Latest It Services Sector News

Credit Corp Group Limited reported a robust 14.6% revenue increase and an 85.6% jump in profit after tax for the year ended June 2025, alongside a significant dividend hike.

Domain Holdings Australia has confirmed a one-week delay in the implementation of its proposed CoStar scheme of arrangement, now set for 27 August 2025.

Domain Holdings Australia Limited shareholders have overwhelmingly approved the proposed acquisition by CoStar Group, marking a pivotal step toward the deal’s completion pending court approval.

Babylon Pump & Power has completed two key acquisitions, expanding its water services platform and enhancing earnings with minimal integration risk. These moves position the company for sustained growth in the mining services sector.

Sequoia Financial Group has launched a dedicated AFSL Governance Committee to bolster oversight across its licenses, appointing former ASIC Commissioner Danielle Press as Independent Chair.

Norwood Systems has extended the repayment date on its key loan facility to August 2025, underscoring the critical role this funding has played in securing a major Optus contract and supporting its growth ambitions.

FlexiRoam Limited has achieved profitability in Q4 FY25, marking a significant turnaround with a positive EBITDA and net profit. Founder Jefrey Ong is appointed permanent CEO to steer the company’s next growth phase.

Atturra Limited is set to acquire Blue Connections Pty Ltd for $18 million upfront plus earn-out, significantly boosting its managed services portfolio and establishing a new Victorian hub.

Domain Holdings Australia has set the second court hearing for its proposed CoStar scheme of arrangement on 6 August 2025, clarifying an earlier date error.

ASF Group Limited reported a stable cash position of $1.3 million as of June 2025, accepted a takeover offer for its stake in Rey Resources, and continued to develop its innovative technology and biotech investments.

Turners Automotive Group has issued over 324,000 new shares under its Dividend Reinvestment Plan for the FY25 final dividend, slightly increasing its capital base.

Freelancer Limited has posted a notable financial turnaround in the first half of 2025, reporting a net profit of $1.9 million on the back of 8.5% revenue growth and improved cash flow. The company’s strengthened balance sheet and strategic share acquisition position it well for future growth.