Daily Roundup

EOL.ASX IPG.ASX COI.ASX GNG.ASX FND.ASX

Energy One Limited has kicked off a new era under CEO Ben Tranier with its May market update, highlighting how the growing complexity of global energy markets is driving demand for its platform. The company's sales pipeline remains robust, with strong engagement from major customers across short-term optimization, battery storage solutions, and industrial energy management. However, billed annual recurring revenue growth for FY26 is expected to come in at 13%—slightly below prior projections due to timing delays with two large multinational industrial customers. The company will also absorb roughly $0.5 million in CEO transition costs and $0.8 million in accelerated share-based payment expenses. Despite these headwinds, Energy One is pressing ahead with two strategic priorities: refining its long-term product direction and weaving AI capabilities into its mission-critical energy workflows.

IPD Group Ltd is delivering stronger results, forecasting FY26 EBITDA between $54.5 and $55.3 million—an 18% jump from the previous year. The standout performer is the data centre business, which is expected to grow by 25%. Revenue gains are being fueled by solid performance across the core IPD business, EX Engineering, and a record result from CMI, while gross profit margins are holding steady and operating expenses have tightened.

Comet Ridge Limited has restructured its acquisition agreement for Santos' 42.86% stake in the Mahalo Gas Project, adjusting terms to navigate recent market uncertainties stemming from the Federal Government's gas reservation policy. The upfront cash component has been reduced and the completion date pushed back three months to August 2026, giving the company more breathing room to secure funding. Once finalized, the deal will hand Comet Ridge full ownership of the Mahalo Gas Hub. Trading in Comet Ridge's securities has been reinstated following the announcement.

GR Engineering Services Limited has secured a $229 million engineering, procurement, and construction contract for the Tower Hill Gold Project with Genesis Minerals. This solidifies GR Engineering's role as the Preferred Contractor on the project, which is expected to produce between 3.5 and 4.0 million tonnes per annum. Managing Director Tony Patrizi highlighted the company's track record in the minerals sector and its confidence in delivering a successful outcome.

Findi Ltd has revised its FY26 guidance downward, now expecting revenue between A$83.0 and A$91.6 million—below the prior A$100-105 million forecast. Operating EBITDA is anticipated at A$8-10 million, down from the earlier A$10-12 million guidance. The shortfall stems from integration costs, delayed working capital, and one-off items. The bright spot is a A$25 million equity raise completed in May that has stabilized the working capital position and sparked material operational improvements across all business units in April and May. Findi remains on track for its FY27 Indian IPO and Payments Bank status.