Latest It Services News

Associate Global Partners Limited (AGP) reported an 8.1% increase in funds under management to $1.397 billion in FY25, driven by robust investment performance and a successful capital raising. The firm also narrowed its net loss significantly and strengthened its distribution capabilities, setting a positive tone for FY26.

RAM Essential Services Property Fund (REP) reported solid FY25 results, maintaining stable occupancy and delivering steady income while progressing its shift to a healthcare-focused REIT. The fund also announced a key board appointment as it looks ahead to further growth.

RAM Essential Services Property Fund (REP) posted a reduced net loss for FY25 alongside stable distributions and extended its debt facility to January 2027, maintaining a focus on essential healthcare and retail properties amid a cautious economic outlook.

Metrics Real Estate Multi-Strategy Fund has released its inaugural annual report, revealing a strong start with $41.9 million profit before tax and distributions of 8.21 cents per unit following a $302.8 million IPO. The Fund’s diversified commercial real estate portfolio spans senior loans, mezzanine debt, and equity investments across Australia and New Zealand.

Domain Holdings Australia has officially been acquired by US-based CoStar Group, with shareholders receiving cash payouts and a special dividend. The acquisition triggers a board overhaul and imminent ASX delisting.

Metrics Master Income Trust (MXT) reported a solid FY2025 with $2.44 billion in assets under management following a $315 million capital raise, while delivering an annual net return of 8.17%, outperforming its benchmark.

Metrics Income Opportunities Trust reported a 6.6% increase in profit for FY25, achieving an 8.8% net return and maintaining strong portfolio diversification in private credit assets.

Talius Group Limited reported a 21% increase in sales revenue for the first half of 2025, driven by strong hardware sales and recurring software subscriptions. The company also completed a major contract rollout and achieved significant cost reductions, positioning itself for growth amid evolving aged care sector dynamics.

Associate Global Partners Limited reported a 14% revenue increase to $7.085 million for FY2025, driven by strong fund growth and improved performance fees. The net loss after tax narrowed significantly to $171,000, reflecting operational progress despite no dividend declaration.

DroneShield Limited has reported a record half-year performance with revenues soaring 210% to A$72.3 million and a robust sales pipeline exceeding A$2.3 billion, underpinned by rising global defense spending and advanced AI counterdrone technology.

WiseTech Global has announced a fully franked ordinary dividend of USD 0.077 per share for the first half of FY25, with a Dividend Reinvestment Plan available to eligible shareholders.

Proteomics International Laboratories reported a 26% increase in losses for FY2025, driven by higher operational costs as it advances its Promarker® diagnostic pipeline. Despite an 8% rise in revenue from ordinary activities, total income slipped 2%, underscoring ongoing commercialisation challenges.