Technology

• Aura confirmed completion of its all-scrip takeover of Qoria on 17 July 2026, with approximately 92.5% of votes in favour; Qoria delisted on 20 July and the combined group commenced trading under ticker AXQ with a market value near A$3 billion.

• A follow-on US$0.83 million order from North American channel partner Daniels Electronics (a subsidiary of Codan) extends a commercial relationship that began with a US$2.3 million contract in December 2023, with full revenue recognition expected in calendar year 2026.

• June-quarter revenue reached A$14.8 million (up 43% year on year), with a record net transaction margin of A$9.2 million (up 26%) and net profit before tax of A$2.4 million (up 68%), the strongest quarter in the company's history.

• Annualised recurring revenue reached a record A$11.7 million in FY26, up 17% year on year, with churn of just 1.4% and 35% growth in usage revenue.

• FY26 revenue rose 21% to US$18.2 million (approximately A$26.0 million), with underlying EBITDA surging roughly 17-fold to US$3.3 million (A$4.7 million) as PaaS gross margins expanded 600 basis points to 32%.

• Meta terminated PlaySide's outsourced Horizon Worlds development contracts effective 31 July 2026, removing an estimated A$4 million from FY27 revenue and sending the shares down almost 30% to around 16 cents.

• Group EBITDA rose approximately 6% to around A$14 million for the half year to 30 June 2026, despite revenue dipping 3% to about A$32 million, as the mix shift to cloud improves margins.