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April 29 2026 – The Federal Reserve is going to keep US interest rates unchanged today—and in doing so, will confirm how little control it currently has over the forces shaping the global economy, affirms the CEO of one of the world's largest independent financial advisory organisations.

The analysis from deVere Group's Nigel Green comes ahead of the central bank's latest policy decision, with markets assigning a probability above 90% to a hold, even as inflation remains above target and external pressures intensify.

He says: “The Federal Reserve is expected to hold, but the reason matters. This isn't a confident pause, it's a constrained one.

“Oil above $110, geopolitical risk building, and inflation still running hot mean policymakers don't have the freedom markets would like to believe.”

Brent crude is trading around $111 a barrel, after briefly pushing toward $120. Energy prices at these levels are feeding directly into inflation expectations, complicating any path toward rate cuts.

At the same time, global oil demand remains near record levels at more than 102 million barrels per day. Supply risks tied to tensions involving Iran and potential disruption through the Strait of Hormuz, which handles roughly 20% of global oil flows, are keeping markets tightly balanced.

Nigel Green continues: “Energy is driving the inflation story again. Central banks can't drill for oil and they can't reopen shipping lanes. As such, one of the biggest inputs into inflation is outside their control, and that's a serious problem.”

The Federal Reserve's benchmark rate, currently in the 3.50%–3.75% range, remains firmly restrictive. Borrowing costs across the economy are still elevated, with US 30-year mortgage rates near 6.5% and corporate financing conditions significantly tighter than in the pre-tightening cycle.

“Keeping rates at these levels continues to squeeze growth,” notes the deVere CEO.

 “Businesses are delaying investment, consumers are feeling the pressure, and credit conditions remain tight. Holding doesn't ease that, it prolongs it.”

Markets are expected to take the decision in stride, with the focus shifting rapidly to forward guidance. Current pricing still suggests the possibility of cuts later in 2026, but that outlook is increasingly sensitive to inflation dynamics, particularly energy.

Nigel Green adds: “If oil stays above $100, the timeline for rate cuts stretches. If it moves back toward $120, the conversation changes completely.

“Markets are still pricing in easing, but that assumption is becoming harder to justify.”

Currency markets reflect this tension. The US dollar remains supported by yield differentials and relative economic resilience, while equity markets face a more uneven outlook as higher input costs and sustained borrowing pressures weigh on earnings expectations.

“Investors looking for a clear signal are unlikely to get one.

“The Fed is in a holding pattern, but the risks around it are still moving and, in some cases, accelerating.”

The deVere chief executive concludes: “Of course, the US central bank remains important, but it's no longer in full control of the narrative.

“Oil, geopolitics, and supply constraints are driving inflation from the outside.

“This means more volatility, more uncertainty, and a more complicated path for markets in the months ahead.”

deVere Group is one of the world's largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of offices around the world, more than 80,000 clients, and $14bn under advisement.

The Secretary of CGIL, Italy's main trade union, Maurizio Landini, and the President of Confindustria, Emanuele Orsini, discuss the future of Italian industry.

On 23 April, the National Assembly of delegates from CGIL's industrial sectors—Italy's leading trade union—took place in Rome, focusing on the future of the country's production system amid an economic slowdown, ongoing industrial transitions and rising international tensions.

The central moment was the discussion between Maurizio Landini, General Secretary of CGIL, and the President of Confindustria, Emanuele Orsini, representing Italy's leading association of manufacturing and service companies. The debate highlighted a shared assessment of the critical nature of the current context, though with differing emphases on the solutions.

Energy has once again emerged as the most pressing issue for the industrial system.Costs in Italy remain above the European average, directly impacting the competitiveness of manufacturing companies—particularly in energy-intensive sectors. Both sides underscored the urgency of structural measures that can no longer be delayed.

At the macroeconomic and European level, Maurizio Landini identified the suspension of the Stability Pact as a priority, arguing for the need to free up resources for public investment in industry, innovation and employment. This position forms part of a broader critique of the lack of a coherent national industrial policy, seen as one of the factors weakening Italy's production system.

