Daily Roundup

NGI.ASX C79.ASX NAB.ASX CML.ASX SSH.ASX

Navigator Global Investments Announces Transformative Acquisition and Equity Raising

Navigator Global Investments Ltd (NGI) is making some big moves, announcing a proposed acquisition to be funded by a fully underwritten, accelerated non-renounceable pro rata entitlement offer. The deal is expected to be earnings accretive in the first full year of ownership.

The acquisition will see NGI snap up a $195 million portfolio of Net Revenue Share interests in 17 alternative asset managers from Stable Asset Management. This strategic partnership with Stable will provide NGI with access to an attractive pipeline of additional opportunities to drive both organic and inorganic growth.

To fund the acquisition, NGI is raising up to A$145 million (US$103 million) through the entitlement offer, which will be made on the basis of 1 new share for every 8.13 existing shares held. The company expects the acquisition to be low double-digit EPS accretive in the first full year and improve its key financial metrics, with FY26 Adjusted EBITDA forecast between US$100-104 million.

Chrysos Hits Milestone with Over 1 Million Samples Processed Monthly

Over at Chrysos Corporation Ltd (ASX:C79), the company is firing on all cylinders, reporting record monthly sample volumes exceeding 1 million in both March and April 2026. This impressive productivity is being driven by growing utilization of the PhotonAssay network, which the company continues to expand with 19 new lease agreements signed.

Chrysos is on track to achieve its FY26 guidance, with revenue tracking at the upper end of the $80-90 million range and EBITDA at the upper end of $20-27 million. The company is also progressing a $200 million refinancing, expected to be completed before the end of June.

NAB Delivers Solid 1H26 Results, Maintains Dividend

National Australia Bank Ltd (NAB) has reported a solid set of 1H26 results, with cash earnings ex large notable items up 2.3% versus the prior half. The bank saw strong growth in business lending, up 5.6%, and improved proprietary home lending drawdowns to 47.7%.

Despite the more uncertain economic outlook, NAB has maintained its interim dividend at 85 cents per share, fully franked. The bank has also taken steps to bolster its balance sheet, increasing forward-looking collective provisions by $300 million.

Looking ahead, NAB expects to deliver low to mid single-digit cash earnings growth in FY26, supported by continued momentum in its key focus areas. The bank remains well-positioned to navigate the volatile environment and support its customers.

SSH Group Expands Mining Services Capabilities with Accretive Acquisition

In other news, SSH Group Ltd (ASX: SSH) has entered into a binding agreement to acquire 100% of Elphinstone Mechanical Services (EMS), a well-established mining services business. On a pro forma FY2025 basis, the combined group would have generated revenue of approximately $76.3 million and EBITDA of $8.2 million.

The acquisition is expected to be immediately earnings and margin accretive for SSH, with a clear pathway to improving EMS's margin profile through integration and operational synergies. This strategic move will significantly expand SSH's scale and service capabilities across the mining sector.

That's the news roundup for today. Stay tuned for more updates from the world of finance and business.