Latest Marketplace News

Mad Paws Holdings has secured Foreign Investment Review Board approval for Rover Group’s full acquisition scheme, with the board unanimously recommending shareholder support.

Briscoes Group has reported a resilient half-year performance for the period ending July 2025, maintaining near-record sales and solid profits despite ongoing economic challenges. Strategic investments in technology and infrastructure continue to position the company for future growth.

Frontier Digital Ventures reported a 5% decline in revenue but a striking 71% jump in EBITDA for the first half of 2025, driven by margin expansion and operational efficiencies across its classifieds marketplaces in emerging regions.

KMD Brands has launched a comprehensive 'Next Level' turnaround strategy targeting $25 million in cost savings alongside $15 million in growth investments, aiming to restore profitability and accelerate brand-led expansion.

RooLife Group Ltd reported a sharp 51% revenue decline to $4.62 million and a 31% increase in net loss to $2.76 million for FY2025, as it pivots towards higher-margin sectors including renewable energy and global social commerce.

FirstWave Cloud Technology reports a significant reduction in losses for FY25, driven by operational restructuring and new AI initiatives, while setting sights on Latin American expansion.

OpenLearning Limited reported a 30% revenue increase for the half-year to June 2025, driven by expanded AI-powered LMS adoption and multi-year contracts in the Philippines, while working towards break-even despite a wider loss.

Frontier Digital Ventures reported a 5% decline in consolidated revenue to A$33.3 million for the first half of 2025, driven by challenges in its Latin American property portal Infocasas. However, the company achieved a robust 71% increase in EBITDA, reflecting improved operational efficiency and strong associate performance in Pakistan.

Vection Technologies reports its first positive underlying EBITDA alongside a 22% pro-forma revenue increase, driven by major defence contracts and AI integration. The company’s strategic acquisition and sector diversification set the stage for sustainable growth in FY26.

Gumtree Australia Markets Limited reports a transformational FY25 marked by a $6.8 million Capital Markets division sale, a near doubling of EBITDA, and promising expansions in transactional services and partnerships.

Gumtree Australia Markets Limited has completed the sale of its Capital Markets business, reporting a 6% revenue decline but a notable rise in EBITDA from its core Classifieds segment. The company is now focused on expanding its transactional offerings and strategic partnerships.

Steadfast Group reported a robust FY25 with underlying NPAT rising 17.2% to $295.5 million, driven by strong organic growth and strategic acquisitions in the US and UK. The insurer broker continues to invest in technology and international expansion while raising dividends.