Latest Automation News

Latrobe Magnesium has reached a third of construction completion at its Phase 1B Demonstration Plant, maintaining strong safety standards and progressing key installation milestones. The company targets first magnesium metal output in the second half of 2026, aligning with prior guidance.

CONNEQT Health Limited is offering eligible shareholders a share purchase plan to raise up to $0.5 million at a 24.3% discount, aiming to fund its next growth phase in vascular health technology.

Way2VAT has restructured its debt with Bank Hapoalim, securing a larger $4.876 million facility and extending loan terms to three years to support growth and approach breakeven.

ikeGPS Group Limited reported a 33% surge in subscription revenue to NZ$19.2 million for FY26, driven by AI-powered product innovation and expanding adoption among North American utilities. The company achieved positive underlying EBITDA in March and ended the year with NZ$33 million cash and no debt.

Adore Beauty has expanded its debt facilities with Commonwealth Bank, increasing total capacity to $25.2 million to support inventory growth and a new semi-automated distribution centre.

Talius has landed a $1.15 million contract with Seventh-day Adventist Aged Care (North NSW), doubling its recent Queensland deal and adding over $100,000 in annual recurring revenue.

Axtec Limited has obtained a fresh $1 million funding commitment from Oriental University City Holdings, aiming to accelerate its real estate automation strategy. The staged funding will convert into convertible notes pending shareholder approval.

ALS Limited (ASX:ALQ) has delivered a landmark FY26 with underlying net profit after tax surging 25.8% to $381.2 million, beating 2027 targets a year early and raising its dividend by 10%. The company continues to invest heavily in automation, digital initiatives, and laboratory expansions while advancing its climate strategy amid a post-year-end cyber incident.

FortifAI has appointed David Walker and Tim Edwards to its newly formed Advisory Board, reinforcing its push towards the commercial launch of the Nol8 AI Data Plane. These appointments bring heavyweight technology and financial services expertise to the company as it scales.

Qualitas Limited has upgraded its long-term Australian funds management EBITDA margin target from over 50% to more than 60%, driven by operational efficiencies and a proprietary AI platform designed to streamline investment processes.

Activeport and FirstWave have teamed up to launch an AI Gateway that provides large enterprises and government clients with secure, high-performance access to GPU compute over Australia’s largest carrier networks.

Spenda Limited has accelerated its strategic turnaround by slashing operating costs by about $400,000 per month and locking in new retail contracts, while eyeing divestments and emerging tech opportunities.