Daily Roundup

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HMC Capital Completes Neoen Vic Assets Acquisition

HMC Capital has completed the acquisition of Neoen Australia's Victorian assets, adding 652MW of operational assets and a 2.8GW development pipeline to its energy transition platform. The company has also welcomed the Neoen Victorian Development Team to progress near-term projects, including the up to 600MW Moorabool BESS and 600MW Kentbruck Wind Farm.

The Neoen VIC Portfolio delivered unaudited EBITDA of $64 million for the twelve months to 30 June 2025, increasing ~6.5% on the prior corresponding period. HMC has appointed global private capital advisor Campbell Lutyens to undertake a process to introduce third party capital into the Energy Transition Platform, given the unique scale and quality of the platform.

HMC's focus is on integrating the Neoen Victorian assets into its platform and generating maximum value for investors. The company remains confident in the quality and value of the asset base and the strong fundamentals underpinning its investment thesis around Energy Transition.

Dynamic Metals and Mineral Resources Amend Widgiemooltha Lithium JV

Dynamic Metals and Mineral Resources have amended the terms of their Widgiemooltha Lithium Joint Venture, extending the earn-in period and reducing the Stage 2 expenditure commitment while refining the tenement package. The parties have executed a formal joint venture agreement and mineral rights sharing agreement, based on the March 2024 binding term sheet.

The revised structure reflects a collaborative and pragmatic approach by both parties in light of the current challenges facing the lithium sector. Dynamic will continue to focus on the gold opportunities in the remainder of its portfolio.

WT Financial Group Ltd Reports 21% Increase in FY2025 Underlying NPBT

WT Financial Group Ltd has reported a 21% increase in underlying net profit before tax to $5.4M for FY2025, driven by strong revenue growth and improved profitability across its wealth management and financial advice businesses. Revenue & Other Income for the underlying business was up by 16.5% to $216.1M, with Gross Profit expected to be up by 17.2% to $21.1M.

Operating Cashflow was $5.8M, with Cash and Cash Equivalents up 22.3% to $9.8M at year end. The company's focus on driving growth and efficiency across its operations has delivered these impressive financial results.

Investor Presentation - KCGM Site Visit

Northern Star Resources Ltd has provided an investor presentation on its KCGM operations, a key global gold asset that contributed 419koz of gold sold in FY25. The presentation highlights the company's plans to expand the mill capacity, unlock future mining areas, and develop a world-class underground operation to drive long-term growth.

The open pit, underground, and stockpile ore sources that feed the existing 12Mtpa Fimiston processing plant are being expanded to 27Mtpa by FY29. Significant focus is placed on the geological potential of KCGM, with a 104% increase in Mineral Resources and 48% increase in Ore Reserves since acquisition. Northern Star's internal mining services provider is also highlighted as a strategic advantage.

Smartpay Receives Overseas Investment Office Consent for Scheme

Smartpay Holdings Ltd has announced that Shift4 Payments, LLC has obtained the required consent from the Overseas Investment Office for the proposed acquisition of Smartpay under a scheme of arrangement. The scheme remains subject to various other conditions, including the approval of Smartpay shareholders, there being no 'material adverse change' and other customary conditions.