The discussion also addressed the role of the European Union, which — according to the debate — must strengthen common instruments to support industrial transition, starting with energy, technologies and strategic supply chains, in a context of increasingly intense global competition.

A further point raised by Maurizio Landini and Emanuele Orsini concerns the need for Europe to move towards the creation of new common debt, which currently remains lower than that of the United States. The strength of the euro against the dollar, in fact, places European companies at a disadvantage, to an even greater extent than tariffs.

The debate also touched on the role of Chinese industry and what was described as unfair competition towards European companies. Here too, Europe is called upon to act in order to safeguard the Continent's productive capacity.

Another key issue was investment. Italy's ability to attract capital and strengthen its production chains was identified as essential to preventing a gradual industrial decline. In this context, the need for closer coordination between national and European policies clearly emerged.

The discussion outlined a scenario of significant concern regarding the trajectory of the Italian economy, with the risk — highlighted during the debate — of a period of stagnation if adequate public and industrial measures are not implemented swiftly.

New hensec system helps airports protect aircraft against jamming and spoofing

Karlsruhe/Tegernsee – GNSS jamming and spoofing – the deliberate disruption or manipulation of satellite navigation signals – has become a serious and growing threat, particularly in civil aviation. Pilots are increasingly confronted mid-flight with unreliable GPS-based navigation systems and are often forced to take alternative measures at short notice.

As presented at AERO Friedrichshafen 2026, security specialist hensec has developed AGNOST-A, an innovative early-warning system for GNSS jamming and spoofing. The solution alerts pilots while still en route, before reaching their destination airport, if GNSS signal interference is detected in the target area.

Detected disruptions are evaluated and analysed in real time. Only when a critical threshold is exceeded is an automatic warning notice for air traffic (NOTAM) generated and transmitted via a dedicated data link channel (UAT978) across the affected region.

Aircraft equipped with compatible receiving technology can display the warning directly in the cockpit. This enables pilots to assess GNSS signal reliability in the destination area well before landing.

According to hensec, the complete electronics system is housed in a weatherproof outdoor control cabinet, allowing straightforward installation at airports and airfields. The company describes the solution as a world first.

About hensec secure solutions

hensec specialises in 360-degree security solutions for industry, business and public authorities. Guided by the principle that a chain is only as strong as its weakest link, the company focuses on integrated security concepts that combine physical security and cybersecurity in equal measure.

To achieve this, hensec relies on highly qualified specialists and state-of-the-art security technologies. The company is active across a broad range of security disciplines, including counter-surveillance, counter-drone defence, Industry 4.0, information security, critical infrastructure protection, open-source intelligence, OT security, perimeter protection, social engineering and video surveillance.

hensec reviews existing security concepts, carries out risk assessments, delivers staff qualification programmes, and develops and implements new security solutions tailored to today's threat landscape – particularly in relation to hybrid attack scenarios.

Monash Institute of Railway Technology (IRT) researchers have been recognised at the 15th Annual Heavy Haul Rail Conference with 2026 Australian Heavy Haul Rail Awards.

Monash IRT Director, Professor Ravi Ravitharan, was awarded the prestigious Lifetime Achievement Award recognising his visionary leadership and dedication, which has contributed to shaping the railway industry in Australia and overseas.

During his career spanning over 35 years, Professor Ravitharan has been a driving force behind ground-breaking research, innovation and policy development in modernised railways, setting benchmarks for excellence through technical advancements, influencing national strategies, and fostering collaborations between academia, industry and government. He has also championed workforce development, diversity and the next generation of railway professionals.

Deputy Vice-Chancellor (Research and Enterprise) and Senior Vice-President at Monash University, Professor Robyn Ward AM, said the awards highlight the talent and impact of Monash researchers.

“Through its world-leading research and strong industry partnerships, Monash’s Institute of Railway Technology is advancing safer, more efficient and more sustainable freight and passenger rail networks that underpin our economy and connectivity, while helping shape more reliable and resilient rail systems globally,” Professor Ward said.

