Daily Roundup

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Rpmglobal Holdings Ltd

The Federal Court of Australia has approved the proposed acquisition of RPMGlobal Holdings Limited (ASX: RUL) by Caterpillar Inc. Under the Scheme of Arrangement, RPM shareholders will receive A$5.00 per share upon implementation of the Scheme on 18 February 2026.

Xero Ltd

Xero is hosting an investor briefing to provide further details on its global AI and US payments opportunities. The company outlined a clear AI strategy focused on four key pillars: getting help, getting time back, managing their business smarter, and unlocking new business growth. Xero also announced the acquisition of payments platform Melio, which is expected to accelerate the company's US expansion and deliver stronger unit economics.

Xero provided forward guidance, including that Melio is expected to reach Adjusted-EBITDA breakeven on a run-rate basis in H2 FY28. The company reaffirmed its FY26 outlook, with total operating expenses as a percentage of revenue expected to be around 70.5%.

Retail Food Group Ltd

Retail Food Group (RFG) has successfully refinanced its senior debt facility, securing a new $41.2 million facility with Washington H. Soul Pattinson & Company Limited. RFG expects to report 1H26 Underlying EBITDA in the range of $9.0-10.0 million and FY26 Underlying EBITDA of $20.0-24.0 million. The company has also decided to retain the Brumby's Bakery business following a review of potential divestment options.

NRW Holdings Ltd

NRW Holdings Limited has announced the award of three major contracts, including a $175 million Bulk Earthworks contract with Rio Tinto, a $46 million Toodyay Road Reconstruction contract with Main Roads Western Australia, and a $49 million Dampier Link Bridge contract with Pilbara Ports.

Pinnacle Investment Management Group Ltd

Pinnacle Investment Management Group Limited (ASX: PNI) has reported its financial results for the six months ended 31 December 2025 (1H FY26). Net profit after tax (NPAT) attributable to shareholders was $67.3 million, down 11% from the prior corresponding period. However, Pinnacle NPAT, before performance fees, was 37% higher than the prior corresponding period.

The company reported record net inflows of $17.2 billion across domestic retail, domestic institutional, and international channels, driving a 13% increase in aggregate Affiliates' funds under management to $202.5 billion. Pinnacle also announced an additional investment in Pacific Asset Management (PAM) to accelerate global growth.