Latest Industrials News

Connexion Mobility delivered record Q1 FY27 revenue and profit as Hallam Road Automotive contributed for a full quarter. The company also began developing Hyundai Motor America’s Dealer Lot Management platform, while renewal talks with its largest disclosed OEM relationship remain unresolved.

Nickel Industries delivered US$125.9 million of adjusted EBITDA in the September quarter, led by a second consecutive record from the Hengjaya Mine. Its new ENC HPAL project reached 50% of nameplate capacity, but severe dry conditions delayed the next step: commercial sales.

OD6 Metals has converted a run of high-grade Nevada fluorspar discoveries into a proposed 10,000-metre maiden drilling and bulk-sampling campaign. The company ended September with A$1.775 million in cash, but a subsequent A$6.92 million placement lifted pro forma funds to about A$8.695 million before costs and later movements.

Cleanaway has reaffirmed FY27 underlying EBIT guidance of $500 million to $530 million as its proposed EQT Infrastructure takeover moves into the approval process. The AGM also disclosed a second strike against the remuneration report, alongside sharply reduced executive incentive outcomes and continued scrutiny of safety and cash conversion.

Mirvac has held its FY27 earnings and distribution guidance after a resilient first quarter, despite a marked moderation in residential activity. Occupancy remained at 97%, development milestones advanced and roughly three-quarters of the $200 million buy-back was complete by 20 October.

Generation Development Group started FY27 with group funds under management up 29% to $48.1 billion, led by record quarterly inflows at Generation Life and resilient growth at Evidentia. The update also points to new commercial opportunities for Lonsec in investment governance, although it contains no earnings or cash flow figures.

Genesis Energy’s FY27 first quarter brought two tangible milestones for its growth plan: the first Huntly battery is commissioned and Leeston Solar Farm has reached final investment decision. The quarter also showed how favourable hydro conditions are reshaping generation, gas use and wholesale-market exposure.

Altech Batteries expects to receive A$5.8 million net from a Malaysian land sale, but the liquidity boost arrives alongside the collapse of its CERENERGY project and insolvency at its German subsidiary. A €2 million bond repayment has also been pushed out at a higher interest rate.

1414 Degrees has completed the acquisition that gives it 100% ownership of the 16 km² Aurora Energy Precinct near Port Augusta. The move simplifies negotiations around a proposed 140 MW battery, staged grid connections and a potential 1 GW AI data centre, but commercial commitments and financing remain outstanding.

Skellerup says FY27 has begun strongly, with first-quarter net profit after tax up 15% on the prior comparative period. The NZX-listed industrial products maker is forecasting full-year NPAT of $67 million to $72 million, while warning that geopolitical unrest and higher costs could weigh on demand.

SenSen Networks has opened FY27 with record quarterly customer cash receipts of A$5.3 million, 17% annualised recurring revenue growth and positive operating cash flow. The ASX-listed AI enforcement software company also secured A$2.6 million in new and expansion contracts, although converting those wins into recurring revenue remains the next test.

InVert Graphite has secured outright ownership of Curtin University’s RapidPulse technology while advancing a 2.56 million tonne contained graphite resource at Kumba. The company ended September with A$3.2 million in cash, giving it an estimated 5.5 quarters of funding at the latest spending rate.