“Congratulations to Professor Ravi Ravitharan on this Lifetime Achievement Award, recognising his significant contribution and influence in the heavy rail haul sector and beyond. I also congratulate Dr Siva Naidoo, named Emerging Leader of the Year, for his technical excellence and innovative approach to complex rail challenges.”

Dr Siva Naidoo, Team Leader of Instrumentation and Monitoring Systems at Monash IRT, was awarded the Emerging Leader of the Year Award for his exceptional leadership qualities, technical excellence, and innovative thinking in addressing complex heavy haul rail challenges.

Dean of the Faculty of Engineering, Professor Yiannis Ventikos, said the conferring of the awards highlight the strength of Monash IRT’s leadership team, and its depth in further advancing its global position in railway research and innovation.

“Australian heavy haul railways are the global benchmark for heavy haul operations. Receiving these Australian Heavy Haul Awards highlights the scale of Monash IRT’s contribution to the railway industry,” Professor Ventikos said.

“Through sustained strategic research leadership, extensive railway subject matter expertise, and long-standing industry partnerships, Monash IRT is helping Australian heavy haul railways to enhance the resilience of their critical rail infrastructure and improve their performance and safety.”

Professor Ravitharan said receiving recognition through the Awards reflected Monash IRT’s focus on delivering practical, high-impact research outcomes to its industry partners and stakeholders.

“The Institute’s translational research success is due to the collective effort of Monash IRT’s researchers and its industry partners. Heavy haul rail is critical to Australia’s economy, and advancing its safety, efficiency and sustainability requires deep collaboration between researchers and industry partners,” Professor Ravitharan said.

Monash IRT researchers Darren Tan, Data Scientist, and Sushanti Prasad Oli, Research Engineer, were also awarded Next Generation Conference Scholarships to attend the 15th Annual Heavy Haul Rail Conference, Driving the Next Era of Heavy Haul Rail. The scholarships recognise emerging talent, and support the development of the next generation of rail engineers and researchers.

About Monash Institute of Railway Technology (IRT)

Since 2000, Monash IRT has collaborated with over 170 railway organisations worldwide on more than 700 projects.

As Australia’s premier track and vehicle research centre, the Institute is internationally recognised for its expertise in railway research. Its team of experienced specialists and Rail Research Associates delivers whole-of-industry solutions, pioneering technologies such as Instrumented Revenue Vehicle systems, vehicle-track interaction research, and advanced virtual vehicle modelling to support safer, more efficient rail operations.

Monash IRT also supports federal and state government initiatives including the National Rail Action Plan, the National Rail Manufacturing Plan and the High Speed Rail initiative.

April 28 2026 – Global markets remain fixated on disruption in the Strait of Hormuz. That focus is understandable, but it risks missing a more consequential vulnerability now coming into view, warns Nigel Green, CEO of financial advisory giant deVere Group.

What he describes as the “Malacca Premium” is now capturing the rising cost of insuring, shipping, and moving energy through one of the world's most critical trade corridors.

The Strait of Malacca, a narrow waterway between Indonesia and Malaysia that channels trade past Singapore, handles over a fifth of global maritime commerce and ranks as the world's busiest chokepoint.

“The Malacca Premium is coming at us in real time. Markets are under-pricing how quickly disruption in one chokepoint can ripple through the entire system,” comments Nigel Green.

In the first half of 2025 alone, over 23 million barrels of oil per day passed through the route, supplying China, Japan, and South Korea. The volume leaves little room for disruption without global consequences.

Concern has intensified because of how quickly the narrative around Malacca changed. In the wake of disruption in Hormuz, a senior Indonesian official briefly raised the possibility of introducing transit tolls for vessels using the strait before the idea was swiftly withdrawn and regional governments reaffirmed that passage would remain open and free.

The signal, however, has already shifted market thinking.

“The fact that tolls were even mentioned tells you everything about how the risk profile is changing,” says the deVere CEO.

“This is no longer just about physical disruption. It's about political leverage and how quickly assumptions can be challenged.

