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Delivering Record Results Across the Board

Change Financial capped off a stellar quarter, reporting record revenue of US$4.7m (A$7.0m) - a 34% jump from the prior year. This was driven by strong growth in recurring PaaS revenue as well as continued delivery of one-off license sales and professional services. Approximately 70% of Change's Q2 revenue came from recurring income streams, a proportion expected to grow over time.

Underlying EBITDA also reached US$0.9m (A$1.3m), demonstrating the operating leverage in Change's business model. The company ended the quarter with a healthy cash position of US$2.6m (A$3.9m), plus an additional US$1.4m (A$2.1m) in cash-backed security guarantees.

Buoyed by these impressive results, Change has upgraded its FY26 revenue guidance to between US$17.5m (A$26.1m) to US$18.5m (A$27.6m), and its Underlying EBITDA guidance to between US$3.1m (A$4.6m) to US$3.8m (A$5.7m). The company remains laser-focused on building its sales pipeline, winning new deals, and driving operational efficiencies to deliver continued top and bottom-line growth.

Over at Red Hill Minerals, the company reported royalty revenue of $7.8m for the December quarter from its Onslow Iron Project. Red Hill also provided updates on its exploration programs, with assays from drilling at the Broken Hill and Anabama projects highlighting significant potential. The Dementus target within the Broken Hill project in particular showed promise, with over 250 metres of a highly prospective lead-zinc-silver horizon identified.

Looking ahead, Red Hill expects royalty revenue from Onslow to be around $28.7m for the 2026 financial year. The company will continue to advance exploration at its key projects, with a focus on further testing the Dementus and Anabama targets.

Aerometrex capped off a stellar first half, delivering record revenue and EBITDA growth. The company's MetroMap subscription platform was a standout performer, with Annual Contract Value (ACV) surging 35% on an annualized basis to around $12.29m. Aerometrex also saw a strong recovery in its LiDAR revenue, which came in between $6.2m and $6.6m for the half.

Looking ahead, Aerometrex expects to report record 1H26 group statutory revenue of $12.75m to $13.25m, up 10-15% on the prior corresponding period. EBITDA is also set to soar, with the company forecasting a 209-257% increase to $3.25m to $3.75m - higher than the full-year result for FY25.

Rounding out the updates, Knosys reported a solid Q2, with quarterly cash receipts of $1.7m, up 6.6% on the prior corresponding period. The company's Annual Recurring Revenue (ARR) stood at $9.5m at the end of January. Knosys also announced a new agency agreement with Oak Engage to introduce the Oak intranet and employee experience platform to its Greenorbit customer base. As Knosys prepares to launch its next-generation library management solutions in FY27, the company has also restructured its cost base to be more efficient moving forward.