Latest Artificial Intelligence News

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IDP Education Limited reported a 15% revenue decline and a 66% drop in net profit for FY25, driven by sustained policy restrictions across key international student markets. The company is responding with a multi-year transformation program focused on cost reduction and AI-driven innovation.
Victor Sage
Victor Sage
28 Aug 2025
Wesfarmers Limited reported a robust 2025 financial year with a 14.4% increase in net profit after tax to $2.926 billion and declared fully franked dividends of $2.06 per share. The conglomerate also unveiled a proposed $1.50 per share capital management distribution, pending shareholder approval.
Victor Sage
Victor Sage
28 Aug 2025
Enlitic, Inc. reported a sharp revenue increase driven by migration services and subscription growth, while sustaining a net loss of US$6.86 million in H1 2025. The company secured a binding MOU with GE Healthcare and completed a A$10 million capital raise.
Victor Sage
Victor Sage
27 Aug 2025
Global Health Limited reports solid progress towards profitability in FY2025, driven by a 6% increase in subscription revenue and strategic AI integration across its healthcare platforms.
Ada Torres
Ada Torres
27 Aug 2025
Global Health Limited reported a reduced net loss for FY2025, driven by growing subscription revenue and strategic AI integration as it transitions to a SaaS platform.
Sophie Babbage
Sophie Babbage
27 Aug 2025
Mach7 Technologies reported a robust FY25 with 16% revenue growth and a strategic pivot towards customer-centric innovation, underpinned by leadership changes and a strong financial position.
Victor Sage
Victor Sage
27 Aug 2025
XPON Technologies has redeemed $1.575 million of convertible notes, raised $0.375 million through a share placement, and secured a $420k loan facility, signaling renewed investor confidence and a stronger financial footing.
Sophie Babbage
Sophie Babbage
27 Aug 2025
Worley Limited reported a robust FY25 with a 29% rise in statutory NPATA to $475 million and announced a $500 million share buy-back, underpinned by strong bookings and strategic cost management. The company anticipates moderate growth in FY26 despite ongoing geopolitical uncertainties.
Maxwell Dee
Maxwell Dee
27 Aug 2025
ReadyTech Holdings Limited reported a 7.1% increase in revenue to $121.8 million for FY25 but swung to a $16.1 million loss after tax, driven by a significant impairment and strategic investments. The company completed the acquisition of CouncilWise Pty Ltd, aiming to strengthen its local government software offerings.
Sophie Babbage
Sophie Babbage
27 Aug 2025
SiteMinder Limited reported robust FY25 results with a 27.2% constant currency organic ARR increase and a return to positive underlying EBITDA, driven by its innovative Smart Platform and expanding global footprint.
Sophie Babbage
Sophie Babbage
27 Aug 2025
Pioneer Credit has posted a remarkable turnaround in FY25, with EBIT soaring 517% and securing exclusive partnerships with all Big Four banks, setting the stage for sustained growth.
Claire Turing
Claire Turing
27 Aug 2025
Pioneer Credit Limited has reported a significant turnaround in FY25, posting a net profit after tax of $6.7 million compared to a loss of $10 million the previous year, supported by improved operational efficiency and strengthened debt facilities.
Claire Turing
Claire Turing
27 Aug 2025