Daily Roundup

Steadfast Announces CEO Transition

Steadfast Group Limited (ASX:SDF) has announced that Managing Director and CEO Robert Kelly AM will retire after leading the company for over 25 years. The Board has engaged Spencer Stuart to conduct a comprehensive search process to appoint a new Group CEO by August 2026. Mr. Kelly will remain on the Board as a non-executive director to ensure continuity and an orderly transition.

Aussie Broadband Expands SME Capabilities with Nexgen Acquisition

Aussie Broadband (ASX:ABB) has entered into an agreement to acquire 100% of Nexgen, a leading provider of business communication solutions. The $44.1 million upfront transaction, with potential earn-outs of up to $5.9 million, will strengthen Aussie Broadband's SME capabilities and drive growth. Nexgen is forecast to contribute $2.7 million to Aussie Broadband's EBITDA in FY26, with annual cost synergies of $2-4 million expected within two years.

Aussie Broadband Delivers Robust H1 Results, Upgrades Ambitions

Aussie Broadband has reported a strong first half, with 14% growth in broadband connections, 8.8% NBN market share, and a 13.5% increase in underlying EBITDA to $74.7 million. The company has also accelerated its strategic initiatives, upgrading targets to over 1.5 million connections and group revenue exceeding $2 billion, with an EBITDA margin above 13.5% and EPS growth over 30% CAGR.

Fisher & Paykel Healthcare Upgrades FY26 Guidance

Fisher & Paykel Healthcare (ASX:FPH) has updated its FY26 guidance, with revenue expected to be around $2.30 billion and net profit after tax in the range of $450-470 million. The company cites continuous improvement and efficiency gains contributing to margin improvements.

Hydrocarbon Dynamics Acquires Great Bear Project

Hydrocarbon Dynamics (ASX:HCD) has entered into a binding agreement to acquire the Great Bear Copper-Gold-Silver-Uranium Project in Canada's Northwest Territories. The project has shown substantial potential for IOCG-U and epithermal mineralization, with historical production from nearby mines indicating significant mineral resources. HCD plans to raise at least $5.5 million and undertake a 1:10 consolidation as part of the transaction.

Aerometrex Delivers Record First-Half Results

Aerometrex (ASX:AMX) has reported record first-half revenue of $12.93 million, up 12.3%, and record EBITDA of $3.55 million, a 237.7% increase. The company's MetroMap subscription platform continued its strong growth trajectory, with record Annual Contract Value of $12.29 million, up 35% annualized. Aerometrex remains optimistic about the coming year, with EBITDA growth and MetroMap ACV now past breakeven.

Infotrust to Divest Cloud & Communications Segment to Aussie Broadband

Infotrust (ASX:ITS) has entered into a binding agreement to divest its Cloud & Communications segment, comprising Nexgen, to Aussie Broadband for $50 million. The divestment aligns with Infotrust's strategy to focus on cybersecurity and related technology services, with the proceeds to be used to strengthen the balance sheet and fund earnings-accretive growth opportunities.