Daily Roundup

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Stealth Group Completes $19.5m Placement

Stealth Group Holdings Ltd has successfully completed a $19.5 million capital raising via a share placement to institutional and sophisticated investors. The funds will be used to pay down debt and support the integration of the recently acquired Hardware and Building Traders (HBT) business. This strengthened balance sheet will provide the financial flexibility required to progress the HBT integration and accelerate the expanded wholesale distribution strategy, positioning Stealth for the next phase of its national multi-channel growth plan.

Clarity Pharmaceuticals Presents AGM MD Update

Clarity Pharmaceuticals, a clinical-stage radiopharmaceutical company, provided an update on its clinical development pipeline and corporate progress at its Annual General Meeting. The company highlighted its strong financial position, with a $203 million capital raise funding the development of its pipeline. Clarity is advancing multiple registrational clinical trials, including for its 64Cu-SAR-bisPSMA diagnostic agent in prostate cancer and its 64Cu-SARTATE diagnostic agent in neuroendocrine tumors. The company also discussed its discovery pipeline, including 64/67Cu-SAR-bisFAP and 64/67Cu-SAR-Trastuzumab.

Web Travel Group Reports Strong 1H26 Results

Web Travel Group delivered a robust performance in the first half of fiscal year 2026, with total transaction value (TTV) up 22% to $3.2 billion, revenue up 20% to $204.6 million, and underlying EBITDA up 17% to $81.7 million compared to the prior corresponding period. The company's global B2B travel marketplace, WebBeds, continues to drive growth across its key regions, with the Americas, Europe, and Asia Pacific seeing the strongest organic customer growth. Web Travel Group's balance sheet remains strong, with $481.1 million in cash and an undrawn $200 million revolving credit facility.

Guidance: - FY26 TTV margins of at least 6.5% - FY26 expense growth in high single digits - FY26 EBITDA margins expected to be between 44% and 47%

Outlook: Web Travel Group plans to continue delivering market-leading TTV growth rates to achieve $10 billion TTV by FY30. FY27 TTV margins are expected to remain stable at 6.5%, and the company expects to deliver around 50% EBITDA margins in FY27 as it continues to invest in its highly scalable business model.

IPD Group Ltd Provides 1H26 Guidance

IPD Group Ltd has provided an update on its strategic and operational progress, as well as 1H26 guidance. The company has delivered strong growth, improved efficiency, and enhanced sustainability, with revenue up 22.1% to $354.7 million in FY25 and a 33% rise in Data Centre revenue. IPD Group's 1H26 EBITDA is expected to be in the range of $24.8 million to $25.3 million, up 6.1% from the same period last year.

Guidance: - 1H26 EBITDA expected to be in the range of $24.8 million to $25.3 million, up 6.1% from 1H25

Outlook: IPD Group is building momentum, with strategic investments beginning to show benefits and supporting a positive outlook for growth in FY26. The company's current opportunity pipeline is positioned well for continued growth.

Macquarie Technology Group Presents Growth Strategy

Macquarie Technology Group outlined its growth strategy, which includes expanding data centre capacity to meet growing demand for AI and cloud workloads, strengthening cloud and cybersecurity offerings to support customers' digital transformation, and leveraging its expertise to secure Australian government and critical infrastructure. The company is expanding its Macquarie Park data centre campus, with the IC3 Super West facility under construction to add 65MW of capacity.

Guidance: - Expects to achieve 13% revenue growth and 32% EBITDA growth in its Macquarie Data Centres business in FY25

Outlook: Macquarie Technology Group is well-positioned to continue adapting and innovating as technology and customer needs evolve, leveraging its expertise and track record of building strategies to benefit from technology megatrends.