Latest It Services Sector News

RocketDNA Ltd delivered a break-even operating cash flow quarter with $2.47 million revenue, driven by soaring autonomous drone usage and the debut of its Skylink® operating system.

The Federal Court has approved the acquisition scheme for Insignia Financial by CC Capital Partners, setting the stage for a $4.80 per share cash payout and imminent ASX suspension.

Tian An Australia Limited reported a statutory profit of $23.4 million for the year ended 31 December 2025, driven by strong property development sales and a gain from restructuring its major shareholder loan. The company progressed multiple residential projects and improved its net asset position amid a recovering housing market.

GR Engineering Services Limited has been awarded a $68 million EPC contract by Northparkes Mining Services, a subsidiary of Evolution Mining, to upgrade the Northparkes Coarse Particle Flotation Project in New South Wales, aiming to improve copper recovery and energy efficiency.

ARC Funds Limited (ASX: ARC) has entered a conditional agreement to acquire a 25% minority equity interest in Ausbiz Group Pty Ltd by issuing over 8 million shares to Ausbiz shareholders, subject to customary conditions including shareholder approval.

Count Limited has successfully raised $35.9 million through an institutional placement to partially fund its acquisition of Oracle Group Ltd, while also launching a $5 million Share Purchase Plan for existing shareholders.

Sequoia Financial Group has postponed its interim dividend payment to mid-May as it finalises the sale of InterPrac and awaits ASX guidance on a potential shareholder meeting.

Spacetalk Ltd has secured firm commitments to raise approximately $6 million through a two-tranche share placement, alongside appointing Andrew Grover as an independent Non-Executive Director. The capital raise aims to accelerate app development and support growing subscriber demand.

Duratec Limited’s subsidiary has secured a significant multi-million dollar contract to provide plug and abandonment services in Papua New Guinea, marking a strategic expansion in the energy services sector.

Latitude Group Holdings has finalised the margin and size for its Capital Notes 2 offer, setting a 4.15% annual margin and allocating $130 million following a successful bookbuild.

Monadelphous Group Limited has updated its dividend announcement, confirming a fully franked ordinary dividend of 49 cents per share and setting the Dividend Reinvestment Plan price at $27.36. The payment is scheduled for late March, offering shareholders a no-discount DRP option.

Challenger Limited’s attempt to acquire Pepper Money has been declined by Pepper’s board, while Challenger moves forward with a $150 million share buy-back program.