Latest Expansion News

DXN has told ASX that the intended cancellation of its A$8.8 million AI high-performance computing contract was price-sensitive information. The company expects to recover about A$4.2 million for work completed and committed costs, but has removed roughly A$8.6 million from its backlog and is still negotiating the termination agreement.

SciDev has won an award to supply bulk completion chemistry and on-site technical support to a major confidential oil and gas producer in the Permian Basin. The opportunity could generate up to A$20 million over 12 months, but there is no minimum purchase commitment.

Woodside Energy has set a new capital framework aimed at lifting portfolio returns while directing 20% to 40% of adjusted operating cash flow towards dividends and potential buybacks. The strategy rests on Scarborough, Trion and Louisiana LNG reaching production milestones, alongside US$400 million in annual structural cost reductions from 2028.

Oracle has completed a sizeable capital raising combining US$10 billion of notes with the issue of 86.2 million common shares. The company has not yet specified how the proceeds will be divided between investment, debt repayment, acquisitions, dividends or buybacks.

CF Industries delivered stronger third-quarter earnings and cash generation as nitrogen prices and volumes improved, while construction began on its US$3.7 billion Blue Point One project. The result was helped by favourable market conditions, lower realised gas costs and a US$62 million business interruption insurance recovery.

Host Hotels delivered an 8.8% rise in comparable hotel RevPAR and lifted its 2026 growth targets, despite a sharp quarterly fall in GAAP net income. Two acquisitions and a cheaper, longer-dated credit facility add a second layer to the lodging REIT’s expansion story.

Edwards Lifesciences delivered stronger-than-expected third-quarter growth and lifted its full-year 2026 outlook, led by a sharp rise in mitral and tricuspid therapies. A US$220.2 million impairment charge remains a notable counterpoint to the upbeat operating performance.

Block delivered a stronger third quarter, with gross profit up 22% and Cash App gross profit up 27%, but the result was overshadowed by a proposed $764 million net payment to resolve a US Department of Justice inquiry. The agreement remains subject to a final deal and court approval.

Light & Wonder lifted third-quarter net income 17% and adjusted free cash flow 21%, while cutting debt and extending its premium gaming growth streak. But the ASX-listed gaming group now expects FY26 EBITDA growth toward the lower end of its previous mid-to-high single-digit range.

Monvia delivered FY26 adjusted revenue and EBITDA slightly ahead of its IPO forecasts, while ARR climbed 21% to A$14 million. The ASX-listed insurance software provider now has a much larger pipeline, but expects FY27 total revenue to remain flat as professional services revenue eases.

Strategic Elements has secured its first commercial mining contract for Stealth Technologies’ EdgeiQ OnSite platform, worth approximately A$225,000 initially. A separate EdgeiQ Portable pilot has also launched after five underground trials with a Tier 1 mining company, giving the venture two potential routes into mining operations.

St Barbara has restarted ore processing at its Touquoy operation in Nova Scotia on schedule, with first gold doré targeted for January 2027. The company has set FY27 production guidance of 17,000 to 21,000 ounces alongside substantial spending on growth, reclamation and exploration.