Daily Roundup

RTH.ASX IEL.ASX SKS.ASX JIN.ASX CCR.ASX

A Busy Day for Australia's Tech and Financial Sectors

RAS Technology Focuses on Regulated Markets and Asian Expansion
RAS Technology Holdings (ASX: RTH) has announced that its Complete Racing Solution contract with Stake will not be renewed after the current two-year term ends in May 2026. The company will shift its focus to growth opportunities in regulated markets like Australia, the UK, Europe, the Americas, and the Middle East. RAS will also accelerate its expansion in the lucrative Racing and Sports Asia market, where it sees significant potential.

IDP Education Aligns Revenue Recognition Across Jurisdictions
IDP Education (ASX: IEL) has voluntarily changed its revenue recognition accounting policy to align Student Placement revenue across all jurisdictions at the census date. This will result in revenue being recognized later for Australia and the UK, but have no impact on operating cash flows or banking covenants. The change will increase FY25 revenue and net profit, but decrease FY26 revenue and adjusted EBIT by around $2 million. Nonetheless, IDP reaffirmed its FY26 adjusted EBIT guidance of $115 million to $125 million.

SKS Technologies Expands into NSW Data Centers with Delta Elcom Acquisition
SKS Technologies Group (ASX: SKS) has executed a sale agreement to acquire Delta Elcom, a specialist electrical and communications company. The $13.75 million to $15 million deal is expected to accelerate SKS's growth plans in the NSW data center market and traditional sectors. The combined businesses will drive faster growth and a larger market presence for SKS.

Jumbo Interactive Wins Lotterywest Contract as Brightstar Lottery Subcontractor
Jumbo Interactive (ASX: JIN) has been awarded a subcontractor role to provide digital components for Lotterywest's new gaming and digital solution, which is being developed and implemented by Brightstar Lottery. Jumbo's existing SaaS agreement with Lotterywest remains unchanged, and the transition to the new platform is expected to be completed by Q3 2027.

Credit Clear Boosts Digital Offerings with DTS Acquisition
Credit Clear (ASX: CCR) has acquired 100% of DTS, a SaaS collections business with a 35-year track record and operations across five countries. The $7.75 million deal is expected to be earnings accretive in the first full year and will complement Credit Clear's AI-powered digital platform. The acquisition aligns with Credit Clear's strategic focus on scale, diversification, and geographic expansion following its recent ARC Europe acquisition.