Daily Roundup

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The a2 Milk Company Upgrades FY26 Revenue Guidance

The a2 Milk Company has some good news to share - they've upgraded their FY26 revenue guidance due to stronger-than-expected performance in key product categories like Infant Milk Formula, Other Nutritionals, and Liquid Milk. Plus, movements in currency rates are expected to inflate both sales and expenses, though the impact on EBITDA is not expected to be material.

On a continuing operations basis, the company now forecasts revenue growth of low double-digit percent versus FY25. They expect 1H26 revenue growth to be higher than 2H26, with English label Infant Milk Formula revenue growth significantly outpacing China label. The EBITDA margin is projected to be around 15-16%, with depreciation and amortization of $20-$24 million. While interest income will be lower due to market rate changes, the company expects NPAT to be slightly up on FY25 reported numbers. Cash conversion is expected to be 80-90%, with capital expenditure of $60-$80 million.

SKS Technologies Group Ltd Reports Strong FY25 Results

It's been a banner year for SKS Technologies Group. The company achieved significant organic growth, with a 46% increase in tender activity reaching around $517 million and a 109% jump in Work on Hand to $200 million. This was driven by SKS's focus on the booming data centre sector, where they've captured a sizable market share in Melbourne.

To further expand its presence, SKS acquired Delta Elcom, a Sydney-based electrical and communications specialist, providing instant access to Australia's largest data centre market. Financially, the results are impressive - revenue up 92% to $261.7 million, EBITDA up 161% to $23.5 million, and NPAT up 112% to $14 million. Operational efficiency also improved, with PBT margin increasing by 66% to 7.9%.

Looking ahead, SKS is forecasting FY26 revenue of around $320 million, with a PBT margin of 9% and PBT of $28.8 million. The company is well-positioned for both organic growth and strategic acquisitions, with a flexible strategy and strong demand across its key sectors.

Hansen Delivers Strong FY25 Results, Acquires Digitalk

Hansen Technologies has reported a standout year, with double-digit revenue growth, improved profitability, and a strengthened balance sheet. The highlights include signing a transformative $50 million deal with VMO2 and a $16 million agreement with a major US renewable energy portfolio.

The company also streamlined its German operations and achieved positive Underlying EBITDA. Financially, Hansen saw an 11.2% increase in Operating Revenue to $392.5 million, a 20.9% rise in Underlying EBITDA to $111.7 million, and more than doubled its Statutory NPAT to $43.3 million.

In addition to its strong organic performance, Hansen announced the acquisition of Digitalk, a UK-based provider of MVNO and carrier-grade interconnect platforms. This deal is expected to be immediately accretive to adjusted EPS, expand Hansen's recurring SaaS revenue base, and unlock new cross-sell and upsell opportunities.

Looking ahead, Hansen remains confident in delivering 5-7% organic growth and sustaining an underlying EBITDA margin of at least 30% over the medium term, driven by its recurring revenue base, proven execution, and favourable market trends.

LaserBond Ltd Reports Strong FY25 Results, Outlines Strategic Priorities

LaserBond Ltd has delivered a solid performance in FY25, with revenue of $43.5 million and NPAT of $3.8 million. The company saw a strong second-half turnaround, with revenue up 14% and NPAT up 169.5% compared to the first half.

LaserBond has undergone a successful leadership transition, with Rob Freeman joining as the new CEO. The company has made significant investments to build its operational capability, including bringing in experienced leaders, hiring skilled tradespeople, modernizing facilities, and implementing advanced technology.

Looking ahead, LaserBond's strategic priorities are anchored by four core pillars: Geographic Expansion, Capacity and Capability Enhancement, Innovation Leadership, and Technology Integration. The company is also preparing to launch a new product range called X-Clad, targeting a gap in the market for extreme wear and erosion resistance at more competitive pricing.

Despite the typical operational challenges during the Christmas period, LaserBond is seeing strong momentum, with robust order books extending into calendar 2026.

Ava Risk Group CEO to Retire, Leadership Transition Announced

In other news, Ava Risk Group has announced that CEO Mal Maginnis will retire in January 2026 after leading the company's strategic and operational transformation over the past 3 years. Neville Joyce has been appointed as Acting CEO effective immediately, and the company will commence a global search for a permanent Chief Executive Officer.

Under Mr. Maginnis' leadership, Ava Risk Group has undergone a meaningful reset, emerging with a strong commercial focus, a revitalized product suite, and a materially improved financial position. Key achievements include the release and global commercialization of the Aura Ai-X platform, major account wins, revenue growth, improved EBITDA, and a strengthened project pipeline.

Mr. Maginnis will continue to support the transition until his retirement date, and Mr. Joyce will work closely with the Board to ensure operational continuity and maintain the company's commercial momentum during the search for a permanent CEO.