Daily Roundup

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Sequoia Financial Group Pauses Trading, InterPrac to Defend ASIC Proceedings

Sequoia Financial Group Ltd has announced a temporary pause in trading of its securities, pending a further announcement from the company. The reason for the trading pause has not been specified.

In a separate announcement, Sequoia's wholly owned subsidiary, InterPrac Financial Planning, has been named in civil penalty proceedings by the Australian Securities and Investments Commission (ASIC). The proceedings relate to historical conduct involving certain former authorized representatives and their recommendations for clients to invest in external investment products. InterPrac has determined to defend the allegations vigorously.

Superloop Delivers Exceptional FY25 Performance

Superloop Ltd has reported an exceptional financial year, with 60% growth in customers, 31% revenue growth, and 70% growth in Underlying EBITDA. The company also made substantial market share gains in the nbn broadband market, increasing its share by 2.8% to 6.7%. Superloop continued to focus on ESG, including board diversity, gender pay gap reduction, and sustainability initiatives.

Looking ahead to FY26, Superloop provided guidance for Underlying EBITDA growth of 18-27%, reflecting the positive momentum in the business. The company's "Double Down" strategy remains on track, with Superloop expecting to achieve a $700 million revenue run-rate and a mid-to-high teens Underlying EBITDA margin by June 2026.

NEXTDC Delivers Record Results, Outlines Expansion Plans

NEXTDC Ltd held its 15th Annual General Meeting, reporting a record financial year with 14% growth in net revenue to A$350.2 million and 6% growth in underlying EBITDA to A$216.7 million. The company continued to expand its data centre platform, with 42% growth in contracted utilization to 244.8MW.

NEXTDC also announced the appointment of two new non-executive directors and secured A$6.4 billion in total debt funding facilities to support its future growth. The company outlined plans to upgrade capacity at several key sites and secure a strategic milestone with the first hyperscale customer contract for the KL1 data centre in Malaysia.

Looking ahead, NEXTDC provided FY26 guidance for net revenue of A$340-350 million and contracted utilization of 244.8MW, with approximately 85% expected to translate into billings/revenues and EBITDA by FY27.

Navigator Expands Partnerships, Xero Delivers Strong H1 FY26

Navigator Global Investments Ltd outlined its strategic partnership plans, including expanding its resources and support infrastructure through a partnership with Blue Owl's GP Strategic Capital, and adding new partner firms in asset-backed finance and alternative platforms.

Xero Ltd reported strong H1 FY26 results, with 20% revenue growth, 44.5% Rule of 40 outcome, and the successful integration of its Melio acquisition. The company continues to invest in AI and product innovation to drive long-term value, with plans to more than double its FY25 group revenue in FY28.