Daily Roundup

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Goodman Group Announces Dividend

Goodman Group has some good news for its shareholders - the company has declared a dividend of AUD 0.15 per security. The ex-date is set for June 27, 2025, with the record date on June 30 and the payment date slated for August 26. This dividend is 100% unfranked, and Goodman will provide further details on the income tax components on August 22.

Cogstate Upgrades FY25 Guidance

Over at Cogstate, the company is feeling optimistic about its financial performance. Cogstate has upgraded its guidance for the 2025 fiscal year, expecting revenue to come in between $52 million and $54 million - an impressive 20-24% improvement over the prior year. Profit before tax is also forecast to be in the $12-$14 million range, up 69-97% compared to the previous year. Cogstate credits its strong performance and improved outlook across key metrics for this upgraded guidance.

Collins Foods Reports FY25 Results

Collins Foods has released its full-year results for fiscal 2025, and it's a mixed bag. The company saw revenue from continuing operations rise 2.1% to a record $1.52 billion, driven by growth in Australia that offset softness in Europe. However, underlying EBITDA was flat at $228.5 million, and underlying net profit after tax declined 14.8% to $51.1 million, impacted by cost inflation, especially in the first half. Looking ahead, Collins is targeting low-to-mid-teen percentage growth in underlying NPAT for fiscal 2026.

Collins Foods Exits Taco Bell

As part of its strategic review, Collins Foods has decided to exit its Taco Bell business to focus on growing its core KFC operations in Australia and Germany. The company will work with Taco Bell International to transition the Taco Bell business to new ownership. This move comes as Collins reported a 2.1% increase in group revenue to $1.52 billion, though underlying profit fell 14.8% to $51.1 million in FY25.

FOS Capital Completes Aldridge Acquisition

In other news, FOS Capital has successfully completed the acquisition of Aldridge Traffic Systems from the Traffic Technologies group. FOS raised $3.7 million through a share placement to fund the acquisition and provide working capital. The deal is expected to expand FOS's presence in the Australian lighting solutions market as the company aims to increase its market share from 5% to 15% in the medium term.

Kip McGrath Exits USA, Maintains Growth Elsewhere

Kip McGrath Education Centres is making some changes - the company is exiting its unprofitable USA operations after recognizing a $5 million asset write-off. However, the news isn't all bad, as Kip McGrath expects its underlying revenue (excluding the USA) to grow 6.3-7.3% in fiscal 2025, with underlying EBITDA forecast to rise 15.7-21.4%. The company is also preparing for a new CEO to start in the second half of 2025.