📊 A$467M raised across 12 deals | 5 sectors | Market sentiment: Mixed | Guidance changes: Mixed
Profit Guidance Updates
Vulcan Steel Limited (VSL)
Results Update
EBITDA NZ$106-109M, NPAT NZ$14-16M
Market Cap: $797M -2.58% ●
EBITDA NZ$106-109M, NPAT NZ$14-16M
Market Cap: $797M -2.58% ●
FY25 Guidance: EBITDA NZ$106-109M, NPAT NZ$14-16M
Previous Period: Not stated
Context: Economic challenges in NZ/Australia
Previous Period: Not stated
Context: Economic challenges in NZ/Australia
Key Drivers: "Despite this decline, there are encouraging signs that the downward trend is beginning to level out. In the last three months, our overall daily sales activity has shown signs of stabilisation"
Standout Metric: Net debt reduced to NZ$232M from NZ$276M
Chrysos Corporation (C79)
Guidance Upgrade
Revenue $80-90M, EBITDA $20-27M
Market Cap: $637M +6.61% ●
Revenue $80-90M, EBITDA $20-27M
Market Cap: $637M +6.61% ●
FY26 Guidance: Revenue $80-90M, EBITDA $20-27M
Previous Period: FY25 Revenue $66.1M, EBITDA $16.1M
Growth: +$14M Revenue (+21%), +$11M EBITDA (+68%)
Previous Period: FY25 Revenue $66.1M, EBITDA $16.1M
Growth: +$14M Revenue (+21%), +$11M EBITDA (+68%)
Key Drivers: "FY25 marked an excellent year for Chrysos. We achieved our original Revenue and EBITDA guidance and saw our EBITDA margin improve to 24% compared to 20% in FY24"
Standout Metric: 11 PhotonAssay units deployed in FY25, Master Services Agreement with Newmont
LGI Limited (LGI)
Results Achieved
$17.4M EBITDA
Market Cap: $319M +0.56% ●
$17.4M EBITDA
Market Cap: $319M +0.56% ●
FY25 Result: $17.4M EBITDA
Previous Period: Up 14% vs prior year
Performance: New high-water marks across all operational metrics
Previous Period: Up 14% vs prior year
Performance: New high-water marks across all operational metrics
Key Drivers: "By all measures, FY25 has been a solid year. Operationally, all key metrics have improved for LGI from biogas recovery, megawatt hours of electricity and generated ACCUs"
Standout Metric: 43% increase in electricity generating capacity, 12MW/24MWh battery project with NSW Government
VEEM Limited (VEE)
Preliminary Results
EBITDA $8.5-9.5M, NPAT $2.75-2.85M
Market Cap: $135M 0.0% ●
EBITDA $8.5-9.5M, NPAT $2.75-2.85M
Market Cap: $135M 0.0% ●
FY25 Guidance: EBITDA $8.5-9.5M, NPAT $2.75-2.85M
Previous Period: Not provided
Outlook: Stronger second half performance
Previous Period: Not provided
Outlook: Stronger second half performance
Key Drivers: "2HFY25 has been an improvement on 1HFY25 both in terms of revenue and profitability and we plan to build upon this foundation into FY26"
Standout Metric: Six-year $65M Collins Class submarine contract renewal
Brisbane Broncos Limited (BBL)
Results Achieved
Net Profit $8.69M
Market Cap: $100M 0.0% ●
Net Profit $8.69M
Market Cap: $100M 0.0% ●
Half-Year Result: Net Profit $8.69M (achieved)
Previous Period: $6.30M in 2024
Growth: +$2.39M (+38%)
Previous Period: $6.30M in 2024
Growth: +$2.39M (+38%)
Key Drivers: Additional NRL home game, increased membership and corporate sales
Standout Metric: Received $1.75M for PNG NRL team partnership
Major Capital Raisings
Tuas Limited (TUA)
Placement + SPP
A$385M
Market Cap: $2.58B -1.08% ●
A$385M
Market Cap: $2.58B -1.08% ●
Raise Type: Placement + SPP
Issue Price: $5.51 per share
