Daily Roundup

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Yancoal Boosts Stake in Moolarben Joint Venture

Yancoal Australia Ltd has made a strategic move to increase its interest in the Moolarben Joint Venture (MJV). Through its wholly owned subsidiary, the company has entered into a binding agreement to acquire an additional 3.75% stake in the MJV for A$110.5 million. This acquisition will raise Yancoal's economic interest in the venture from 95% to 98.75%.

The transaction, which is subject to various approvals and consents, will be funded through Yancoal's cash reserves and future operating cash flows. The A$110.5 million consideration includes an upfront payment of A$25 million, with the remaining A$85.5 million to be paid in coal price-linked quarterly installments over the next five years.

Connexion Mobility Reports Strong Q4 FY25 Results

Connexion Mobility, a leading provider of mobility SaaS platforms, has reported a solid performance for the fourth quarter of the 2025 financial year. The company saw revenue growth across key areas, including Connexion subscriptions, vehicle inventories, and feature-enhancement delivery.

Despite increased investment in sales and marketing, Connexion maintained steady gross profit and recorded a 7% increase in net profit before tax compared to the previous quarter. The company's focus on growing long-term shareholder value through strategic and financial objectives appears to be paying off.

Connexion's mission is to be the 'Connexion' between fleet owners and the future of mobility, and the company is actively exploring alternative, profitable uses for its capital, including potential mergers and acquisitions.

Autosports Group Expands into Canberra with Porsche Centre Acquisition

Autosports Group Limited has announced a strategic acquisition that will expand its footprint into the Australian Capital Territory market. The company has entered into an agreement to acquire the business and assets of Gulson Canberra, including the Porsche Centre Canberra, for approximately $13 million.

This acquisition aligns with Autosports Group's growth strategy in the prestige and luxury automotive brand segment. The Gulson Canberra business operates Porsche, Fiat, Alfa Romeo, Leapmotor, Abarth, and Jeep franchises in the nation's capital.

The transaction, which is expected to be completed in September 2025, is subject to the satisfaction of certain conditions, including obtaining consents from the relevant motor vehicle manufacturers.

BHP Delivers Record Copper and Iron Ore Production

BHP, the global mining giant, has reported record production levels for both copper and iron ore in the year ended 30 June 2025. The company's copper production exceeded 2 million tonnes, an 8% increase year-on-year, while iron ore production reached a record 263 million tonnes, up 1% from the previous year.

BHP's operational excellence and continued investments in its infrastructure hubs have been instrumental in driving these impressive results. The company's South Flank operation in Western Australia exceeded nameplate capacity in its first full year of production, further strengthening BHP's iron ore performance.

The company also provided an update on its Jansen potash project, revising the capital expenditure estimate to a range of US$7.0 billion to US$7.4 billion, with first production now expected in mid-2027.

EVZ Provides FY2025 Earnings Guidance

EVZ Limited, a leading provider of technical services in the Energy & Resources and Building Products sectors, has released its earnings guidance for the 2025 financial year. The company expects to deliver revenue between $108 million and $110 million, with an EBITDA forecast of $5.2 million to $5.4 million.

This guidance is based on the company's preliminary unaudited financials, with the final audited results expected to be released in late August 2025. EVZ's multidisciplined capabilities, which combine innovation, engineering experience, and project delivery expertise, have enabled the company to create value for its clients across the energy, mining, infrastructure, and construction sectors.