Daily Roundup

EOS Lands Historic A$700m Counter-Drone Deal

Electro Optic Systems Holdings has secured what it's calling the largest contract in its history—a A$700 million nationwide counter-drone defense system with a Middle Eastern Gulf state. The contract will deploy EOS's NiDAR command and control system alongside third-party sensors and effectors. The company expects the deal to be profitable and cashflow positive over its term, with the bulk of revenue arriving within the first two years. Of course, EOS will need to clear some hurdles first, including securing export licenses and providing a performance bond.

Mining Services Boom for Mastermyne

Mastermyne Group has locked in a major mining services contract valued at up to A$240 million for the restart and operation of Tahmoor Mine. The initial two-year term is expected to generate around A$80 million in gross revenues, with two optional two-year extensions that could push the total to A$240 million over six years. The deal will create over 160 new roles, expanding Mastermyne's workforce to more than 1,000 people. The mine is being operated by a consortium that includes M Group and GEAR.

Restaurant Chain Guzman Y Gomez Posts Strong Quarter

Guzman Y Gomez delivered a solid start to FY27, with network sales climbing 18.8% and comparable sales growth hitting 7.1%, fueled by robust demand for fresh, clean food. The company opened three new restaurants in Australia during the quarter and is staying on track with its expansion plans—it expects to open 35 new locations across Australia during the full year, with 12 coming in Q2. Management reaffirmed its FY27 guidance for mid-single digit comparable sales growth and underlying EBITDA expanding to 6.7-6.9% of network sales. The company also extended its share buyback program by up to A$100 million.

Alkane Resources Pays Maiden Dividend

Gold producer Alkane Resources reported quarterly production of 40,740 gold equivalent ounces for the September quarter, with closing cash and bullion holdings of A$440 million. The company made its maiden dividend payment of A$24 million, with an additional A$3 million transferred for TSX shareholders. Alkane is sticking with its FY27 guidance for gold equivalent production of 163-177 ounces and all-in sustaining costs of A$2,900-3,200 per ounce. The company will share more details on its operational and financial performance during a conference call on October 23.

Alcidion Consolidating Shares, Holding AGM

Alcidion Group is planning a 1-for-10 capital consolidation to streamline its capital structure and improve share price granularity. The move will reduce the share count from 1.35 billion to approximately 135 million, though it won't change the company's market capitalization, assets, operations, or shareholder ownership. Shareholders will vote on the consolidation at the company's Annual General Meeting on November 12, 2026, which will be held virtually at 4:00pm AEDT. The AGM agenda also includes consideration of financial statements, an advisory vote on the remuneration report, and the re-election of director Rebecca Wilson.