Latest Market Transitions News

Washington H. Soul Pattinson and Brickworks have secured Supreme Court approval for their share schemes, marking a key milestone as Topco shares prepare to enter the ASX market.

The Supreme Court of New South Wales has approved the merger scheme between Washington H. Soul Pattinson and Brickworks, paving the way for a new ASX-listed entity, Topco. Shareholders will soon exchange their Soul Patts shares for Topco shares as trading transitions next week.

Verbrec Limited has reported its strongest financial performance in over a decade, with record gross margins and a return to profitability, alongside the reinstatement of dividends. The company is positioning itself for growth in sustainable energy sectors amid a cautious but optimistic outlook for FY2026.

Smartgroup Corporation Ltd reported a solid first half for 2025 with revenue up 7% and net profit rising 11%, powered by strong novated leasing growth amid shifting electric vehicle policies.

Integrated Research Limited reported an 18% revenue decline and a 51% drop in net profit for FY25, while unveiling a strategic pivot towards AI-driven product innovation and cloud services.

Aussie Broadband delivered robust FY25 results, with revenue climbing 18.7% and EBITDA up 14.7%, underpinned by strong broadband growth and strategic diversification. The company unveiled its ambitious Look-to-28 plan targeting $1.6 billion revenue by FY28, driven by fibre expansion and wholesale partnerships.

QPM Energy has successfully completed major commissioning runs at its Townsville Power Station, generating over 4,700 MWh and preparing to take operational control. Final steps are underway to leverage new gas agreements and electricity market opportunities.

Verbrec Limited has landed over $11 million in new engineering and construction contracts, boosting its outlook for a solid profit in H2 FY2025 amid easing project deferrals.

Domino’s Pizza Enterprises announces the departure of long-serving ANZ CEO Kerri Hayman in August 2025, with Greg Steenson appointed as the new Chief Operating Officer to lead the next growth phase.

NTAW Holdings has terminated its Australian Dunlop tyre distribution agreements, entering new contracts with Sumitomo Rubber Industries and Goodyear entities, while continuing Dunlop distribution in New Zealand. The move marks a strategic pivot as NTAW aims to grow other business units and reduce costs.

Harmoney Corp upgrades its FY25 cash NPAT guidance to $5.5 million, driven by strong loan book growth and improved margins, while announcing a strategic 5% on-market share buy-back.

EBOS Group Limited posted robust interim results for H1 FY25, with underlying EBITDA rising 7.1% excluding the Chemist Warehouse Australia contract, driven by strong organic growth and strategic investments. The company maintained its dividend and reiterated FY25 EBITDA guidance between $575 million and $600 million.