Top Australia Business and Tech News
Today's top business and technology news in Australia highlights significant developments across industries and innovation sectors.
In business, SHAPE Australia Corporation is drawing attention as a promising ASX small-cap stock with a strong growth trajectory in diversified construction and modular builds. Its FY25 financial results showed robust revenue growth of 14%, a 32% increase in net profit after tax, and a $4 billion project pipeline. This shift from traditional office fit-outs to sectors like defence, education, and healthcare has positioned SHAPE for deeper client engagement and recurring revenue opportunities. Investors have responded positively, with SHAPE's share price rising nearly 70% over the past year.
Macquarie has also forecasted notable upside potential in the Australian contracting and professional services sector, anticipating double-digit returns from firms like Downer EDI, MAAS Group, Worley Limited, and Service Stream. These predictions are underpinned by strong iron ore activity, renewables demand, and potential contract wins in defence and power transmission—key near-term catalysts.
On the technology front, Stripe announced the upcoming launch of Stripe Capital in Australia, a business financing product aimed at small and medium-sized enterprises (SMBs). This service leverages Stripe's payment data to provide quick, flexible funding, which is expected to support SMB growth amid rising costs. The announcement coincides with the company's milestone of serving over one million users in Australia and New Zealand and highlights notable AI and stablecoin adoption by Australian businesses.
Additionally, Australian tech companies are advancing in AI-driven solutions and cybersecurity. The ransomware threat has increased sharply, particularly in manufacturing, healthcare, and government sectors, mirroring a global surge. This underscores the need for enhanced cybersecurity measures and innovations in identity and workload security.
Overall, Australia's business and tech landscapes show strong growth prospects, strategic sector shifts, and a rapid embrace of cutting-edge financial technologies and AI innovations.