Latest System Upgrades News

Amplitude Energy has approved development of its East Coast Supply Project, targeting first gas in 2028 and gross production of up to 90 TJ a day. The decision also adds an exploration well to the campaign, lifting FY27 capital expenditure guidance by up to $80 million.

AF Legal Group Ltd reported a 30% surge in revenue to $35.9 million and a 354% increase in profit after tax attributable to owners in FY26, driven by strategic investments in technology and management restructuring.

ClearVue Technologies saw a 35% revenue decline to $161,000 and a $11 million net loss in FY2026, driven by a major operational overhaul and significant product certification efforts. Despite the financial setback, the company expanded into new markets and secured key commercial projects.

Kina Securities lifted its half-year net profit by 4% to PGK 59.7 million, underpinned by a strong capital injection via Papua New Guinea’s inaugural listed corporate bond and a 13% higher interim dividend in local currency.

Supply Network Limited reported a 15.4% rise in FY2026 revenue to $403.7 million and a 19% jump in net profit to $47.6 million, underpinning a 44-cent fully franked final dividend. The company is advancing major branch expansions and IT upgrades to support its $50 million revenue growth target for FY2027.

Adairs Limited delivered 3.8% sales growth in FY26, driven by strong performances at Adairs and Mocka, while Focus on Furniture faced a sharp earnings hit and a $63.5 million goodwill impairment. The group declared a 6.0 cent final dividend amid ongoing strategic transformation.

Ansell Limited (ASX:ANN) reported a robust FY26 with net profit doubling to US$208.6 million, driven by strong sales growth and operational resilience amid geopolitical challenges. The company also announced a leadership change and reaffirmed its sustainability ambitions.

IPH Limited reported a 16.9% jump in net profit to $80.4 million for FY26, driven by strong Canadian growth and operational discipline, alongside a new CEO appointment and its inaugural sustainability report.

Cleanaway has received a $3.13 per share non-binding acquisition proposal from EQT Infrastructure, representing a 32% premium. The board has granted exclusive due diligence and signalled its intention to recommend the deal, subject to conditions and no superior offer emerging.

Philips has officially declared compatibility for Imricor’s interventional MR devices with its magnetic resonance systems, enabling commercial clinical use and collaboration at a leading cardiology congress.

Supply Network Limited has reported a strong preliminary FY2026 with $403.1 million in sales and a 44-cent fully franked final dividend, reflecting solid profit growth despite Middle East disruptions. The company is advancing major branch expansions and IT upgrades to fuel future growth.

Adheris Health’s revenue and profit fell sharply in Q4 FY26 due to the previous challenging pharma budget cycle, but the company achieved cashflow break-even and ended the period with $9.5 million in net cash.