“The strait operates under international rules guaranteeing transit passage, yet markets are now confronting a more uncomfortable reality: legal protections do not eliminate geopolitical risk.”

Global trade remains heavily concentrated through a handful of narrow corridors. The assumption of uninterrupted flow through these arteries has underpinned decades of efficiency gains.

“The assumption is now under strain—and the intensifying Malacca Premium reflects the cost.”

Shipping insurance, freight rates, and energy pricing are already responding to rising sensitivity. Even minor disruptions or policy signals can ripple quickly through supply chains given the density of traffic moving through the corridor.

“The market has spent years optimising for efficiency,” Nigel Green says.

“What it hasn't done is price fragility properly. The Malacca Premium is that repricing—and it's unlikely to be gradual if conditions deteriorate.”

The implications for investors are immediate. “Exposure to seamless, low-cost global logistics is becoming more fragile, while businesses with flexibility, pricing power and alternative routing capability are better positioned as risk is repriced.”

Disruption does not need to materialise at scale to move markets. The anticipation alone—through insurance costs, freight rates and energy volatility—is enough to reshape returns.

China's long-standing concern over reliance on the Malacca Strait, often referred to as the “Malacca Dilemma”, adds further weight.

As the world's largest oil importer, its exposure amplifies the global consequences of any instability in the corridor.

Nigel Green concludes: “Investors need to understand the speed at which this risk can escalate.

“The Malacca Premium is taking shape now. If this corridor comes under sustained pressure, the impact on global trade, energy markets and asset prices could be immediate and significant.

“I suspect that the Malacca Premium, which is taking shape now, is likely to become a defining force in global trade and markets.”

deVere Group is one of the world's largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of offices around the world, more than 80,000 clients, and $14bn under advisement.

Jerusalem, 28 April 2026 – Israeli authorities have used access to water as a weapon against Palestinians, systematically depriving people in Gaza of water in a campaign of collective punishment, according to a report released by Médecins Sans Frontières/Doctors Without Borders (MSF). MSF urges the Israeli authorities to immediately restore water for people at the required levels in Gaza. Israel’s allies must use their leverage to pressure Israel to stop impeding humanitarian access, including water infrastructure needs.

The deliberate denial of water from Palestinians is an integral part of Israel’s genocide. MSF’s report, Water as a Weapon: Israel’s Destruction and Deprivation of Water and Sanitation in Gaza , documents how the Israeli authorities’ repeated weaponisation of water are not isolated acts, but part of a recurrent, systematic and cumulative pattern. It is occurring alongside the direct killing of civilians, the devastation of health facilities, and the flattening of homes forcing mass displacement. Together, they constitute a deliberate infliction of destructive and inhumane conditions on Palestinians in Gaza.

“Israeli authorities know that without water life ends, yet they have deliberately and systematically obliterated water infrastructure in Gaza, whilst consistently blocking water-related supplies from entering,” says Claire San Filippo, MSF emergency manager. “Palestinians have been injured and killed simply trying to access water,” says San Filippo. “This deprivation, combined with dire living conditions, extreme overcrowding, and a collapsed health system, create a perfect storm for the spread of diseases.”

Israel has destroyed or damaged nearly 90 per cent of water and sanitation infrastructure in Gaza, including desalination plants, boreholes, pipelines, and sewage systems. MSF teams have documented the Israeli military shooting at clearly identified water trucks, or destroying boreholes that were a lifeline for tens of thousands of people. Violent incidents have often occurred as water was being distributed to people, injuring Palestinians and aid workers, and damaging equipment.

“My grandson was in Nuseirat, in July [2025]. He went to get some drinking water,” says Hanan, a Palestinian woman in Gaza City. “He was standing in line with other kids, and they [the Israeli forces] killed him. He was 10 years old… Getting water is not supposed to be dangerous.”

