Latest It Services News

NZX has appointed seasoned investment executive Hishaam Mirza as its new Chief Executive, aiming to boost the exchange's scale, liquidity, and international relevance.

Morphic Ethical Equities Fund Limited delivered a 1.34% rise in net profit to $7.32 million for FY26, outpacing its benchmark with a 29.11% portfolio return and announcing a fully franked 1.4 cent dividend alongside plans for a substantial share buyback.

PEXA has lodged a detailed response to IPART’s draft report on ELNO service fees, revealing FY26 transaction volumes and flagging a downturn in FY27 amid economic headwinds. The company backs its case with independent expert critiques and awaits regulatory outcomes.

First Au Limited has identified a promising new gold mineralisation zone at its Kims prospect near Kalgoorlie, with surface samples grading up to 4.93g/t Au, supporting its expanding Western Australian portfolio.

Cryosite Limited delivered robust FY26 results with revenue up 18% to $16.7 million and net profit rising 19%, underpinned by a strategic warehouse acquisition that doubled storage capacity and a cool room expansion.

After more than 11 years at the helm, Stewart Tully steps down as CEO of Alliance Aviation, handing leadership to Steven Greenway from October 2026. The transition aligns with Alliance's strategic realignment following a revised wet lease deal with Qantas.

HiTech Group Australia posted a 3.2% revenue decline in FY26 to $65.6 million, with EBITDA down 35%, yet maintains a strong balance sheet and a 4 cent fully franked dividend. The company is progressing its acquisition of Hudson’s Australian operations, aiming to bolster growth and margins in FY27.

The Queensland Court of Appeal has overturned a prior Supreme Court decision that had set aside a statutory demand against Australian Pacific Coal, ordering the company to cover legal costs for both proceedings.

Adrad Holdings delivered a 15% rise in net profit after tax for FY26, driven by operational efficiency and growth in engineered heat transfer solutions, alongside a 15% dividend increase.

EQT Holdings has received a nonbinding takeover proposal from TPG Global valuing the company at A$24.55 per share. The offer hinges on multiple conditions including due diligence, regulatory approvals, and board endorsement.

Critica Limited is reshaping its Mt Lindsay Tin-Tungsten Project with an innovative underground mining approach, aiming to reduce surface disturbance and integrate environmental and commercial factors amid strengthening commodity prices.

Munro Partners has agreed to buy GSFM Pty Limited, the parent company of GSFM Responsible Entity Services, which manages three Munro-branded ETFs. The deal is expected to close in Q4 2026, with potential shifts in board composition but no disruption to fund management.