Latest Networking News

Electro Optic Systems has signed its largest-ever contract, worth £370 million or about A$700 million, to deploy a nation-wide counter-drone network in an unnamed Gulf state. The opportunity is substantial, but remains conditional on guarantees, an advance payment, export licences and further consents.

City Chic Collective lifted FY26 underlying EBITDA 92% to $12.3 million despite a 3.1% revenue decline, helped by stronger ANZ trading, higher margins and a leaner cost base. The retailer remains loss-making after tax, but enters FY27 with $5.2 million in net cash and early signs of renewed store momentum.

Guzman y Gomez delivered 18.8% network sales growth in Q1 FY27, with comparable sales up 7.1% as its Australian restaurant base expanded. The company also reaffirmed its earnings and expansion targets while approving a further buyback extension of up to $100 million.

Central Petroleum will put PV14 into production despite an initial 3.2 TJ/d flow test that fell below its target and recent Palm Valley wells. Water seen during vacuum flow leaves the well’s sustainable output uncertain as attention shifts to PV15.

MotorCycle Holdings has set out a five-year plan targeting more than $1.2 billion of combined wholesale and retail revenue by FY31, with growth expected from broader powersports, CFMOTO expansion and a leaner retail footprint. The strategy also carries an upfront cost, including about $2 million of anticipated non-underlying FY27 spending on HRIS and data initiatives.

The Calmer Co has secured an initial Coles order for its Fiji Kava FZZR Piña Colada 10-pack, with rollout expected across 583 stores from the week commencing 12 October. The launch comes as sales and supermarket distribution of the company’s existing kava range continue to expand.

Servcorp Limited (ASX:SRV) has posted a third consecutive record year, with underlying profit, free cash flow and dividends all rising sharply. The debt-free workspace operator is guiding to another year of strong cash generation while investing in Saudi Arabia, technology and AI-enabled services.

Sea Forest has signed Teys Australia as the potential exclusive distributor of SeaFeed across the Australian and New Zealand beef industries, targeting at least 480,000 cattle by June 2027. The agreement materially expands the herd covered by arrangements, but pricing, revenue and the volume commitment remain unresolved.

RocketBoots has moved its major multinational retailer contract from integration into live US store installations, issuing its first €84,445 invoice for cloud activation and initial deployments. The milestone puts the company closer to accessing approximately A$9.1 million in annual recurring revenue, although the wider rollout remains phased and customer-led.

An independent transport study has found Alurion Resources’ Amargosa bauxite project can use established road routes for assessed haulage volumes up to 11.5 wet million tonnes a year, twice its Scoping Study base case. The result gives the project’s pre-feasibility study a firmer logistics foundation, although it does not establish a larger production target or guarantee port access.

LGI Limited (ASX:LGI) is buying two operating Queensland solar farms for $22 million, adding 42MW of export capacity at a price below the company’s stated greenfield replacement cost. The transaction lifts LGI’s targeted medium-term renewable and dispatchable capacity pipeline beyond 120MW, although the projected earnings contribution depends on electricity prices, synergies and software integration.

Activeport has secured a stage-one contract worth more than A$1 million to deploy its network orchestration software across Microscan’s 1,800-kilometre pan-India fibre network. The agreement could expand recurring licence revenue, although the timing and scale of that contribution remain undisclosed.