The cumulative effect of the water scarcity engineered by Israeli authorities is that it simply is not possible to provide people with sufficient water. After the local authorities, MSF is the largest producer and a main distributor of drinking water in Gaza, yet between May and November 2025, one in every five of our water distributions ran dry as our trucks were unable to carry sufficient water for all the people who required it. Israeli military displacement orders have locked our teams out of areas where we had provided water to hundreds of thousands of people, leading to essential services stopping and the loss of lifesaving infrastructure.

Israeli authorities have hindered the entry of essential water and sanitation materials into Gaza. Since October 2023, electricity, fuel, and supplies like generators, their spare parts, and engine oil – critical to power water treatment and distribution – have been cut or tightly restricted. One-third of our requests to bring in critical water and sanitation supplies have been rejected or left unanswered. These supplies include water desalination units, pumps, chlorine and other chemicals to treat water, water tanks, insect repellent, and latrines. Many of the items that were approved by the Israeli authorities, were then subsequently turned away at the border.

“We need water,” says Ali, a Palestinian displaced and living in a camp in Deir Al-Balah. “It does not make sense. It’s like we are asking the world for the essentials of life.”

The consequences of this deprivation of access to water are far-reaching on people’s health, hygiene, and dignity, particularly for women and people with disabilities. Access to basic hygiene, including clean water, soap, diapers, and menstrual hygiene products, has become extremely difficult. People are forced to dig holes in the sand as toilets, which flood and contaminate the surroundings and groundwater with faeces.

The lack of access to water and hygiene, coupled with life in dire and undignified conditions like overcrowded tents and makeshift shelters, also leads to increases in diseases, including respiratory infections, skin diseases, and diarrhoeal diseases. Skin diseases comprised nearly 18 per cent of MSF general healthcare consultations in 2025, while between May and August 2025, we found that nearly 25 per cent of people had experienced gastrointestinal illness in the previous month.

Note on MSF’s activities:

MSF is the largest producer of drinking water in the Gaza Strip after local authorities. In March 2026, through gradual improvements despite the extremely restricted conditions, MSF produced or distributed over 5.3 million litres of water in Gaza each day, the equivalent of the minimum needs of over 407,000 people – one in five inhabitants of the Strip. During the month of March, MSF distributed over 100 million litres: that is 1,507 km of 20-litre jerrycans lined up, the equivalent of stretching from Riyadh to Amman, or London to Rome.

MSF is an international, medical, humanitarian organisation that delivers medical care to people in need, regardless of their origin, religion, or political affiliation.  MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. Every year more than 120 Australians and New Zealanders go on assignment with Médecins Sans Frontières  working as: doctors, midwives, psychologists, laboratory technicians, human resource/finance coordinators, pharmacists, mental health specialists and logisticians. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au  

April 24 2026 – The Bank of England is missing the bigger picture when it says global stock markets are set to fall, believes the CEO of one of the world's largest independent financial advisory and asset management organisations.

Nigel Green of deVere Group is speaking out after Bank of England Deputy Governor Sarah Breeden warned in a BBC interview that global equities look too high and are likely to fall because prices do not fully reflect the risks facing the global economy.

He says: “Sarah Breeden is right to say valuations are high. She is right to say investors must not be complacent. But the conclusion that markets are, therefore, set for a broad fall misses the central point, which is that AI and tech are changing the valuation framework in real time.

“We have never had AI before at this scale. There's no clean historical benchmark for what markets should pay for companies leading a once-in-a-generation productivity, infrastructure and earnings cycle.”

The warning comes as global equity markets continue to show resilience.

In the UK, the FTSE 100 remains close to record highs, trading around the 8,000 level in recent sessions, supported by strong performances in energy, financials and multinational earnings exposure.

Despite global uncertainty, the index has held firm, reflecting the strength of corporate balance sheets and overseas revenue streams.

In the US, markets have experienced some near-term volatility following a strong run, with the S&P 500 and Nasdaq easing modestly in recent sessions.

Yet the broader picture remains robust. More than 80% of companies reporting in the current earnings season have beaten expectations, underlining continued corporate resilience even in a higher-rate environment.

Nigel Green says: “Markets never move in a straight line. Valuations will always come down in some areas, others rise simultaneously.

