Daily Roundup

PGH.ASX HSN.ASX MAQ.ASX IKE.ASX DRO.ASX

Pact Group Exits the ASX

After nearly two decades as a publicly traded company, Pact Group Holdings Ltd (PGH) has announced that it will be delisting from the Australian Securities Exchange (ASX). The company has requested a suspension of its securities, effective at the close of trading on Monday, July 14, 2025, pending its removal from the ASX official list.

While the reasons for Pact Group's decision to delist have not been explicitly stated, the move suggests the company may be undergoing a strategic shift or reevaluating its public market presence. Investors will no longer be able to trade PGH shares on the ASX after next Monday's close of business.

Hansen Technologies Boosts Profit Outlook

In more positive news, software provider Hansen Technologies (ASX: HSN) has announced an upward revision to its fiscal year 2025 (FY25) earnings guidance. The company now expects its Underlying EBITDA margin to reach approximately 28% in FY25, up from previous estimates, with Cash EBITDA margin projected at around 24%.

Hansen attributes the improved profitability to enhanced operating efficiencies, disciplined cost management, and a positive contribution from its recent powercloud acquisition. While some revenue will shift to FY26 due to project timing, Hansen remains optimistic about its growth potential, citing a solid pipeline of committed business.

Macquarie Expands Data Centre Footprint

Macquarie Technology Group (ASX: MAQ) is making a strategic move to bolster its data centre capabilities. The company's Macquarie Data Centres subsidiary has entered into an option to purchase a large parcel of land in Sydney, where it plans to develop a new data centre campus.

The proposed campus is expected to deliver over 150 megawatts of IT load, catering to the growing demand from hyperscale, AI, cloud, and government clients. Macquarie's investment in this new facility aligns with its strategy to develop campus-style data centres in desirable city locations.

IKE Raises $18 Million in Placement

Utility and communications technology provider IKE Group Ltd (ASX: IKE) has successfully completed an $18 million capital raise through a fully underwritten placement. The company also plans to offer a non-underwritten $2 million share purchase plan to eligible existing shareholders.

The proceeds from the equity raise will be used to fund new product development, accelerate sales and marketing efforts, and provide balance sheet flexibility for potential strategic acquisitions. IKE is developing two new subscription-based product modules in collaboration with its customer base, aimed at enhancing its market-leading position.

DroneShield Expands R&D and Manufacturing

Rounding out the day's announcements, defence technology company DroneShield Ltd (ASX: DRO) is investing $13 million to significantly expand its R&D and manufacturing capabilities. This includes a new 3,000-square-meter production facility in Sydney and a 2,500-square-meter expansion of its R&D area.

The expansion comes as DroneShield experiences record global demand for its counter-drone and electronic warfare solutions, including major contract wins in Europe, Latin America, and with the Five-Eyes alliance. The company's total annual manufacturing capacity is expected to reach $2.4 billion by the end of 2026 to meet this growing demand.