Daily Roundup

Acusensus Locks in Another Six Months on Speed Camera Deal

Acusensus Ltd has secured a six-month extension to its Mobile Speed Camera Services Agreement with Transport for New South Wales, worth approximately $16 million. The extension runs through June 2027, keeping the AI-enabled road safety company in the game as it pursues a longer-term contract with TfNSW. The original agreement had already been extended once before, so this marks the second time the parties have kicked the can down the road.

Data#3 Firing on All Cylinders in FY27

Australia's leading IT services provider, Data#3 Limited, is off to a blazing start in the new financial year. The company reported that gross sales and earnings are tracking ahead of expectations, with gross profit expected to exceed 15% growth compared to the first half of FY26. Even more impressive, net profit before tax is on track to be over 40% higher than the same period last year, which posted $33.5 million. The company remains on track to deliver sustained earnings growth for the full year, though final results are still subject to business execution through year-end and audit completion.

BSA Bulks Up with Eonetics Acquisition

BSA Limited is making a strategic move into aerial infrastructure technology with its proposed acquisition of Eonetics Pty Ltd. The all-share deal will see BSA integrate Eonetics' proprietary tethered-drone technology, software, and remote infrastructure capabilities with its existing field services. The combination is designed to create an integrated platform that can tap into BSA's national workforce while leveraging Eonetics' international customer base. No capital raising is required, and BSA expects to complete the deal shortly after its 2026 annual general meeting, pending shareholder and regulatory approvals.

Lynas Rare Earths Snaps Up Meteoric Resources

In a significant consolidation move, Lynas Rare Earths has agreed to acquire 100% of Meteoric Resources in an all-share transaction. Meteoric shareholders will receive 0.0207 Lynas shares for each share held, representing a control premium of up to 68.4% based on recent trading prices. The deal brings Meteoric's Caldeira Rare Earth Project in Brazil into the Lynas fold, expected to close by March 2027. Lynas anticipates capital expenditure for Caldeira development will exceed US$500 million, and the acquisition is expected to be accretive to net asset value, mineral resources, and ore reserves. The Meteoric Board has unanimously recommended the scheme.

XRG Remains in the Doghouse

xReality Group Ltd continues to sit on the sidelines as its securities remain suspended from quotation. The company identified material adjustments to its FY26 financial accounts—primarily related to how government grants under the Research and Development Tax Incentive and Industry Growth Program are recognized. The good news: the adjustments are non-cash and won't affect operating cash flow. The bad news: XRG still hasn't lodged its audited financial statements, so the suspension will continue until it does.