Technology

The raising came alongside a September quarter update showing lower revenue but a smaller operating cash outflow.

TZ designs and sells smart access and security products, including SmartCabinets, SmartLockers and the KeyVision property technology platform, with customers spanning data centres, retail click-and-collect networks and residential buildings.

The Melbourne-based group designs medical, defence and industrial technology for clients through Hydrix Services, distributes cardiac monitoring technology through Hydrix Medical, and is building a defence technology business through Hydrix Defence, established in May 2026.

The deal arrived alongside a board refresh and a tight cash position heading into the annual general meeting.

The moves come as WhiteHawk operates on a leaner cost base, supported by a newDebtFacilityand a pipeline it is working to convert during the December quarter.

The company now heads into itsAnnual General Meetingwith a refreshed board, a three-pillar strategy and a pipeline of work carried into FY27.

Total FY26 revenue declined 15% to A$18.4 million. Licence sales fell to A$12.6 million from A$16.4 million, maintenance fees were steady at A$4.3 million and consulting sales rose to A$1.5 million. Contracted annualRecurring Revenuefell by A$2.3 million, as about A$3.3 million of net churn …