Group revenue rose 1.2% to A$418.5 million, while normalised EBIT climbed 2.8% to A$76.3 million SYDNEY: GWA Group Ltd. (ASX:GWA), a leading provider of water solutions for residential and commercial markets, posted a modest earnings increase for the fiscal year ended June 30, 2025, as disciplined execution offset broader economic pressures. Group revenue rose 1.2%…
Adrad Holdings posts 8.9% revenue growth despite margin pressure
Company’s pro forma EBITDA fell 2.8% to A$17.7 million SYDNEY: Adrad Holdings Ltd. (ASX: AHL), an Australian manufacturer of industrial heat transfer solutions and automotive aftermarket parts, reported an 8.9% rise in full-year revenue to A$153.1 million, despite a slight dip in earnings amid operational headwinds. The company’s pro forma EBITDA fell 2.8% to A$17.7…
360 Capital REIT swings to profit, eyes growth amid stabilising valuations and leasing wins
Operating profit rose 24.8% to A$5.2 million SYDNEY: 360 Capital REIT (ASX:TOT) reported a statutory profit of A$1.3 million for the fiscal year ended June 30, reversing a A$21.9 million loss in FY24, as stabilising asset values, active leasing and falling finance costs buoyed performance. Operating profit rose 24.8% to A$5.2 million, while operating earnings…
EVT launches Connect Hospitality, acquires Pro-invest Hotels to expand asset-light management portfolio
SYDNEY: EVT Limited (ASX: EVT) has announced the launch of EVT Connect Hospitality, a new third-party hotel brand management model, alongside its acquisition of Pro-invest Hotels, a move aimed at accelerating growth in the asset-light accommodation sector. The acquisition, valued at $74 million with a potential earn-out of up to $30 million, includes 15 long-term…
Simonds Group reports 90% surge in normalised profit amid strategic expansion
MELBOURNE: Simonds Group Ltd. (ASX: SIO) on Monday reported a 90% year-on-year increase in normalised net profit after tax (NPAT) from continuing operations, reaching $5.7 million for the financial year ended June 30, 2025, driven by margin improvements and strategic expansion. The residential construction firm posted $665.6 million in revenue, up slightly from $663.5 million…
Samsung gains ground in U.S. smartphone market as foldables spark consumer buzz
Samsung narrows gap as Apple’s U.S. smartphone market share slips to 49% Samsung is making a bold comeback in the U.S. smartphone market, fueled by a surge in shipments and the launch of cutting-edge foldable devices that are turning heads—and flipping expectations. According to new data from Canalys, Samsung’s market share in the U.S. jumped…
S&P 500 retreats after record high, chip stocks drag
Dow Jones outperforms on UnitedHealth surge NEW YORK: The S&P 500 edged lower on Friday, taking a breather after scaling an all-time peak earlier in the session, as investors cashed in on gains following a robust week. The broad market index was last down about 0.2%. The Nasdaq Composite declined 0.4%. The Dow Jones Industrial…
Aterian Partners with Cambridge AI spin-out to revolutionize mineral exploration in Morocco
LONDON: Aterian plc (LSE: ATN), a critical mineral exploration and development company, has signed a pioneering Memorandum of Understanding with a stealth-stage machine learning start-up spun out from the University of Cambridge. The start-up, backed by the Royal Academy of Engineering and Entrepreneurs First, specializes in advanced computational modeling for mineral exploration. Under the agreement,…
Vaultz Capital appoints Aleksander Nowak as chief operating officer
LONDON: Vaultz Capital plc (AQSE:V3TC), a digital asset operating company, has appointed Aleksander (“Aleks”) Nowak as Chief Operating Officer (COO), effective immediately. The role is non-Board. Nowak will oversee core business functions and drive operational efficiency, aligning the company’s strategic objectives with its daily execution. His appointment comes as Vaultz Capital accelerates its growth trajectory…
Autocycle acquires Entyr’s Stapylton assets for A$450,000 amid administration process
SYDNEY: Autocycle International Pty Ltd has acquired key operational assets of Entyr Limited’s Stapylton tyre recycling facility for A$450,000, administrators said on Friday, as the insolvent company continues its restructuring process. The transaction, completed by Alvarez & Marsal Australia, includes the sale of plant and equipment, assignment of the facility lease, and transfer of environmental…
Articore delivers first positive EBIT in five years amid marketplace consolidation
MELBOURNE: Articore Group Ltd (ASX: ATG), operator of global online marketplaces Redbubble and TeePublic, posted its first positive fourth-quarter EBIT in five years, driven by aggressive cost-cutting and operational consolidation. The company reported a fourth-quarter gross profit margin of 49.7%, up 430 basis points year-on-year, and a 410 basis point improvement in GPAPA margin to…
Active Energy Group signs heads of terms for 150mw battery storage project in Wales
LONDON: Active Energy Group has signed Heads of Terms with Fonmon Castle Ltd to develop a 150-megawatt Battery Energy Storage System (BESS) in the Vale of Glamorgan, marking a strategic advance in the company’s renewable energy ambitions. Under the agreement, Fonmon Castle Ltd will lease approximately 10 acres of land for 30 years to facilitate…