Latest Managed It Services News

5G Networks Limited has released its audited FY2025 Annual Report, revealing key adjustments including a goodwill impairment linked to its AUCyber acquisition and finalized tax expenses. These revisions reshape the company’s financial statements without altering its overall asset base.

Eildon Capital Group has received an off-market takeover bid from Samuel Asset Management at $0.80 per security. The company’s independent board committee advises securityholders to take no immediate action while they assess the offer.

Shine Justice Ltd has announced an on-market buy-back of up to 10% of its ordinary shares, set to begin in October 2025 and run for a year. This move signals a strategic capital management initiative without requiring shareholder approval.

Ventia Services Group has extended its facility management contract with the City of Sydney, locking in $100 million over two years and continuing a partnership that began in 2018.

Service Stream Limited has landed a major long-term contract with the Australian Department of Defence to manage property and asset services across South Australia and the Northern Territory, marking a significant expansion into defence infrastructure support.

PRL Global Limited has extended its on-market share buyback program until December 31, 2025, signaling ongoing capital management efforts.

Prophecy International flags higher churn and softer US sales for its Snare product, prompting a conservative FY2026 outlook and $3.2 million in annual cost savings.

Excite Technology Services has renewed a $2.14 million contract with Keyton Retirement Living to provide managed cyber security and IT services over two years, reinforcing a strong partnership in a critical sector.

Halo Technologies Holdings Ltd reported a $6.06 million half-year loss, narrowing from last year’s $8.04 million, while preparing an $11 million rights issue to bolster its finances amid auditor concerns over asset valuations.

5G Networks Limited (5GN) reported a robust 27% revenue increase in FY25, driven by organic growth and a strategic acquisition of an 89.65% stake in cybersecurity firm AUCyber. The company’s underlying EBITDA turned positive, signaling a financial turnaround despite integration costs.

Acorn Capital Investment Fund Limited reported a robust FY25 with a $9.67 million profit after tax, a significant leap from $1.77 million the prior year, while delivering a 15.1% portfolio return that outperformed its benchmark.

Powerhouse Ventures Limited reported a striking 348.8% jump in profit after tax to $1.82 million for FY25, driven by strategic acquisitions and a robust investment portfolio. The company’s first operating cash profit and growth in net tangible assets signal a turning point in its transformation.