Premium/Discount: No discount to last close
Issue Price: $5.51 per share
Premium/Discount: No discount to last close
Use of Funds: Acquisition of M1 telecommunications business
Standout Metric: No discount placement (premium pricing at par)
Energy Transition Minerals (ETM)
Placement + SPP
$10M
Market Cap: $142.7M -9.57% ●
$10M
Market Cap: $142.7M -9.57% ●
Raise Type: Placement + SPP
Issue Price: $0.042 per share
Key Terms: Strategic investment with board representation
Issue Price: $0.042 per share
Key Terms: Strategic investment with board representation
Use of Funds: General working capital for exploration projects
Standout Metric: Strategic investment included board representation (Amy Jiang appointed)
AdNeo Limited (AD1)
Placement
$5.5M
Market Cap: $7.03M -2.04% ●
$5.5M
Market Cap: $7.03M -2.04% ●
Raise Type: Placement
Issue Price: $0.045 per share
Key Terms: 99.6% shareholder approval for acquisition
Issue Price: $0.045 per share
Key Terms: 99.6% shareholder approval for acquisition
Use of Funds: Acquisition of Learnt Global Group
Standout Metric: 99.6% shareholder approval for acquisition
Strategic Investments & Smaller Rounds
Carnegie Clean Energy (CCE)
SPP
$3M Target
Market Cap: $24.17M -1.49% ●
$3M Target
Market Cap: $24.17M -1.49% ●
Raise Type: SPP
Issue Price: $0.057 per share
Premium/Discount: 20% discount to market
Issue Price: $0.057 per share
Premium/Discount: 20% discount to market
Use of Funds: 6 MW CETO project at BiMEP (Spain), business development
Standout Metric: 20% discount to market price (5-day VWAP)
Eden Innovations (EDE)
Entitlement Offer
$5.7M Target
Market Cap: $9.45M +31.43% ●
$5.7M Target
Market Cap: $9.45M +31.43% ●
Raise Type: Entitlement Offer
Issue Price: $0.035 per share
Key Terms: 1-for-2 basis + free options
Issue Price: $0.035 per share
Key Terms: 1-for-2 basis + free options
Use of Funds: Commercialization of EdenCrete® products and OptiBlend™ system
Standout Metric: Significant price surge (+31.43%) following announcement
Helix Resources (HLX)
Entitlement Offer
$1.68M Target
Market Cap: $6.73M 0.0% ●
$1.68M Target
Market Cap: $6.73M 0.0% ●
Raise Type: Entitlement Offer
Issue Price: $0.001 per share
Premium/Discount: 50% discount to market
Issue Price: $0.001 per share
Premium/Discount: 50% discount to market
Use of Funds: Drilling of White Hills copper-gold project
Standout Metric: 50% discount to market price
PlaySide Studios (PLY)
SPP Extension
N/A
Market Cap: $90.79M +5.13% ●
N/A
Market Cap: $90.79M +5.13% ●
Raise Type: SPP Extension
Details: Closing date extended to September 2, 2025
Purpose: Allow shareholders to review FY25 results
Details: Closing date extended to September 2, 2025
Purpose: Allow shareholders to review FY25 results
Key Context: Extension to align with FY25 annual results release
Standout Metric: Positive market reaction (+5.13%) to extension
Prescient Therapeutics (PTX)
Placement
$2.5M Raised
Market Cap: $42.99M +4.76% ●
$2.5M Raised
Market Cap: $42.99M +4.76% ●
Raise Type: Placement
Amount: ~$2.5M (first tranche)
Issue Price: $0.04 per share
Amount: ~$2.5M (first tranche)
Issue Price: $0.04 per share
Use of Funds: Clinical development of TRP-8803
Standout Metric: Strong positive price reaction (+4.76%) with high volume
Thanks for reading Capital Signal
