Latest Product Development News

Energy One Limited (ASX – EOL) delivered a robust FY25 performance, posting 17% revenue growth to $61.4 million alongside a 74% surge in net profit, underpinned by strong market expansion and strategic investments in cybersecurity and product innovation.

Ainsworth Game Technology reported a steady profit before tax of $13.9 million for the first half of 2025, supported by a 25% revenue increase driven by strong North American and Asia Pacific markets.

Spenda Limited has locked in a $3.5 million convertible loan facility with Obsidian Global GP, LLC, aiming to strengthen its working capital and edge closer to operational break-even.

XRF Scientific Limited reported a record profit for FY25, driven by strong mining sector demand and international sales growth, alongside strategic acquisitions that bolster its market position.

HUB24 has reported a stellar FY25 with a 38% jump in underlying EBITDA and a 47% increase in dividends, driven by record platform net inflows and expanding market share.

FBR Limited invites eligible shareholders to participate in a $1 million Share Purchase Plan at a 23.1% discount, aiming to fund key robotic projects and repay debt.

Universal Biosensors has extended the due diligence period with major investor Viburnum Funds as it continues to negotiate a secured loan facility, with no binding commitment yet reached.

Audinate’s FY25 was a year of strategic transition marked by shipment of one million Dante devices, launch of a cloud-based management platform, and acquisition of Iris Studio to bolster AI-driven video capabilities. Despite revenue headwinds, the company is poised for growth in FY26 with strong gross profit momentum and a robust balance sheet.

Connexion Mobility Ltd reported a robust 14% revenue increase and a 32% rise in profit after tax for FY25, underpinned by its SaaS fleet management platforms and a significant share buyback program.

AnteoTech has mutually terminated its A$1.4 million Queensland government grant to avoid costly co-investment, opting instead for cheaper third-party testing to advance its Ultranode™ battery technology.

Phoslock Environmental Technologies prepares for ASX reinstatement with improved sales, factory refurbishment, and ongoing legal mediation.

HITIQ Limited has issued over 9.4 million shares and nearly 4.7 million options under its shortfall offer, raising $206,960 and progressing its ongoing rights issue. The company also clarified a duplicate filing and updated its issued capital structure.