Latest Security News

Pentanet Limited reports its first EBITDA positive quarter in FY25 Q2, driven by a successful 5G coverage expansion and strong growth in its NVIDIA Cloud gaming platform. The company is on track to double its 5G footprint this year, underpinning future profitability and market competitiveness.

Pentanet Ltd reported a positive cash flow from operations of $860,000 for the December 2024 quarter, maintaining a healthy cash balance of $2.22 million despite significant capital expenditures including a $1.6 million payment for a 5G spectrum license.

Pentanet has reached a key financial milestone by turning EBITDA positive in H1 FY25, driven by strong 5G subscriber growth and cloud gaming revenue expansion. The company is on track to double its 5G network coverage this year, underpinning future growth.

Amplitude Energy has reported a record quarterly sales revenue of $67.9 million for Q2 FY25, alongside a 9% reduction in net debt, driven by strong spot gas sales and operational improvements at the Orbost Gas Processing Plant. The company continues to advance its East Coast Supply Project, positioning itself for future growth.

Pacific Edge reports stable test volumes in Q3 FY25 despite Medicare reimbursement uncertainties and seasonal slowdowns, while gearing up for legal action against a flawed Medicare coverage decision.

Regal Partners Limited reported a 4.6% rise in funds under management to $18 billion in Q4 2024, driven by record net inflows and acquisitions. The company’s diversified strategies and recent deals underpin a 64% annual FUM growth.

Vinyl Group Ltd has successfully closed its retail entitlement offer, raising $7.65 million to complete the acquisition of Concrete Playground Pty Ltd and strengthen its cash reserves. The offer garnered strong support from shareholders, underscoring confidence in the company’s strategic direction.

Vertex Minerals has commenced commissioning at its Reward Gold Mine, processing the first ore through a newly installed gravity gold plant. The company anticipates first commercial gold sales by February, marking a significant milestone in its high-tech, environmentally conscious mining strategy.

Zeus Resources has successfully placed the shortfall in its Priority Options Offer, bringing total funds raised to nearly $200,000. The move reflects solid shareholder backing ahead of the company’s next growth phase.

Latin Resources Limited has secured Supreme Court approval for its acquisition by Pilbara Minerals, setting the stage for a significant consolidation in the Australian mining sector.

Vinyl Group has successfully raised $7.65 million through a fully underwritten retail entitlement offer, reinforcing shareholder confidence and funding a key acquisition to bolster its music ecosystem portfolio.

KGL Resources announces the resignation of CEO Phillip Condon, with Chairman Jeff Gerard stepping in as Executive Chairman during the search for a new leader. The company remains focused on advancing the Jervois Copper Project’s feasibility and independent technical reviews.