Latest System Upgrades News

The Lottery Corporation has locked in a 40-year extension of its Victorian Public Lottery Licence to 2068, paying a $1.145 billion upfront premium funded by debt and revising its dividend policy to distribute 80-100% of NPATA from FY27.

Metals X reported its fourth highest quarterly tin production at Renison with robust financials despite rising unit costs, while progressing the Rentails project and maintaining a strong cash position.

Australian Agricultural Projects is poised for its 2026 olive harvest with upgraded equipment and has reduced borrowings despite early March flooding. Cash flow remains strong, though a seasonal deficit looms.

InFocus Group Holdings’ subsidiary Prodigy9 has landed a contract to support a major Thai government social security infrastructure project, marking a strategic foothold in Southeast Asia’s IT modernization efforts.

Lindsay Australia Limited reported a robust 24.9% increase in revenue for the half-year ending December 2025, driven by its strategic acquisition of SRT Logistics and strong divisional performances. However, profit after tax declined 11.7%, reflecting competitive pricing and integration expenses.

The Environmental Group Limited reported a robust first half of FY26 with revenue rising 8.6% to $58.9 million and underlying EBITDA jumping 25.9%, driven by strong performances in its Energy and Waste divisions alongside strategic operational upgrades.

Ansell Limited reported a robust 61.5% surge in net profit for the first half of FY26, driven by operational efficiencies and strategic acquisitions, while announcing a planned CEO transition.

Earlypay Limited has withdrawn its FY26 earnings guidance due to increased costs and credit losses, signaling a cautious outlook despite solid growth in new business.

Verbrec Limited has announced over $20 million in new contracts spanning biogas engineering, cyber security, pipeline maintenance, mining technology, and water security, reinforcing its leadership in energy transition and sustainable mining sectors.

McPherson’s Limited has unveiled a sweeping two-year transformation, streamlining its brand portfolio and adopting a scalable third-party logistics model to drive growth and improve financial stability.

Pacgold has finalized its acquisition of the White Dam Gold Operation in South Australia, setting the stage for a near-term production restart with modest capital investment. The move complements its Queensland projects and offers a clear path to cash flow.

Haranga Resources has commenced underground diamond drilling at its Lincoln Gold Project in California, aiming to convert a historical resource to JORC compliance and explore new high-grade gold zones.