Latest Networking News

Mainfreight has delivered a sharp first-half recovery, with net profit rising 66.4% to NZ$155.4 million as freight volumes, customer gains and overseas operations improved. The NZX-listed logistics group also approved an 85-cent interim dividend, while warning that margins and economic conditions remain uneven.

Camplify has returned to Group EBITDA profitability after a $10.6 million turnaround, with MyWay Mutual helping lift margins and cash generation. But first-quarter GTV remained sharply below last year, leaving demand recovery as the next test of the reset strategy.

Anagenics will acquire Australian skincare brand Bio-First for $50,000 in shares, adding existing formulations, digital assets and a database of more than 25,000 email contacts. The company plans to relaunch the brand through BLC Cosmetics’ established ecommerce and professional beauty channels.

GCM has signed a 24-month development agreement with Shenzhen-based JSY to combine its VHD heat plate with JSY’s zipper fin technology. The company has also begun manufacturing an integrated evaluation product with ALVC, but neither programme yet carries committed revenue or production volumes.

PEXA has sharply lowered its FY27 revenue and profit expectations after Australian Exchange volumes fell 11.5% in the first quarter. Stable market share and customer satisfaction offer some support, but October transfer volumes were down 26% and a regulatory pricing decision remains pending.

Li-S Energy says its lithium-sulfur technology moved closer to commercialisation in 2026, with new Power Cells, defence testing and a nearly two-hour drone flight. The company is now planning the next manufacturing step while holding $15.0 million in cash.

DGL Group has acknowledged a $40.2 million statutory loss for FY26, as higher input costs, weak battery supply and underused facilities eroded margins. Management says earnings improved materially in the first quarter of FY27, but has provided no figures to show how much of the recovery is sustainable.

Superloop has started FY27 with strong consumer and Smart Communities growth, taking group customers to 954,000 by 31 October. The ASX-listed telco is targeting underlying EBITDA of $148 million to $156 million, although capital expenditure is set to rise sharply as it funds network expansion and integration.

Virgin Australia has reaffirmed its FY27 outlook, with first-half underlying EBIT expected to remain broadly in line with the prior year despite elevated fuel, airport and labour costs. The airline is trimming domestic capacity while maintaining 6% to 8% RASK growth and committing up to $1 billion to fleet and other capital investment.

Codan will acquire US mission-critical recording specialist Eventide Communications for about A$244 million, adding evidence capture and AI analytics to Zetron’s command-and-control software. The deal is expected to be mid-single-digit EPS accretive in its first full year, including synergies, but will also add debt and integration costs.

American West Metals has outlined a 109.7Mt to 214.0Mt JORC Exploration Target beyond the existing resource at its Storm Copper Project in Nunavut. The estimate could represent up to 2.2 million tonnes of contained copper, but remains conceptual until drilling establishes a Mineral Resource.

Myer Holdings crossed the $4 billion sales mark in FY26, but a tougher consumer environment, weaker underlying earnings and $279.6 million of post-tax impairments pushed the department store operator to a $276.5 million statutory loss. The group enters FY27 with $100.1 million of net cash, no final dividend and a large execution burden.