Daily Roundup

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Strong Quarterly Results Across the Board

Karoon Energy has announced that its CEO and Managing Director, Dr. Julian Fowles, will be departing the company by mid-2026. This follows a decision to relocate key corporate roles to Brazil and the United States. The Karoon Board is leading a global search for a new Houston-based CEO/MD to succeed Dr. Fowles, who will remain in his current role until the earlier of the new appointment or the end of 2025.

Over at Readcloud Ltd, the company has reported a 35% increase in cash receipts for the June 2025 quarter compared to the prior year, reaching $4.6 million. The VET-in-Schools business continued its strong growth, up 27% year-to-date, while the company's domestic direct eBook revenue also increased 13%. Readcloud remains in a solid financial position with $3 million in cash and no debt.

Generation Development Group (GDG) delivered an outstanding performance across its three core businesses - Lonsec Research & Ratings, Generation Life, and Evidentia Group - during the June quarter. Highlights include Evidentia Group achieving 100% client retention and acquiring seven new clients, Generation Life recording over $1 billion in annual Investment Bond sales (a 55% increase), and Lonsec increasing on-demand ratings delivery to 64%. GDG is entering the new financial year with strong momentum.

Aerometrex has completed a strategic review, delivering immediate financial and operational gains. The company achieved $2 million in cost reductions through streamlined operations and is now focused on monetizing its extensive imagery, 3D, and LiDAR database. Aerometrex has also appointed industry veteran John Beresford as Head of Sales to accelerate growth.

Finally, Austco Healthcare Limited is reporting strong FY25 performance, with revenue up over 37% to $80-$82 million and EBITDA up over 54% to $12.5-$13.5 million. The company's recent Amentco acquisition has outperformed expectations, and Austco enters FY26 with a robust contracted revenue pipeline and confidence in its growth trajectory.

Overall, it's been an impressive quarter for these companies, with a range of positive developments across their operations, financials, and strategic initiatives. Shareholders will be pleased to see such strong results and a clear path forward for continued success.