Technology stocks remain firmly on investors’ radar as companies across software, digital infrastructure and technology-enabled services pursue new growth opportunities. The latest developments from Energy One (ASX:EOL) and COSOL (ASX:COS) highlight two different approaches to creating Shareholder value, with strategic expansion and international growth on one side and cost discipline, contract wins and improving profitability on the other. These developments offer investors a closer look at how Australian technology companies are positioning themselves for the next phase of digital transformation.

Energy One Limited (ASX:EOL)

Energy One has announced its largest Acquisition in company history, agreeing to acquire Gas Management Services Limited (GMSL) for an implied A$99.8 million enterprise value. This strategic move significantly expands Energy One's European energy software and services platform, addressing a major growth opportunity in the UK market.

Transaction Highlights:

• GMSL Enterprise Value: A$99.8 million • All-scrip transaction based on 15-day VWAP of $14.08 • Expected Accretion: ~35% to FY26A pro forma EPS (pre-synergies) • Seller Stake: Fluxys UK to hold ~18.26% post-completion • Strategic Rationale: European energy market digitalization • Synergy Potential: Identified benefits not yet quantified

This acquisition positions Energy One to Capitalize on European energy market digitalization trends, strengthening its competitive position in the global energy software sector. The all-scrip structure preserves cash while the ~35% EPS accretion provides immediate shareholder value. European exposure also provides geographic Diversification for this growth-oriented software company.

COSOL Limited (ASX:COS)

COSOL has successfully navigated a challenging FY26, executing a strategic cost reset while maintaining its market position in technology-enabled asset management and digital consulting. The standout achievement was the dramatic profitability improvement in the second half of the year.

Financial Performance:

• FY26 Revenue: $98.6 million (-15.6% YoY) • Full-Year Underlying EBITDA: $9.7 million • H2 Underlying EBITDA: $6.3 million (vs H1: $3.4 million) • Statutory Net Loss: $4.02 million (includes $6.5M Goodwill impairment) • Operating Margin Recovery: H2 momentum evident • Cash Position: Strengthened by cost reductions

Recent Contract Wins:

• $12.8 million five-year Australian rail contract • Multi-year contract with CDPQ Infra's REM network in Montreal • New contracts supporting FY27 growth expectations

Operating margins improved significantly as the company rationalized its cost base, positioning it favorably for FY27 growth. With these new contracts secured and operating costs under control, COSOL appears well-positioned for a recovery phase following its FY26 restructuring.