Daily Roundup

BIO.ASX APE.ASX BVS.ASX AVA.ASX IMB.ASX

Biome Reports Record Quarterly Sales Revenue

Biome Australia Ltd (ASX: BIO), a microbiome health company, has reported record quarterly sales revenue of $5.94 million for Q1 FY26. This result exceeded the company's forecast target by 8%, representing a 40% increase compared to the prior corresponding period and a 19% increase quarter-on-quarter. Biome's strong growth trajectory places it on track to achieve its Vision 27 three-year revenue guidance of at least $75 million.

The company's Activated Probiotics brand has delivered more than 50% sell-through growth in pharmacy over the past 12 months, compared to expected category growth of only ~6%, demonstrating the strength of Biome's market position and product demand. With an annualised run rate of $23.7 million, the company remains confident in its ability to continue this momentum through the remainder of FY26.

Eagers Automotive Requests Trading Halt and Releases Cleansing Notice

Eagers Automotive Ltd (ASX: APE) has requested a trading halt on its shares, pending the release of an announcement regarding a potential acquisition and the outcome of the institutional component of an accelerated entitlement offer. The company has also released a cleansing notice related to the issue of new shares as part of its normal business activities.

Mitsubishi Invests in Eagers Automotive

In a strategic move, Eagers Automotive Ltd has announced that Mitsubishi Corporation, a global conglomerate, will be acquiring a significant stake in the company. This partnership is expected to accelerate Eagers' growth and innovation in the automotive retail sector, leveraging Mitsubishi's extensive global expertise and resources. The investment will see Mitsubishi become a major shareholder in Eagers, further strengthening the long-standing relationship between the two companies.

Eagers Automotive Announces Investor Presentation and Acquisition of CanadaOne Auto Group

Eagers Automotive Ltd has released an investor presentation outlining its plans for the acquisition of CanadaOne Auto Group, a leading Canadian automotive retailer, for C$2.145 billion. The company will acquire a 65% stake in CanadaOne, with the founders retaining a 35% interest. The transaction will be funded through a combination of share issuance and cash. This strategic move aligns with Eagers' broader expansion strategy and is expected to enhance the company's presence in the Canadian market.

Bravura Updates FY26 Guidance

Bravura Solutions Limited (ASX: BVS) has updated its FY26 guidance, with revenue expected to be between $265 million and $275 million, and Cash EBITDA expected to be between $55 million and $65 million. The improved outlook is driven by continued strength of the GBP, a higher level of project revenues, particularly with Bravura's Wealth customers in EMEA, and a continued focus on operational efficiency.

Ava Risk Group Secures Contracts for Aura Ai-X Systems

Ava Risk Group Limited (ASX: AVA) has announced the securing of two contracts totaling $0.9 million for the supply of its Aura Ai-X fibre sensing technology and associated services. The contracts are for border protection in Latvia and a major Australian transport infrastructure project, showcasing the versatility of Aura Ai-X in providing sensing solutions for critical infrastructure assets.

Intelligent Monitoring Group to Acquire BNP Securities

Intelligent Monitoring Group Ltd (ASX: IMB) has entered into an agreement to acquire BNP Securities Pty Ltd, a leading provider of traditional security manpower solutions, for $4.2 million. The acquisition is expected to be immediately earnings accretive, generating $1.4 million in pro forma annualized EBITDA, and will strategically expand IMB's ADT Guard division into the large security guarding market.