Latest Mobility News

InFocus has reduced quarterly operating cash outflow by 40% while advancing Codexa and securing a conditional first customer for its overseas real-money gaming platform. The USD 2.4 million minimum fee commitment is substantial for the company, but it depends on development, licensing and launch milestones that have not yet been completed.

Metro Mining increased third-quarter shipments by 17% from the previous quarter and secured 4.5 million wet metric tonnes a year of binding offtake for 2027 to 2029. The result came with lower guidance, elevated costs and operational disruptions still weighing on the business.

Peppermint Innovation’s Philippine payments business delivered a sharp September-quarter acceleration, with customer receipts rising to A$1.18 million and operating cash outflow falling 55%. The company says early October volumes have already exceeded September’s full-month total, while ASX reinstatement remains conditional.

Conrad Asia Energy has moved the US$320 million Mako gas project into full-scale fabrication after completing its 75% farm-down to Nations and securing a domestic gas sales route into Batam. The project remains fully funded, with first gas targeted for the fourth quarter of 2027, although Conrad’s cash position remains modest and further carry-loan drawdowns are expected.

South Port has entered FY27 with record full-year earnings behind it and first-quarter cargo volumes still rising, while a new chair takes over during a fresh investment cycle. The port is also preparing to add staff and potentially replace major equipment as regional development opportunities build.

Norwood Systems reported A$808,000 in September-quarter customer receipts and positive operating cash flow, but ended the period with only A$14,000 in cash. Its UK and US Tier-1 opportunities advanced towards commercial decisions without yet becoming production contracts.

Swoop ended Q1 FY27 with $5.9 million in cash after a $2.0 million operating outflow, but is progressing two conditional fibre asset sales worth about $15.5 million. The TPG mobile migration also produced less customer churn than expected, giving the challenger telco some operational momentum as it works to reduce debt.

IDP Education has reaffirmed FY27 Adjusted EBIT guidance of A$95 million to A$115 million after using cost control, stronger yields and cash generation to cushion another sharp fall in international student volumes. The AGM also disclosed that the board had rejected an unsolicited acquisition proposal and had completed about A$11 million of a planned A$50 million buyback.

Heartland Group has started FY2027 on target, with quarterly ROE, margins and costs all tracking its full-year guidance. Strong Reverse Mortgage growth in New Zealand and Australia helped offset shrinking Rural, Motor Finance and Business Finance portfolios ahead of the proposed TSB merger.

EMVision Medical Devices has taken its pivotal emu™ trial beyond 230 participants while preparing to add acute ischaemic stroke detection to the FDA validation program. The ASX-listed medtech ended September with $18.1 million in cash and $3.7 million in remaining grant funding.

Dubber reported $1.3 million of positive operating cash flow in Q1 FY27, alongside $7.7 million in revenue and $16.2 million of total liquidity. The company is now shifting from cost reduction towards growth, with new AI products and the proposed Daisee acquisition next in line.

Kinetiko Energy has moved its Brakfontein project closer to production, adopting a Phase 1 development plan and advancing permitting and CNG engineering. The progress comes with only 1.54 quarters of funding available, leaving the company reliant on pending capital and project payments.