Daily Roundup

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Megaport Completes Placement, Strengthens Global Position

Megaport Limited has successfully raised A$200 million through an institutional placement, with the proceeds earmarked for strategic initiatives. The company will use the funds to acquire Latitude.sh, a global Compute-as-a-Service platform, and accelerate the expansion of its network in India. Megaport's CEO, Michael Reid, highlighted that these moves will position the company at the forefront of the hybrid cloud and AI-driven future, creating an automated global software platform to connect critical workloads.

MinRes and POSCO Form Lithium Partnership

Mineral Resources Limited (MinRes) has struck a deal with POSCO Holdings to sell a 30% stake in its lithium business for US$765 million. MinRes will retain a 70% interest and continue as the operator of the Wodgina and Mt Marion lithium mines. The partnership strengthens MinRes' position in the global battery supply chain and builds on the companies' existing relationship through the Onslow Iron joint venture.

GQG Partners Reports October Funds Under Management

GQG Partners Inc. has provided an update on its funds under management (FUM) as of October 31, 2025. The company reported total FUM of US$163.7 billion, down from US$167.2 billion in September due to net outflows of US$2.6 billion for the month. However, on a year-to-date basis, GQG has seen net inflows of US$0.6 billion.

Flight Centre Delivers Strong FY25, Outlines FY26 Guidance

In their AGM speeches, the Chair and Managing Director of Flight Centre Travel Group Limited highlighted the company's resilience, achieving 26 consecutive years of total transaction value (TTV) growth despite a challenging environment. The company invested heavily in capital management initiatives, including dividends and buybacks, while also expanding its leisure and corporate businesses through strategic acquisitions.

Looking ahead, Flight Centre is targeting underlying profit before tax of $305 million to $340 million for FY26, a 5.5% to 17.6% increase on FY25. The company remains confident in its future growth prospects, citing its diversified brand portfolio, strong balance sheet, and experienced leadership team.

Camplify Completes Strategic Transition, Launches New Solution

Camplify Holdings Ltd has undergone a strategic transition and consolidation in FY25, including the integration of the PaulCamper platform and a significant cost reduction program. The company's most significant milestone was the launch of its proprietary member-backed protection solution, MyWay Mutual, in Australia and New Zealand. This is expected to materially improve Camplify's gross profit margin on membership-related revenue to an estimated 28% in the coming year.

Looking ahead, Camplify is focused on delivering EBITDA-positive results, generating positive cash flow, and aggressively scaling the MyWay membership program across its core markets.