Daily Roundup

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Stealth Secures $6M in iPhone 17 Accessory Pre-Sales

Stealth Group Holdings Ltd (ASX: SGI) reports a significant 50% increase in pre-order sales for mobile accessories aligned to Apple's iPhone 17 launch, securing approximately $6.0 million in pre-sales. These orders are backed by guaranteed customer purchase commitments, with revenue to be recognized across September and October 2025, in line with the global iPhone 17 release.

The iPhone launch cycle remains one of the most significant seasonal demand events in consumer electronics. With pre-sales secured and inventory flowing, Stealth is well-positioned to capture continued sell-through momentum across Q2 FY26. Distribution spans across major national retail and telco channel customers, including JB Hi-Fi, Officeworks, Retravision, Vodafone, and leading online platforms. Post-launch sales are expected to accelerate across convenience retail and marketplaces.

This pre-sales uplift reflects the success of Stealth's strategic investment in its Force Technology consumer division and its expanded portfolio of high-demand brands, including OtterBox, EFM, CASETiFY, and Case-mate. All inventory is manufactured back-to-back with committed orders, ensuring capital efficiency and margin protection.

Beyond the initial launch, Stealth anticipates strong accessory demand driven by high attach rates, growing brand loyalty, and expansion into adjacent mobile accessory categories via its wider brand portfolio. This result affirms the success of Stealth's brand-led, channel-aligned strategy and contributes to the Group's FY28 strategic goals, focused on margin expansion, exclusive brand growth, and scalable recurring revenue.

Resource Development Group Enters Voluntary Administration

Mineral Resources Limited (MinRes) notes the announcement by Resource Development Group Limited (RDG) that the RDG Board has appointed voluntary administrators. MinRes is a secured creditor of, and holds 64.31% of the issued shares in RDG.

MinRes has been reviewing its arrangements with RDG, including a request from RDG for a cash advance against existing loan arrangements to meet operating expenses, which the MinRes Board recently determined not to provide. The MinRes nominees on the board of RDG were excluded from this review process and decision. MinRes understands that the decision to enter voluntary administration was subsequently made by the RDG Board.

MinRes has offered to provide the Administrators with funding up to the date on which the Administrators hold the second meeting of RDG's creditors. The terms of this funding are still being finalized between MinRes and the Administrators. MinRes is assessing the carrying value of RDG's assets in its financial statements and expects to recognize a non-cash impairment expense in its FY25 results. MinRes will seek to protect its position through the administration process in the best interests of shareholders.

WiseTech Global Appoints New CEO

The Board of WiseTech Global Ltd (ASX:WTC) has announced the appointment of Mr. Zubin Appoo as the permanent Chief Executive Officer of the company, effective immediately. Zubin succeeds Andrew Cartledge, who has served as Interim CEO from October 2024 and will retire as previously announced at the end of calendar 2025.

Zubin is a proven technology leader with over 20 years' experience in leading and growing teams that deliver strategic outcomes and commercialize market-disrupting products. He had a foundational role in the rapid growth of WiseTech between 2004 and 2018, working directly with Co-Founder and then-CEO Richard White in shaping WiseTech's growth strategy.

Reporting directly to the Board, Zubin will have full accountability for the performance and growth of the business, including leadership across operations, people, culture, product delivery and commercial performance. He will collaborate with and support Co-Founder and Executive Chair, Richard White, with long-term product vision, innovation and strategic investment.

Zubin is looking forward to working with the Board, senior leadership team, and the wider WiseTech family to drive long-term growth and expand the company's vision to be the operating system for global trade and logistics.

Botanix Pharmaceuticals Reports Q4 FY2025 Results

Botanix Pharmaceuticals reported strong Q4 FY2025 results for its lead product Sofdra (sofpironium topical gel, 12.45%), with total prescriptions shipped growing by 324% from 3,222 in Q3 to 13,647 in Q4. This was driven by higher new patient arrivals (7,053 in Q4 vs 2,975 in Q3) and strong refill rates. Unique prescribers grew 115% from 1,075 at Q3 exit to 2,316 at Q4 exit.

Q4 gross sales of Sofdra were $20.4 million (vs $4.8 million in Q3) and net revenue to Botanix was $4.3 million (vs $0.7 million in Q3). The company exited June with a Gross to Net (GTN) of 23% and aims to achieve an average GTN in the range of 30%-40% over time.

The company raised $40 million via an institutional placement and secured a $30 million debt facility, resulting in a strong balance sheet with $64.9 million in cash at 30 June 2025. The sales force was expanded from 27 to 33 in Q1 FY2026, with a further planned expansion to 50 sales professionals in Q2 FY2026 to support the growing Sofdra launch.

Vysarn Ltd Delivers Record FY25 Results

Vysarn Ltd, an integrated and multi-disciplinary 'end-to-end' water solutions provider, has delivered a record financial performance in FY25. The company reported operational revenue of $106.5m, up 40% on FY24 and 64% on FY23. EBITDA increased 31% to $21.4m, while NPBT rose 36% to $15.0m.

Vysarn's transformative acquisitions, including CMP Consulting Group and WWS, have delivered strong earnings contributions. The company's four business segments - Industrial, Advisory, Technology, and Asset Management - all performed well, with the Industrial and Technology divisions delivering particularly strong results.

Vysarn is targeting further material earnings growth in FY26, with the aim of maintaining the 2HFY25 run-rate. The company is focused on capitalizing on current widespread demand, finalizing integrations, and optimizing operations across all segments. Vysarn remains acquisitive for value-accretive and scalable, capital-light businesses, and is pursuing strategic collaborations with local and international water leaders.