Latest Networking News

Viva Energy has put a medium-term growth plan around its convenience network while seeking a new government framework to keep the Geelong refinery operating beyond 2030. The strategy includes $350 million to $450 million of annual capital spending from 2027 to 2029 and a target net debt-to-EBITDA ratio of about 2.0 times.

Count Limited has entered FY2027 with sharper earnings momentum, record funds under management and a larger acquisition pipeline after shareholders approved all AGM resolutions. The company also outlined its biggest Equity Partnership investment yet, while maintaining a higher dividend and a $1.25 million Oracle synergy target.

Electro Optic Systems has won a US$16 million, approximately A$23 million, counter-drone order from the armed forces of an unnamed Middle Eastern nation. The contract is expected to be substantially delivered within 12 months, although EOS cautioned that any larger follow-on work is not guaranteed.

DTE Energy plans to sell substantially all of its Vantage assets for about US$3 billion and redirect the proceeds into regulated utility infrastructure. The strategy lifts its five-year utility investment plan to US$44.2 billion and raises its long-term operating earnings growth target above 9%.

Charter Communications has launched a major operating reset after pro forma revenue, EBITDA and Internet customers declined in the third quarter. The company is targeting US$2 billion in annualised savings, but carries US$108.6 billion of debt after completing its Cox acquisition.

QuickFee’s Q1 FY27 revenue held at A$4.2 million on a normalised basis, while US loan originations rose 15% and Australian transaction values slipped. The lender maintained FY27 EBTDA guidance at A$4.5 million to A$5.0 million despite lower net interest margins and softer SME conditions.

Lindsay Australia has crossed $1 billion in annual revenue for the first time, with underlying EBIT up 37.7% to $60.4 million. The logistics group is now turning from major network investment to extracting returns, even as softer freight volumes and lower horticultural yields cloud FY27.

The Colonial Motor Company delivered a stronger FY2026 result, but warned that first-quarter earnings have come under pressure as Chinese vehicle brands and new energy vehicles reshape New Zealand’s automotive market. The company is responding with BYD and JAC investments while preserving its conservative balance sheet.

Nine Entertainment has maintained its forecast for revenue and EBITDA growth in FY27, while lifting its expected annualised cost savings target to at least A$180 million. Outdoor, Stan and digital publishing are carrying more of the group’s earnings, although Total Television revenue remains under pressure and shareholder support for executive remuneration was less emphatic.

Autosports Group has agreed to acquire Mercedes-Benz Parramatta, Mercedes-Benz Castle Hill and Chery Castle Hill from Grand Motors Group. The deal would extend its luxury dealership footprint across Western Sydney and the Hills District, but still requires ACCC approval and other conditions before targeted completion in February 2027.

Briscoe Group delivered its fourth consecutive quarter of positive sales growth, while online trading and sporting goods helped offset a cautious consumer environment. The retailer now expects full-year reported net profit after tax of up to $55 million, although distribution centre and SAP investment costs continue to weigh on earnings.

DTE Energy plans to sell its non-utility Vantage business for about US$3 billion and redirect the proceeds into a much larger regulated utility investment programme. The shift comes alongside approved Google and Oracle data centre contracts and a long-term operating EPS growth target above 9%.