Daily Roundup

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Aerometrex Secures Significant Government Contract Wins

Aerometrex Limited (ASX: AMX) has had a busy start to the year, securing a series of new government contracts across federal, state, and local departments. The company has announced that it has secured approximately $2.5 million in contracts over a 3-year period, spanning both MetroMap subscription and LiDAR project revenue.

Aerometrex's status as an Australian-owned and operated business, with established sovereign capability and onshore delivery, has been a key differentiator in these recent tender processes. The company believes this has been a contributing factor to its successful outcomes, as the government places increasing emphasis on supporting domestic industry and ensuring reliable supply chains.

While no single contract is individually material, the awards provide Aerometrex with greater revenue visibility over the medium term and further strengthen its government customer base. The company remains focused on disciplined growth, operational excellence, and long-term shareholder value creation. Aerometrex sees significant potential to expand its government portfolio in the years ahead, with a robust pipeline of opportunities currently in tender or advanced negotiation stages.

Air New Zealand Suspends FY2026 Guidance

Turning to Air New Zealand (ASX: AIZ), the airline has been forced to suspend its FY2026 earnings guidance due to unprecedented volatility in global jet fuel markets. The recent escalation of conflict in the Middle East has led to a sharp increase in jet fuel prices, from around US$85-$90 per barrel to as high as US$150-$200 per barrel.

While the airline is 83% hedged against Brent crude for the second half of the 2026 financial year, it remains exposed to movements in the crack spread, which has widened significantly. Due to this market turmoil, the jet fuel price assumption underlying Air New Zealand's previous guidance is no longer appropriate, and the crisis is expected to meaningfully affect the airline's second-half earnings.

In response, the airline has implemented initial fare adjustments and is progressing ongoing cost reduction initiatives to partially offset these pressures. If the conflict leads to continued elevated jet fuel costs, the airline may need to take further pricing action and adjust its network and schedule as required.

S&P DJI Announces March 2026 Rebalance of the All Ordinaries

Turning to index news, S&P Dow Jones Indices has announced the March 2026 quarterly rebalance of the All Ordinaries index. As a result of the review, African Gold Limited (XASX: A1G) will no longer be added to the index, and American Rare Earths Limited (XASX: ARR) will no longer be removed.

The updated March 2026 quarterly results include 26 additions and 24 removals from the index, effective prior to the open of trading on Monday, March 23, 2026. Some of the notable additions include 4DMedical Limited, Acusensus Limited, and Advanced Innergy Holdings Limited, while the removals include 3P Learning Limited, ARN Media Limited, and Air New Zealand Limited.

Elanor Investors Group Reports FY25 Results

Elanor Investors Group (ASX: ENN) has reported its financial results for the year ended 30 June 2025 (FY25), and it's been a challenging period for the company. Recurring funds management income decreased by 6.5% to $46.1 million, while core earnings fell 169.1% to a loss of $8.9 million.

The group's gearing also increased to 73.4% from 66.9% in FY24 as it undertook a strategic review and stabilization plan. This included asset realizations, deleveraging the balance sheet, and simplifying the business to focus on core sectors.

Looking ahead, Elanor has entered into binding terms with Rockworth Capital Partners to recapitalize the business, stabilize the balance sheet, and reduce gearing. The group's pathway remains clear: stabilize, recover, and grow, with a focus on preserving, recovering, and ultimately growing securityholder value.

Serko Ltd Investor Day and FY26 Trading Update

Lastly, Serko Ltd (ASX: SKO), the leading Australasian travel and expense management solutions provider, has released its Investor Day presentation and FY26 trading update. The company highlighted its strong financial performance, with revenue and profitability metrics exceeding market expectations.

Serko is committed to continued investment in product innovation and technology to drive future growth, as well as expanding its global footprint with a focus on key international markets. The company also outlined its sustainability and environmental initiatives as part of its long-term strategy.

For the fiscal year ending 30 June 2026, Serko expects to deliver revenue in the range of $250-$270 million and an EBITDA margin of 20-25%. The company remains well-positioned for continued growth, driven by its focus on product innovation, international expansion, and commitment to sustainability.