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Market Wrap: Strong Quarterly Results and Strategic Shifts Highlight the Day

XRF Scientific Delivers Solid Q3 Performance

XRF Scientific Ltd reported a strong September quarter, with revenue up 16% to $15.3 million and profit before tax climbing 7% to $3.4 million. The company's international operations, particularly in Canada, Belgium, and Germany, were key drivers of this robust performance. Demand for the company's Orbis crushers also remained strong, with sales doubling year-over-year.

EROAD Refocuses on ANZ Opportunities

EROAD announced a strategic shift to enhance its focus on the significant emerging opportunity in electronic road user charging (eRUC) in Australia and New Zealand. This includes changes to governance, with John Scott appointed as Executive Chair and Mark Heine as CEO. The company also revised its FY2026 guidance, now expecting revenue of $197-$203 million and annualized recurring revenue of $175-$183 million. EROAD is well-positioned to support the New Zealand government's plans to transition all vehicles to eRUC.

Connexion Mobility Launches Share Buyback

Connexion Mobility Ltd has announced an on-market share buyback of up to 160,253,329 shares. The buyback, approved by shareholders at the recent AGM, will commence on October 17, 2025 and run until October 16, 2026. The company cited ongoing capital management as the reason for the buyback.

PWR Holdings Transitions Leadership, Delivers Solid FY2025

PWR Holdings Ltd provided an update on its 2025 Annual General Meeting, including the transition of leadership. Managing Director Kees Weel will step down and become Non-Executive Chairman, with Matthew Bryson appointed as Acting CEO. Despite challenges, PWR delivered a solid FY2025 performance, with revenue of $130.1 million. The company enters FY2026 with a strong order book and is focused on innovation, profitable growth, and sustainability.

Fiducian Group Reports Strong Quarterly Cash Flows

Fiducian Group Ltd released its Appendix 4C quarterly cash flow report, highlighting a net inflow of $102 million to its core platform and a total Funds Under Management, Administration and Advice of $15.6 billion. The company's badged platform and Auxilium fund balance also grew to $256 million, with a net inflow of $5 million for the quarter.