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Market Roundup: Caterpillar Secures FIRB Approval for RPMGlobal Acquisition, Genusplus Upgrades Earnings Guidance

RPMGlobal Holdings Ltd (ASX: RUL) received some positive news, with Caterpillar Inc. securing Foreign Investment Review Board (FIRB) approval for the proposed acquisition of RPM via a Scheme of Arrangement. While the scheme remains subject to other conditions precedent, this FIRB approval marks a significant milestone in the process.

Over at Genusplus Group Ltd (ASX: GNP), the national essential power and communications infrastructure provider has upgraded its FY2026 EBITDA guidance to around 35% growth. This revision comes on the back of better-than-expected unaudited H1 FY2026 results, as well as a strong order book and increased industry tailwinds supporting the company's continued resilience and expansion.

In other news, Connexion Mobility Ltd (ASX: CXZ) reported its Q2 FY26 results, with revenue of $2.9 million, down 1% over the prior quarter. Gross profit declined 12% to $1.7 million, while net profit before tax increased 18% to $0.8 million. The company remains focused on growing its SaaS revenue streams and is actively exploring potential M&A opportunities.

Cogstate Ltd (ASX: CGS) also shared some positive updates, announcing unaudited sales and revenue results for the half year ended 31 December 2025. The company reported a 105% increase in clinical trials sales contracts to $41.7 million, and total revenue of $26.9 million, up 12% compared to the previous corresponding period and above guidance. Earnings are now expected to be towards the top-end of the company's guidance ranges.

Lastly, Northern Star Resources Ltd (ASX: NST) reported its December 2025 quarterly activities, with gold sold of 348koz at an AISC of A$2,937/oz. Due to one-off operational events, the company revised its FY26 production guidance to 1,600-1,700koz and AISC guidance to A$2,600-2,800/oz. However, the company's major growth projects, including the KCGM Mill Expansion, remain on track.

Overall, it's been a mixed bag of announcements, with some companies delivering strong results and guidance updates, while others faced operational challenges. Investors will be closely monitoring these developments as the market continues to evolve.