Daily Roundup

ANG.ASX CSL.ASX GMG.ASX HSN.ASX RTH.ASX

Revised FY26 Guidance and Business Update for Austin Engineering Ltd

Austin Engineering Ltd (ASX: ANG) has revised its FY26 revenue and underlying EBIT forecasts due to several internal and external factors. The FY26 revenue guidance has been revised to a range of $370m - $380m, down from the previous range of $390m - $410m. Additionally, the FY26 underlying EBIT guidance from continuing operations is now a range of $30m - $34m, down from $40m to $46m previously.

The adjustments account for challenges with an OEM contract, operational disruption at a major customer's mine site in Indonesia, and excess steel wastage on products completed in Chile. Austin has implemented various measures to address these issues, including appointing a new Vice President for the Americas, upskilling the local management team in Chile, and implementing cost control and improved governance over expenses.

Despite the guidance revision, Austin has seen significant revenue growth in its North American business unit. However, profitability in FY26 is expected to be impacted by labour inefficiencies and outsourcing due to the rapid growth of this unit. The company is working to address these challenges through employment pipelines, skills development, and the continued use of Lean Manufacturing principles.

CSL Seqirus Outlines Strategic Vision at Capital Markets Day

CSL Seqirus, the influenza business of CSL Limited (ASX: CSL), presented its strategic vision at the company's Capital Markets Day event. The presentation highlighted the complexity of the influenza virus and the opportunities this creates for strategic differentiation.

CSL Seqirus emphasized its unique position in the market, driven by its specialized go-to-market approach, heritage of consistent outperformance, and a range of innovative technologies, including cell-based manufacturing, the MF59 adjuvant, and sa-mRNA. The company also discussed its operational excellence, pandemic preparedness, and customer-focused leadership, all of which position it to grow market share and create value.

Despite recent challenges in the US market due to vaccine hesitancy, CSL Seqirus expects a recovery in the medium-term, driven by factors such as rising disease burden, increased stakeholder momentum, and the launch of clinically enhanced solutions. The presentation outlined significant future growth opportunities for the business, including geographic expansion, share growth in key markets, and the launch of best-in-class new standards of care for improved health outcomes.

Goodman Provides Q1 FY26 Operational Update

Goodman Group (ASX: GMG) has delivered a strong Q1 FY26 operational update, highlighting progress in its development pipeline, data centre projects, and stable property fundamentals across its global portfolio.

Goodman's development work in progress stands at $12.4 billion as of 30 September 2025, with data centres representing 68% of this. The company is focused on speed to market, commencing construction, and activating sites to provide certainty of delivery.

Goodman's property investment portfolio remains stable, with 4.2% like-for-like annual net property income growth and 96.1% occupancy across the Partnerships. The total property portfolio has grown to $85.9 billion.

Looking ahead, Goodman expects current enquiry and customer activity to translate into increased opportunities in industrial development in FY27, with hyperscale capex programs growing strongly. The company is targeting 9% growth in Operating EPS for FY26, with development activity expected to be weighted towards the second half of the year.

Hansen to Acquire Digitalk, a Provider of MVNO and Carrier-Grade Platforms

Hansen Technologies Limited (ASX: HSN), a global provider of industry-specific software products and expertise, has announced the acquisition of 100% of the shares in Digitalk Group Holdings Ltd, a provider of Mobile Virtual Network Operator (MVNO) and carrier-grade platforms.

The purchase price for the acquisition is an enterprise value of £33.1 million (circa A$66.4 million), and the transaction is expected to be immediately accretive to Adjusted Earnings Per Share (EPSa). Digitalk's solutions are highly complementary to Hansen's Global Communications Suite, enabling integration and unlocking cross-sell opportunities.

The acquisition is expected to be completed by the end of the 2025 calendar year, subject to regulatory approvals and other closing conditions. Hansen's Global Chief Executive Officer and Managing Director, Andrew Hansen, commented that the acquisition of Digitalk is highly complementary and strongly aligned with Hansen's strategy to expand its global leadership in the communications and media industry.

RAS Signs Milestone Agreement with LeoVegas Group

RAS Technology Holdings Ltd (ASX:RTH), a leading provider of data and technology solutions to the global racing and wagering industries, has signed a commercial agreement with LeoVegas Group to take over the delivery of the racing service for its brands in the UK.

As part of the agreement, RAS will provide pre-race data, enhanced content, official race day data, and a fully Managed Trading Service (MTS), all delivered through a unified integration. The compensation structure for delivering the racing solution will be linked to a percentage of the Net Gaming Revenue (NGR) generated, and the deal is anticipated to provide material revenue for RAS from commencement.

The service is expected to transfer across to RAS by mid-2026, with the three-year term commencing on the service start date and continuing for 36 months unless otherwise terminated.