Daily Roundup

ERD.ASX SGI.ASX LOV.ASX AX1.ASX XRG.ASX

Strong cash flow supports focused ANZ market expansion

EROAD Limited (NZX/ASX: ERD) reported improved free cash flow, revenue growth in ANZ, and higher Annualised Recurring Revenue, supported by enterprise customer wins and price increases, despite a non-cash impairment in North America. The company secured an Australian enterprise customer win with Cleanaway (ASX: CWY) and maintained high asset retention at 92%. However, EBIT declined to negative $133.9m due to a non-cash impairment of $134.7m to North American assets, and NPAT decreased to negative $144.2m. The company remains focused on financial discipline, cash generation, and directing investment to the strongest growth markets of Australia and New Zealand, where it is uniquely positioned to capture opportunities around the transition to electronic road user charging (eRUC).

Stealth Group Holdings Ltd Requests Trading Halt

Stealth Group Holdings Ltd (ASX: SGI) has requested a trading halt in its securities, effective immediately. The company has requested the trading halt to allow it to manage its continuous disclosure obligations pending an announcement relating to a capital raising. The trading halt will remain in place until the earlier of the commencement of normal trading on Tuesday, 25 November 2025, or the release of the announcement to the market.

Lovisa Provides AGM Trading Update for November 2025

Lovisa Holdings Limited (LOV) continues to focus on expanding its global store footprint, with 44 net new stores opened for the financial year to date. This includes 62 new stores opened and 18 closures (including 6 relocations). The company's global store network now stands at 1,075 stores across more than 50 markets, which is 148 more stores than at the same time last year. Global total sales for the first 20 weeks of FY26 were up 26.2% on FY25, benefiting from the continued growth in the store network over the past year. Global comparable store sales were also up 3.5% on FY25 for this period.

Accent Group Ltd Provides Trading Update

Accent Group Limited (ASX: AX1) has provided an update on trade for the first 20 weeks of FY26. Total Group owned sales, including wholesale sales and sales from new stores, are up 3.7% compared to the same period last year. However, like-for-like retail sales are down 0.4%. In October, like-for-like sales were up 0.4%. Based on the lower-than-expected like-for-like sales and gross margin, EBIT for H1 FY26 is expected to be in the range of $55M-$60M, inclusive of non-recurring losses associated with the closure of the MySale operations. For the full year, EBIT is expected to be in the range of $85M-$95M.

Accent Group Ltd Holds FY2025 AGM

Accent Group Ltd held its FY2025 Annual General Meeting, providing an overview of the company's growth journey. The company has demonstrated a track record of retail sales growth, driven by store rollout and new banners, as well as the expansion of its omni-channel capabilities and contactable customer database. Accent Group is focused on driving growth through Distributed Brands and Partnerships, as well as its Apparel and vertical sales growth strategy. FY2026 EBIT is expected to be in the range of $85 million to $95 million, with H1 EBIT expected to be in the range of $55 million to $60 million (inclusive of non-recurring losses) and H2 EBIT expected to be in the range of $30 million to $35 million.

Accent Group Ltd Chair's Address to Shareholders

Accent Group Limited (ASX: AX1) held its 2025 Annual General Meeting, where Chairman David Gordon provided an overview of the company's FY25 performance. Despite a challenging consumer environment, the company delivered total company owned sales of $1.46 billion and a net profit after tax of $57.7 million. The company opened 54 new stores and now has a contactable customer base of over 10 million. For the first 20 weeks of FY26, total Group owned sales YTD are up 3.7% compared to the prior year, with like-for-like sales down 0.4%. FY26 gross margin % is down 1.6% compared to the prior year. EBIT for H1 FY26 is expected to be in the range of $55M- $60M, and full-year EBIT is expected to be in a range of $85M - $95M.

xReality Group Ltd reports strong FY25 results

xReality Group Ltd Chairman John Diddams welcomed shareholders to the company's 2025 Annual General Meeting, highlighting the strong financial performance in FY25. Total income increased 36% to $14m, driven by a 610% surge in Operator XR revenue to $5.1m. Deferred revenue rose 61% to $7.4m, securing future revenue in FY26 and FY27. EBITDA improved $0.9m to $0.6m, and cash reserves increased by $1.4m to $2.8m. For FY26, the company expects to deliver on a $5.71m Texas State contract and a $2.1m grant, confirming a strong start to the year. The directors are highly encouraged by the validation of Operator XR technology, sales outlook, and significant tailwinds for global defence and law enforcement expenditure.