Latest It Services News

Lindsay Australia Limited reported a resilient FY25 with revenue up 5.6% to $849.8 million and underlying EBITDA of $81.4 million, despite margin pressures from competitive pricing and rising costs. The company successfully integrated the SRT acquisition, expanding its national refrigerated logistics network.

Auric Mining has executed a contract to acquire the Burbanks Mill in Western Australia for $4.4 million, marking a strategic step towards operational independence and enhanced value capture.

Lindsay Australia reported a 5.6% revenue increase in FY25, driven by strategic acquisitions and growth in transport and rural sectors, even as margins tightened amid competitive pressures and higher costs.

Lindsay Australia Limited reported a 5.6% revenue increase to A$849.8 million for FY25 but saw net profit after tax fall 36.2% to A$17.39 million. The company declared a fully franked final dividend of 1.5 cents per share and strengthened its national refrigerated logistics footprint through key acquisitions.

Pilbara Minerals has released an updated Mineral Resource Estimate for its Colina Lithium Project in Brazil, consolidating its 100% ownership following the Latin Resources acquisition. The estimate confirms a substantial lithium oxide resource supporting open pit mining prospects.

Perenti Limited has reported record-breaking financial results for FY25, with revenue surpassing $3.49 billion and a 21% increase in dividends. The company also provided optimistic guidance for FY26, underpinned by strong operational performance and a refreshed growth strategy.

Perenti Limited has reported record financial results for FY25, highlighted by revenue growth, improved margins, and a significant reduction in leverage. The company’s robust free cash flow and increased dividends set a solid foundation for future growth.

Black Cat Syndicate has officially commenced underground mining at its Majestic deposit within the Kal East Gold Operation, marking a significant step in its growth strategy. With Macmahon Underground contracted and initial production targets set, the company is poised to boost gold output in the coming years.

Perenti Limited has delivered record financial results for FY25, driven by strong operational performance and strategic contract wins, including its first underground mining contract in the USA. The company also improved its safety record and advanced key sustainability initiatives.

SRJ Technologies has completed a key acquisition of a UAE entity linked to a Middle Eastern National Oil Company, positioning itself for direct contracts with regional energy giants and expanding its asset integrity services across the Middle East.

Reece Limited reported a modest 1% decline in FY25 sales to $9 billion, with earnings pressured by soft housing markets in Australia and the US. Despite operational investments and branch expansions, the company faces a cautious outlook over the next 12-18 months.

Pacific Lime and Cement Limited has approved the Final Investment Decision for its Central Lime Project in Papua New Guinea, adopting a fully equity-funded strategy that slashes upfront capital expenditure by 42% and eliminates debt servicing costs. Construction is underway, with production expected within 18 months.