ASX: KNO) reported an impressive Q3 FY25, with its Annual Recurring Revenue run rate reaching a record $9.8 million. This was driven by strong client retention, including major enterprise contract renewals, and new customer wins.

The quarter saw Knosys strengthen its library business, launching the new Libero mobile app and upgrading the Libero 6 Library Management System. These new offerings are currently being evaluated by a number of prospective clients.

Knosys generated positive operating cash flow of $0.5 million for the quarter, ending March with a cash balance of $3.9 million. The company will continue to invest in developing its AI-enabled library solutions, with commercial revenue from these initiatives expected from FY26 onwards.

Aeeris Progresses Technological Advancements and Strategic Realignment

Aeeris Ltd (ASX: AER) delivered a constructive Q3 FY2025, marked by technological progress, strategic realignment, and a strong operational response to the impacts of Tropical Cyclone Alfred.

The company reported increases in both Annual Recurring Revenue and Annual Revenue per Customer, supported by new contracts across key industries. Aeeris will formally end its partnership with Weatherwatch in the upcoming quarter, a strategic move that will see the company bring hail and additional forecasting capabilities in-house using newly developed proprietary technology.

This transition is expected to reduce third-party costs and empower Aeeris to control more of the value chain, develop AI-assisted innovations, and expand its product suite faster in response to client needs.

Whitehaven Coal Delivers Solid Production and Sales Volumes

Whitehaven Coal Limited (ASX: WHC) reported continued solid production and sales in the March quarter, with managed ROM production of 9.2Mt and total equity sales of 6.3Mt.

Both Queensland and New South Wales operations tracked well on a year-to-date basis, and the company remains on course to deliver in the upper half of FY25 production and sales guidance, and at the low end of full year cost guidance.

Whitehaven is well-positioned to manage through the current uncertain pricing environment, with a focus on cost and margin management, and prudent capital allocation to maintain a strong balance sheet. The company is also optimistic about the longer-term outlook for metallurgical and high-CV thermal coal markets.

Change Financial Achieves Record Revenue Quarter

Change Financial Ltd (ASX: CCA) delivered a standout Q3 FY25, reporting record customer receipts of US$3.8 million (A$5.9 million), up 50% on the prior corresponding period. Q3 revenue of US$3.9 million (A$6.1 million) was also a new high, representing a 30% increase year-on-year.

The strong financial performance was driven by growing Platform-as-a-Service (PaaS) revenue and continued delivery of one-off licence sales and professional services. Approximately 74% of FY25 year-to-date revenue was derived from recurring income streams.

Change Financial is confident of achieving its FY25 targets of revenue growth over 30% and a maiden Underlying EBITDA positive result. The company will focus on building the sales pipeline, winning new deals, and driving operational efficiencies to deliver top and bottom-line growth.