Latest Australian Capital Territory News

Cash Converters International Limited has launched a $25 million equity raising to fund the acquisition of 29 Australian franchise stores, aiming to expand its corporate store network and enhance earnings. The move is backed by major shareholder EZCORP, signaling confidence in the company’s growth strategy.

Downer EDI Limited has won a $3.05 billion contract to provide base and estate services to the Australian Department of Defence, significantly expanding its operational regions and responsibilities over the next decade.

COG Financial Services is set to broaden its salary packaging and novated leasing footprint across Australia through the $40 million acquisition of EasiFleet. This strategic move positions COG for upcoming government contracts in key states.

AF Legal Group Ltd reported a robust 27% increase in revenue to $27.6 million for FY25, propelled by key acquisitions and operational expansion, despite one-off costs impacting statutory profits.

Acusensus Limited reported a robust FY25 with 20% revenue growth and a significant 84% jump in total contract value, setting the stage for an ambitious FY26 forecast of up to 41% revenue increase.

Autosports Group Limited reported a record $2.865 billion revenue for FY25 alongside strategic acquisitions set to fuel growth in FY26. The luxury automotive retailer is capitalizing on improving market conditions and expanding its footprint with new dealerships and property purchases.

Abacus Storage King has reported a robust FY25 with a $289 million net profit and steady distribution guidance, while advancing its growth and sustainability agenda amid ongoing takeover discussions.

Autosports Group is set to acquire Gulson Canberra, including the Porsche Centre Canberra, marking its entry into the Australian Capital Territory market and reinforcing its luxury brand strategy.

Cromwell Property Group has provided fresh details on its Barton development, confirming a $201 million total cost and a projected yield exceeding 6.3%. This update clarifies financial expectations amid growing market interest.

Service Stream Limited has extended its contract with NBN Co to continue upgrading the ACT’s fibre network, securing $360 million in revenue over 3.5 years.

Ventia has expanded its partnership with NBN Co through a $280 million contract amendment to upgrade fibre infrastructure in the Australian Capital Territory, marking a strategic geographic expansion.

LGI Limited reported a 7% rise in revenue and a 3% increase in EBITDA for H1 FY25, driven by expanded power generation capacity and higher landfill gas flows. However, net profit after tax declined by 22%, reflecting ongoing investment and market dynamics.