Latest Market News

Megaport Limited has successfully completed a A$200 million institutional placement to fund its acquisition of Latitude.sh and accelerate network growth in India, signaling a strategic push into hybrid cloud and AI-driven infrastructure.

MLG Oz Limited has extended its contract with Rio Tinto at the Western Turner Syncline Mine by three months, adding approximately $5 million in revenue through March 2026.

ARN Media reports a challenging second half of FY 2025 with a 10% revenue decline and expects EBITDA to fall 25%-27%, while advancing a $40 million cost reduction program and repositioning as an entertainment business.

Aristocrat Leisure reported robust FY25 results with 11% revenue growth to A$6.3 billion and a 12% rise in NPATA, fueled by strong performances across its gaming segments and strategic acquisitions. The company signals continued profit growth in FY26, underpinned by organic expansion and market share gains.

Aristocrat Leisure has delivered a robust FY25 performance with double-digit growth in earnings and revenue, underpinned by market share gains and strategic portfolio realignment. The company also returned $1.4 billion to shareholders through dividends and buy-backs.

ABx Group has launched a new drilling campaign targeting extensions of its high-grade T8 rare earth discovery in northern Tasmania, focusing on critical elements terbium and dysprosium. Early drilling confirms shallow mineralisation with assays pending, highlighting the project's strategic potential amid global supply constraints.

Omega Oil and Gas has inked a binding Letter of Intent with Helmerich & Payne for a cutting-edge drilling rig to spearhead its expansive 2026/27 Taroom Trough appraisal program, aiming to unlock significant unconventional gas and liquids resources.

Aristocrat Leisure reported robust FY25 results with revenue up 11% to $6.3 billion and a 12% rise in normalised net profit after tax before amortisation. The company boosted dividends by 19% and completed key acquisitions and divestitures, positioning itself for future growth.

SHAPE Australia has agreed to acquire Arden Group, expanding its footprint in retail fitout and facilities maintenance with an earnings accretive deal.

Flight Centre Travel Group delivered a record $24.5 billion total transaction value in FY25 alongside solid profitability, while setting an ambitious profit growth target for FY26 amid ongoing investments in AI and digital innovation.

Flight Centre Travel Group reported a profit shortfall in FY25 but remains optimistic for FY26, driven by strategic investments, AI integration, and a diversified global portfolio.

Perpetual Credit Income Trust (PCI) has closed its Shortfall Offer ahead of schedule due to robust investor interest, while maintaining its planned Entitlement Offer timetable.