Daily Roundup

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Orcoda Ltd is riding a wave of momentum after securing a major multi-year contract with Wagner Corporation. The software company's Annual Recurring Revenue grew 23% year-on-year to around $6.2 million, but the real headline is what comes next—the Wagner deal, which kicked off on 1 July 2026, pushes ARR to approximately $14.2 million. That's a substantial leap. On the cash front, things are looking solid too, with net operating cash flow of $0.63 million in Q4 and available liquidity of $3.6 million. The company is guiding for ARR to reach that $14.2 million mark in FY27, signaling continued operational momentum.

Atturra Ltd delivered FY26 earnings right on target, with underlying EBITDA landing between $30 million and $30.5 million as expected. Revenue came in slightly softer than anticipated at $348–352 million, though the company attributes this to timing issues with revenue recognition rather than underlying weakness. The real bright spot was second-half operating cash flow of $22–23 million, showing strong cash conversion. There's a catch, though—Atturra is taking a one-off non-cash goodwill impairment of $20–25 million, reflecting challenging conditions in the defence and government sectors. Looking ahead to FY27, management is confident about strong organic growth, with investments in AI, ERP, and Scholarion expected to drive the expansion.

Mastermyne Group Ltd exceeded expectations with FY26 results that beat guidance across the board. Unaudited revenue came in at $237.7 million, while underlying EBITDA hit $20.3 million—both surpassing previous forecasts. The strong second half was fueled by high strata consolidation activity and favorable market conditions. The company's balance sheet is in excellent shape, with net cash climbing to $46.5 million from $33.1 million at the end of 2025. Perhaps most importantly, Mastermyne enters FY27 with an order book of $432 million and a pipeline of $1.5 billion in targeted opportunities, of which $823 million is considered near-term. That's a solid foundation for continued growth.

Cleanaway Waste Management Ltd is making a leadership change at the finance helm. Nigel Simonsz has been appointed as the new Chief Financial Officer, effective 27 July 2026, bringing extensive experience from roles at United Petroleum, Sigma Healthcare, and Australian Agricultural Company. Outgoing CFO Paul Binfield, who has been in the role for five years, will remain through the first half of FY27 to ensure a smooth handover. On the earnings front, Cleanaway expects FY26 underlying EBIT to come in around $470 million, right at the midpoint of its previous guidance. The company remains focused on executing its Blueprint 2030 strategy while maintaining disciplined capital allocation.

Medallion Metals Ltd and TG Metals Ltd have joined forces in a deal that could unlock near-term value for both companies. The two have executed a non-binding Ore Processing and Profit Share agreement under which Medallion will process approximately 60,000 tonnes of gold-bearing stockpiles from TG Metals' Van Uden Gold Project through Medallion's Cosmic Boy Concentrator. The arrangement is structured so that Medallion recovers its establishment and operating costs first, then splits any pre-tax profit 50:50 with TG Metals. For Medallion, this provides additional processing feed for its Early Production Strategy without impacting its development schedule or the planned commencement of production from the Ravensthorpe Gold Project. For TG Metals, it generates near-term cashflow through provisional payments after each batch, with final reconciliation based on actual operating costs and gold sales proceeds. Processing is expected to commence once due diligence and required approvals are completed.