Daily Roundup

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Constellation Resources Raises Funds for Exploration

Constellation Resources Ltd is making a non-renounceable pro-rata entitlement offer to raise approximately $2.52 million. The offer will see the company issue 1 new share at $0.12 per share for every 3 shares held by eligible shareholders. The funds will be used to support exploration activities at the company's projects in Western Australia and for general working capital purposes.

Auckland Airport Offers Discounted Charges

Auckland International Airport Ltd (AIA) has announced that it will be offering discounted standard charges for the upcoming PSE4 regulatory period, which begins on 1 July 2025. This decision is aimed at supporting airlines and passengers during the ongoing recovery of the aviation industry. By reducing the standard charges, AIA hopes to alleviate the financial burden on airlines, allowing them to invest in their own recovery and expansion plans.

Solvar Acquires Stake in Earlypay

Solvar Limited, a leading provider of automotive finance, has acquired a 19.9% stake in Earlypay Limited, a provider of working capital finance to Australian SMEs. Earlypay offers equipment finance and invoice finance products, which assist SMEs with growth and cash flow management. Solvar's investment aligns with the company's strategy to provide funding solutions to underserviced markets.

Duratec Revises Guidance, Remains Confident

Duratec Limited has revised its FY25 guidance, lowering revenue to $570m-$585m and EBITDA to $50m-$53m due to project delays and weather disruptions. However, the company remains confident in its business model and expects a recovery in the short term. After a slow start to the calendar year, May and June are showing strong performance, and Duratec expects the delayed projects to be awarded in the coming months, supporting positive momentum into 1H FY26.