Daily Roundup

SDR.ASX AUB.ASX MAD.ASX ACE.ASX ANG.ASX

SiteMinder Accelerates Toward Profitability With Strong FY26 Growth

SiteMinder delivered impressive results across the board, with annual recurring revenue climbing 24.1% to $313.7 million and revenue growing 22.0% to $266.1 million on a constant-currency and organic basis. The real standout was adjusted EBITDA, which surged 96.5% to $28.1 million—nearly doubling year-on-year. The company achieved this while navigating geopolitical uncertainty and currency headwinds, a testament to the strength of its underlying business.

What's particularly encouraging is the trajectory ahead. SiteMinder expects its adjusted EBITDA margin to expand meaningfully in FY27 and reach the mid-20s by FY30, all while sustaining growth in the 20s. The company's Smart Platform strategy is clearly resonating, with Dynamic Revenue Plus and Channels Plus driving significant contributions. Customer economics are also improving, with the lifetime value to customer acquisition cost ratio hitting 6.6x, and adjusted free cash flow doubling to $10.5 million. The company is entering a phase focused on operating leverage while keeping growth momentum intact.

AUB Group Delivers Strong Growth and Boosts Shareholder Returns

AUB Group reported solid FY26 performance with underlying NPAT rising 12.2% to $224.6 million, while underlying revenue grew 6% to $1.24 billion. More impressively, the company expanded its EBIT margin by 140 basis points to 36.1%, showing real operational leverage kicking in. The International division led the charge with 19.6% underlying profit before tax growth, while BizCover and Australian Broking also contributed meaningfully.

The board rewarded shareholders with a total FY26 dividend of 98 cents per share, a 7.7% increase. Looking forward, AUB expects FY27 underlying NPAT to land between $245 million and $265 million, representing growth of 9.1% to 18.0%. The company also completed the acquisition of Prestige in the UK, which should strengthen its position and expand its broking and underwriting capabilities. With net debt at $1.1 billion and a leverage ratio of 2.30x, AUB remains well-positioned to execute on its growth strategy.

Mader Group Hits Record Revenue and Raises FY27 Bar

Mader Group achieved record annual results with FY26 revenue reaching $1.001 billion, up 15%, and NPAT of $65.4 million, also up 15%. The Australian segment led with 16% revenue growth, while North America contributed 12% growth. The company hit its medium-term net cash target, closing the year with $35.7 million in net cash.

For FY27, Mader is raising expectations with guidance for revenue of at least $1.13 billion and NPAT of at least $72.5 million. The board opted not to declare a dividend for FY26, choosing instead to reinvest in high-growth initiatives. Strong customer demand and an expanded service offering are expected to drive continued momentum.

Acusensus Scales Internationally With 45% Revenue Jump

Acusensus delivered standout growth with FY26 revenue jumping 45% to $86.2 million, bolstered by successful international expansion. The company achieved a healthy 42.0% gross profit margin and $8.5 million in adjusted EBITDA, up 49% year-on-year. International gross profit surged 8x, driven by major contracts in the US and New Zealand, where mobile speed camera programs have contributed to reductions in road fatalities and offenses.

The company is well-capitalized with $26 million in cash and is set to surpass $100 million in revenue in FY27. With a total contract value of $494 million across new wins, expansions, and upgrades, Acusensus has a strong pipeline to support continued growth. The company is focused on disciplined execution and innovation in road safety technology.

Austin Engineering Navigates Challenging Year, Eyes Recovery

Austin Engineering faced headwinds in FY26, with revenue declining 12.7% to $329.0 million and EBITDA falling 53.6% to $19.3 million. The company struggled with operational challenges in North America, South America, and Indonesia, though Australia showed improvement. Net profit after tax dropped to $6.4 million from $26.3 million in the prior year.

However, there are signs of stabilization. Austin has already secured additional orders worth $32 million since July 2026 and expects FY27 underlying EBIT to land between $17 million and $21 million. The company is implementing operational resets and pursuing new customer engagements across all regions, setting the stage for a recovery.