Daily Roundup

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VEEM Secures 6-Year, $65M Defence Contract with ASC

VEEM Ltd has signed a 6-year, $65 million contract renewal with ASC Pty Ltd to continue providing specialized parts for the maintenance of Australia's Collins Class submarines. The renewed agreement reaffirms VEEM's long-standing relationship and reputation for precision engineering.

Based on preliminary unaudited results for FY25, VEEM expects to report revenue in the range of $68m to $69m, EBITDA in the range of $8.5m to $9.5m, and NPAT in the range of $2.75m to $2.85m. While ASC revenue is expected to decline 60% in FY25, VEEM plans to build upon the stronger 2HFY25 performance into FY26 based on the renewed contract.

Tyro Payments Ltd Pauses Trading

Tyro Payments Ltd has announced a temporary pause in trading of its securities, pending a further announcement from the company. The reason for the trading pause has not been disclosed.

Tyro Payments Ltd Requests Trading Halt

Tyro Payments Ltd has requested a trading halt of its securities on the ASX, effective immediately. The trading halt has been requested to enable the company to provide an announcement required as a result of a price query letter from the ASX. The trading halt will remain in place until the earlier of the release of the announcement and the commencement of trading on Thursday, 14 August 2025.

Tyro Payments responds to ASX price query

Tyro Payments has responded to an ASX price query, confirming it is aware of undisclosed information that could explain recent trading in its securities. The company has requested a trading halt to formulate an appropriate announcement.

Beonic Secures A$3.74M Capital Raise

Beonic (ASX: BEO) has secured A$3.74 million in capital to accelerate its growth strategy, provide working capital, and refinance existing indebtedness. The capital raise is anchored by the company's largest shareholder, Thorney Investment Group, and demonstrates strong support from existing shareholders.

The funds raised will be strategically deployed to accelerate the company's product roadmap and innovation initiatives, repay existing indebtedness maturing in January 2026, and accelerate the North African Airport Project.

Southern Cross Electrical Engineering Ltd wins over $110m in services and manufacturing awards

Southern Cross Electrical Engineering Ltd has been awarded over $110m in services and manufacturing contracts, including renewals with long-term clients Energy Queensland and Newmont as well as a new contract to supply switchboards and communications panels for the Sydney Metro - Western Sydney Airport project.

Life360 Inc. reports Q2'25 results

Life360 Inc. reported strong Q2'25 results, with total revenue increasing 34% year-over-year to $219.0 million and subscription revenue growing 34% to $170.5 million. The company also achieved net income of $11.4 million, compared to a net loss of $20.7 million in the prior year period.

Life360 expects full-year 2025 revenue to be in the range of $850 million to $900 million, representing growth of 30% to 38% compared to 2024. The company also anticipates full-year 2025 net income to be in the range of $45 million to $55 million.

Life360 Reports Record Q2 2025 Results

Life360 delivered record results across key metrics including Monthly Active Users, Paying Circles, Subscription Revenue, and Annualized Monthly Revenue. The company also reported continued margin expansion and raised full-year guidance for both revenue and Adjusted EBITDA.