Daily Roundup

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Yancoal Australia Delivers Solid 2024 Results, Focuses on Safety and Sustainability

Yancoal Australia Ltd held its 2025 Annual General Meeting, where the company reported a strong financial performance in 2024. Revenue reached $6.86 billion, and the company generated EBITDA of $2.58 billion, representing a healthy 37% margin. Profit after Tax came in at $1.22 billion, with earnings per share of $0.92.

While Yancoal's safety performance remained below the industry average in 2024, the company remains committed to improving this trend through targeted intervention activities. On the sustainability front, Yancoal published its 2024 Sustainability Report, integrating key Environment, Social, and Governance (ESG) information and disclosures.

Goodman Group Maintains Forecast, Expands Data Centre Footprint

Goodman Group provided an update on its Q3 FY25 operations, reaffirming its forecast 9% growth in Operating Earnings per Share for the full year. Despite economic and trade uncertainties, the company's long-term structural demand drivers remain intact.

Goodman has a significant $13.7 billion development pipeline, with over 50% focused on data centres. To support this growing demand, the company is expanding its global power bank to 5.0 GW across 13 major cities. This will enable Goodman to commence new powered shell and fully fitted data centre projects by June 2026.

IPG Group Forecasts Earnings Decline, but Sees Revenue Growth

IPG Group has provided guidance for its FY25 earnings, forecasting EBITDA in the range of $45.7 million to $46.3 million, down approximately 7.6% from the prior year's pro forma results. EBIT is expected to be between $38.6 million and $39.2 million, a decrease of around 9.1%.

While the company anticipates revenue growth across its core IPD, CMI Minto Plugs, and EX Engineering businesses, headwinds in the CMI Cables and Addelec segments are expected to weigh on overall performance. IPG Group remains focused on efficiently servicing future growth opportunities.

RAS Technology Delivers Strong Annualised Recurring Revenue Growth

RAS Technology Holdings Limited (ASX: RTH) has announced a significant increase in its annualised recurring revenue (ARR), which now stands at $21.1 million. This includes a $1.1 million contribution from the company's recent acquisition of leading Hong Kong-based racing data and editorial publications.

The strong ARR growth reflects RAS Technology's success in securing new deals and contract extensions, reinforcing its market position and customer relationships. With a robust pipeline of opportunities and an expanded geographic footprint, the company is well-positioned to continue its growth trajectory.

Smartpay Reports FY25 Results, Enters New Zealand Acquiring Market

Smartpay Holdings Ltd has reported its FY25 results, showcasing an 8.5% increase in consolidated revenue to $104.7 million. However, the company's EBITDA of $16.6 million was impacted by a $4.9 million investment in entering the New Zealand acquiring market.

During the year, Smartpay commenced its NZ acquiring pilot and acquired NZ terminal contracts, laying the groundwork for its expansion into this new market. The company also continued to invest in modernising its core platforms and technology infrastructure, setting the stage for future growth and product development.