Latest It Services News

Motio Limited has upgraded its FY25 financial guidance following robust trading after the April period, raising revenue and cash EBITDA targets while maintaining a solid cash position.

Westpac Banking Corporation reported a slight 1% decline in net profit to $3.3 billion for the first half of 2025, while business and institutional lending grew robustly. The bank maintained a solid capital position and announced a fully franked interim dividend of 76 cents per share.

Westpac Banking Corporation posted a $3.5 billion net profit for the first half of 2025, maintaining strong capital ratios and advancing its digital transformation and sustainability initiatives despite a slight earnings dip.

Westpac Banking Corporation posted a slight 1% decline in net profit for the first half of 2025, underpinned by strong growth in business and institutional lending and a resilient balance sheet amid global volatility.

Smartpay Holdings has entered an exclusivity agreement with an international strategic bidder offering NZ$1.20 per share in cash, advancing a potential full acquisition amid competing proposals.

Wellard Limited has secured a final ATO Class Ruling confirming its 2 cents-per-share return of capital is not a dividend, clarifying tax treatment for shareholders following the sale of its MV Ocean Ute vessel.

CL8 Holdings has completed a strategic merger of its Carly car subscription business with Carbar Holdings, combining two of Australia’s leading platforms. The company retains a stake in the merged entity and plans to pursue fresh growth opportunities while streamlining operations.

SenSen Networks has extended its contract with Brisbane City Council for kerb management and enforcement solutions, including a large-scale rollout of its innovative SenPIC technology, in a deal valued at an estimated $8 million over four years.

Anagenics Limited has completed a significant restructuring to simplify operations and issued 35 million shares to FOS Capital as part of this process. The company confirms its going concern status and outlines plans for organic and acquisitive growth over the next year.

Helia Group’s 1Q25 APRA lodgement reveals robust growth in gross written premiums and statutory net profit, while the company voices concerns over proposed government changes to the Home Guarantee Scheme that could reshape its market dynamics.

MCS Services Limited reported a solid cash position of $1.23 million at quarter-end and is actively exploring the sale of its Traffic Business subsidiary while awaiting key tender results.

Judo Capital Holdings updates its FY25 outlook, reporting stable margins and operational progress but slowing loan growth due to market uncertainties and higher provisioning.