Latest Market News

Solution Dynamics is relying on its nascent nGAGE software business and a larger potential buyback to navigate a sharp FY2026 earnings setback. Net profit fell 85.4% to NZD 0.382 million after the loss of a major customer contract, while FY2027 guidance remains at NZD 0.4 million to NZD 1.0 million.

Magellan Financial Group says its Barrenjoey merger is integrating ahead of schedule, with annual synergies now forecast at $15 million. The group also reported $778 million of pro forma FY26 revenue, while warning that early FY27 trading has been softer in Financial Markets and Investment Management.

Genesis Energy’s FY27 first quarter brought two tangible milestones for its growth plan: the first Huntly battery is commissioned and Leeston Solar Farm has reached final investment decision. The quarter also showed how favourable hydro conditions are reshaping generation, gas use and wholesale-market exposure.

Airtasker delivered its strongest GMV growth in four years in FY26, but the expansion still consumed cash as international investment accelerated. The ASX-listed marketplace is now targeting positive free cash flow in FY27 while scaling membership and reducing UK investment.

Nick Scali expects first-half FY27 underlying net profit of $28 million to $32 million after a sharp slowdown in Australia and New Zealand. The UK business is growing strongly, but ANZ revenue is forecast to fall 11% to 14% and the company has booked almost $1 million in cyber incident costs.

CSL has appointed ViiV Healthcare CEO Deborah Waterhouse to lead the biopharmaceutical group from 1 February 2027. Her arrival comes with a substantial UK-pound-denominated remuneration package and a mandate to renew the pipeline while simplifying operations.

Evolution Energy Minerals has moved its Chikundo copper project into maiden drilling, with chalcopyrite seen in two of the first three holes after quarter end. The company also cleared a Tanzanian licence default notice, while its A$2.25 million cash balance leaves the larger Chilalo development still dependent on funding and execution.

Avecho Biotechnology has told the ASX it is unaware of any undisclosed information that could explain a sharp move in its share price and a significant increase in trading volume. The company also confirmed compliance with continuous disclosure rules after responding to an exchange price query.

Wiluna Mining is asking investors to fund an $180 million relisting and mine-restart plan after a processing-tank rupture halted its revenue-generating operations. The company delivered a $59.5 million FY26 profit, but its prospectus warns that near-term gold sales are not expected and the restart remains unproven.

GenusPlus has delivered a sharp rise in FY2026 revenue, profit and operating cash flow, while completing its largest strategic acquisition to date. The $325 million MPC Kinetic transaction broadens the company beyond electricity infrastructure just as its order book reaches $2.2 billion.

Xstate Resources ended September with A$676,000 in cash and an estimated 0.97 quarters of funding based on historical outgoings. The company says lower future activity, A$300,000 of receivables and potential equity funding should support operations while Diona-1 flow testing remains under review.

EQT Holdings delivered strong growth from its continuing businesses in FY26, but a superannuation exit, litigation and takeover uncertainty left group profit and dividends lower. The company says discussions with BGH Capital and TPG Global remain open, while targeting completion of the superannuation exit by the end of 2027.