Daily Roundup

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Bravura Solutions lifts profit guidance on strong project demand

Software and services firm Bravura Solutions has raised its cash earnings forecast for the full year, signaling robust momentum in its business. The company now expects cash EBITDA of around $77 million, up from previous guidance of $69 million to $73 million. Revenue is anticipated to land within the previously guided $280 million to $285 million range. Group CEO Colin Greenhill attributed the improved outlook to strong demand for project services and disciplined cost management over the last six months, with increased project work and stronger renewals driving the uplift.

Mesoblast's Ryoncil exceeds revenue expectations

Biotech company Mesoblast is celebrating a strong debut for its commercial product Ryoncil, which generated $36 million in net revenue during the fourth quarter and $115 million for the full fiscal year. The figures have surpassed the company's initial projections, reflecting strong uptake since launch across major U.S. pediatric centers. CEO Dr. Silviu Itescu flagged continued momentum heading into the new fiscal year, with the company's robust capital position and revenue growth funding operational activities and enabling strategic initiatives for label extensions and blockbuster product development.

Rural Funds Group offloads $255.6m in assets

Rural Funds Group has completed the sale of five assets for $255.6 million, representing an impressive 22.7% premium to book values as of December 2025. The proceeds will be deployed to reduce the group's debt levels, bringing gearing down to 31.6% from 39.1% and bringing it comfortably within the target range of 30-35%. Settlements are expected to occur predominantly in the first half of 2027 and should deliver a net benefit to distributions. The company has reaffirmed its full-year AFFO forecast of 11.7 cents per unit.

Elevra Lithium ramps up production

Elevra Lithium's North American Lithium operation in Québec ramped up output in the June quarter, producing 54,479 dry metric tonnes of spodumene concentrate—a 15% increase from the prior quarter and the second highest quarterly production on record. Sales volumes came in at 33,977 dmt at an average realised price of $919 per dmt, though this lagged current spot market pricing due to contractual arrangements reflecting older market prices. As these lagged pricing mechanisms unwind, the company expects realised prices to move closer to prevailing spot market levels.

NEXTDC bolsters balance sheet with bigger debt facility

Data center operator NEXTDC has upsized its senior debt facilities to $2.3 billion, up from the previously announced $1.8 billion, backed by strong support from domestic and international banks. The expanded facility will support the company's capital expenditure requirements and general corporate purposes, bringing total available senior debt facilities to $8.7 billion. Financial close is expected in mid-July, following a record increase in contracted utilisation that prompted the larger-than-planned borrowing capacity.