Latest Australian It Market News

betr Entertainment has increased its all-scrip takeover bid for PointsBet shares to an equivalent of $1.35 per share, outbidding MIXI's $1.20 cash offer and positioning itself as the preferred suitor.

WhiteHawk Limited reported solid Q2 revenue growth with new US contracts and is advancing its Australian market entry, while managing cash flow challenges.

Wisr has reported a robust Q4FY25 with a 154% surge in loan originations and a growing loan book now at $824 million, underpinned by improved credit metrics and strong capitalisation.

AGP Investment Management revamps the WCM Quality Global Growth Fund’s distribution policy, moving from annual to quarterly payouts and setting a minimum 5% annual cash yield to enhance investor income predictability.

The Lottery Corporation has appointed Wayne Pickup as its new CEO, succeeding Sue van der Merwe who is retiring after 35 years in the industry. Pickup brings 25 years of global lottery experience and will begin in November 2025, pending regulatory approvals.

3D Energi is gearing up to drill up to six exploration wells in the offshore Otway Basin, targeting a massive 9.2 trillion cubic feet of prospective gas resources. The entry of Korea National Oil Corporation into the joint venture adds strategic weight to this pivotal East Coast energy project.

EVE Health Group has secured regulatory approval enabling prescription access for its lead products Libbo and Dyspro in Australia, setting the stage for a commercial rollout before the end of 2025.

BKI Investment Company Limited reported a 4% decline in net profit for FY2025, driven by lower special investment revenue despite a 1% rise in ordinary revenue. The company declared a fully franked final dividend of 4.00 cents per share, maintaining a steady income stream for shareholders.

betr Entertainment Limited has launched an all-scrip takeover bid for PointsBet Holdings Limited, offering 3.81 betr shares for every PointsBet share, valuing PointsBet at $1.22 per share and promising significant cost synergies.

Tamboran Resources has reported a record-breaking 60-day initial production flow rate of 6.8 million cubic feet per day from its Shenandoah South 2H sidetrack well in the Beetaloo Basin, underscoring its progress toward commercial gas supply for Northern Australia.

RooLife Group has agreed to sell its Australian digital marketing subsidiary CHOOSE Digital for $356,500, marking a strategic pivot towards high-margin international product sales.

MaxoTel, already Vonex’s largest shareholder, has agreed to acquire the remaining shares of Vonex at a significant premium, setting the stage for full ownership pending shareholder and court approvals.