Latest Professional Services News

Bank of Queensland (ASX: BOQ) has announced a strategic capital partnership with Challenger Limited (ASX: CGF), involving a $3.7 billion whole-of-loan sale and a forward flow arrangement for equipment finance assets. The deal aims to optimise BOQ’s funding base, support SME equipment finance growth, and enable capital returns to shareholders.

Etherstack’s Australian subsidiary Auria Wireless has landed a multi-year contract with the Department of Home Affairs, valued at around A$9 million initially and potentially rising to A$15 million with extensions.

Etherstack plc has secured a significant revenue uplift from a scope change in its primary UK government project, adding £1.53 million to its future earnings forecast for FY27.

Mach7 Technologies reported a 23% drop in revenue to $13.65 million for H1 FY26, alongside a sharp increase in net loss to $5.75 million, as it embarks on a strategic commercial reset and expands its Asia-based engineering capabilities.

Change Financial has reported a strong first half for FY26 with record revenue growth and its first-ever half-year profit, underpinned by expanding recurring revenues and operational efficiencies.

PeopleIN Limited has appointed co-founder Tom Reardon as its new CEO and Managing Director, signaling continuity in leadership as the company reports a robust unaudited EBITDA of $16.1 million.

Bravura Solutions reported a solid 9.8% increase in underlying revenue for the half-year ending December 2025, despite the absence of prior non-recurring licence sale income. The company also announced a new CEO appointment and declared both interim and special dividends.

Kelly Partners Group Holdings Limited reported a 17% rise in revenue for the half-year to December 2025, while statutory profit fell 15.5% due to acquisition costs and higher amortisation. Underlying earnings showed solid growth, reflecting the firm's core business strength.

Change Financial has reported a robust first half of FY26, with revenue and EBITDA surpassing expectations, prompting an upgraded full-year guidance and signalling a key milestone in cash flow positivity.

PeopleIN Limited has announced the sale of its Health and Community brands to Healthcare Australia for $20.25 million, unlocking capital to fuel growth in infrastructure, defence, and agriculture sectors.

Lycopodium Limited has addressed ASX concerns over delayed director interest disclosures, attributing the lapse to an administrative oversight while reaffirming its compliance policies.

PeopleIN Group reported a challenging FY25 with revenue down 6.5% and EBITDA down 10%, yet strengthened its balance sheet through debt reduction and a strategic sale. The company is poised to capitalise on Queensland's infrastructure boom and Defence sector opportunities.