Daily Roundup

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Biome Australia Forecasts Record Q1 FY26 Revenue

Biome Australia Ltd, a microbiome health company, has some exciting news to share. The company expects its Q1 FY26 sales revenue to surpass $5.5 million, setting a new quarterly record and exceeding the previous high of $5.0 million in Q4 FY25. Biome has continued to experience strong growth during the September quarter so far, demonstrating the strength of its innovative, evidence-based live biotherapeutics and complementary medicines.

Varroa Mite Detected at Select Harvests Orchard

In other news, Select Harvests Limited has reported the detection of varroa mite in bees at its Jubilee Orchard in South Australia. The company immediately notified the authorities and is working closely with them to contain the spread. Importantly, this detection has no impact on the company's 2026 almond crop or pollination across its orchards, which have been strong. Select Harvests is already planning ahead, commencing the sourcing strategy for bees across all its orchards for the 2027 crop, as the industry navigates the likely geographic expansion of varroa mite.

Sun Silver Extends Mineralisation at Maverick Springs

Turning to the mining sector, Sun Silver Limited has reported further impressive results from its ongoing exploration program at the Maverick Springs Silver-Gold Project in Nevada, USA. Drill hole MR25-212 has intercepted an extensive mineralised zone of 54.1 metres at 137 grams per tonne silver equivalent, including a high-grade interval of 6.25 metres at 506 grams per tonne silver equivalent. These results continue to demonstrate the quality and scale of the Maverick Springs deposit, reinforcing its status as one of the largest undeveloped primary silver projects in the United States.

COG Expands Salary Packaging Footprint with EasiFleet Acquisition

Finally, COG Financial Services Ltd has announced the acquisition of salary packaging and novated leasing business EasiFleet for $40 million. This strategic move strengthens COG's national coverage and positions the company well for upcoming government tenders. The acquisition is expected to be funded through a mix of COG's cash resources and debt facility, and the company is confident in the growth opportunities this presents.

Overall, it's been a busy day for the Australian business landscape, with several companies showcasing their resilience and ambition in the face of challenges and opportunities. We'll be sure to keep you updated on these and other developments in the days and weeks ahead.