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Strong Q1 Results and Acquisitions Highlight Busy Day for ASX Companies

Commonwealth Bank of Australia Delivers Solid Q1 Performance

Commonwealth Bank of Australia (CBA) reported a strong start to the 2026 financial year, with unaudited cash net profit after tax (NPAT) of ~$2.6 billion. This represents a 1% increase on the 2H25 quarterly average and a 2% rise on the prior comparative period. The bank's operating income grew 3%, driven by lending and deposit volume growth, higher non-interest income, and additional trading days. CBA maintained a strong capital position, with a Common Equity Tier 1 (CET1) ratio of 11.8% as at 30 September 2025.

Megaport Announces Acquisition and Equity Raising

Megaport Ltd, the leading Network-as-a-Service provider, requested a trading halt to announce a material corporate acquisition and an associated equity raising. The company plans to acquire Latitude.sh, a global Compute-as-a-Service platform, for up to US$300 million. Megaport will also raise A$200 million to fund the acquisition and accelerate its network expansion in India.

Mayfield Group Raises $30.5 Million Through Placement and SPP

Mayfield Group Holdings Ltd announced a $30.5 million private placement and a Share Purchase Plan to raise up to an additional $3 million. The funds will be used to finance potential acquisitions and increase the company's manufacturing capabilities.

Life360 Reports Record Q3 Results, Acquires Nativo

Life360, the family safety and connection mobile app, delivered record Q3 2025 results, with strong growth across key metrics including monthly active users, paying circles, and revenue. The company also announced the acquisition of Nativo, an advertising technology firm, for approximately $120 million. The acquisition is expected to accelerate Life360's advertising strategy and expand its advertising platform.

Jumbo Interactive Provides AGM Update, Completes Acquisitions

Jumbo Interactive Ltd reported continued growth across its Lottery Retailing, SaaS, and Managed Services segments in FY26. The company also announced the completion of strategic acquisitions in the UK and US, which are expected to contribute significantly to its earnings in the coming year. Jumbo updated its dividend payout ratio to 30-50% of statutory Group NPAT.

Overall, it has been a busy day for ASX-listed companies, with a mix of strong financial results, strategic acquisitions, and capital raising activities. Investors will be closely watching the progress of these initiatives and their impact on the companies' future performance.