“There'll be bouts of volatility, and some of them will feel uncomfortable. But investors should be extremely careful about interpreting a senior central bank warning as a signal to retreat from markets.

“In our view, the greater danger for long-term investors is being scared out of positions while structural growth remains intact.”

AI and tech remain the dominant forces behind current market dynamics. Companies across semiconductors, cloud computing, data centres, automation and enterprise software are seeing sustained demand driven by artificial intelligence adoption.

Capital expenditure across the sector is accelerating, with major global firms committing significant resources to expand capacity and capability.

Corporate earnings continue to reinforce this trend. Companies with credible AI exposure, strong margins and clear growth trajectories are outperforming, attracting capital and driving index-level gains.

This concentration has contributed to elevated valuations, but it also reflects where earnings growth is being generated.

“High valuations demand discipline, but high valuations do not automatically mean irrational valuations. If earnings growth, pricing power and capital investment are accelerating, a premium can be justified,” opines the deVere CEO.

“The question investors should ask is not simply whether markets look expensive compared with the past.

“The question is whether the past offers the right benchmark for AI and tech-driven earnings growth.”

He also agrees with the Bank of England that risks are real.

“Private credit markets are expanding, government debt remains elevated, and geopolitical tensions, including trade pressures under US President Trump, have the potential to create volatility and disrupt expectations.

However, Nigel Green says these risks reinforce the importance of disciplined investment rather than broad market caution.

“Investors must, of course, be judicious. They need diversification, careful asset allocation, and exposure to the sectors and companies most likely to benefit from structural growth trends. They also need to avoid complacency.

“Good advice is essential in this environment because the gap between winners and losers is widening.”

He concludes: “An unusual warning from a senior Bank of England official carries weight, but it could itself become a risk if it encourages investors to step away from markets.

“We believe investors should remain invested, remain selective, and remain focused on the forces reshaping the global economy.

“Volatility will come, valuations will adjust, but we expect that AI and tech are likely to continue to provide a powerful foundation for markets this year.”

deVere Group is one of the world's largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of offices around the world, more than 80,000 clients, and $14bn under advisement.

MSF urges policymakers to extend protected status for Haitians in the US

NEW YORK, April 23, 2026 – As the US Supreme Court prepares to hear a case affecting the legal status of many Haitians in the US, Médecins Sans Frontières/Doctors Without Borders (MSF) is warning that humanitarian conditions in Haiti have deteriorated severely in recent years, including access to medical care, endangering anyone forced to return.

“Haiti has become a far more dangerous place to live, work or seek medical care,” Tirana Hassan, CEO of MSF USA, said today. “Over the last eight years, Port-au-Prince and other regions including the Artibonite and Centre departments have fallen into severe humanitarian crises, with extreme insecurity and a steep decline in essential services including water, sanitation and medical care. Armed groups are continually battling the government and its supporters for territorial control. Residents are subjected to violence on all sides, caught in the crossfire, killed at checkpoints or attacked in their homes.”

More than 350,000 Haitians currently live in the US under Temporary Protected Status (TPS), a humanitarian program that allows people from designated countries to live and work in the US.  Haitians were eligible for TPS due to a series of severe crises and instability in the country in recent years. The Trump administration is reviewing or terminating protections for several countries with ongoing humanitarian crises and officially ended TPS designation for Haiti in February, but lower courts temporarily blocked this termination. A bipartisan group of lawmakers in the House of Representatives has also voted to extend TPS for three years, and the bill has not yet advanced in the Senate.

Now, in a case scheduled to go before the Supreme Court on April 29, Trump v. Miot, the administration is expected defend its efforts to end TPS, based in part on its arguments that conditions in Haiti are safe enough for people to return.

Yet nothing could be further from the reality that MSF teams witness in Haiti every day. Since violence escalated in early 2024, more than 60 percent of medical facilities in Port-au-Prince have been closed or are only partly functioning. Some have been looted, burned and abandoned, while others face critical shortages of supplies, medicines or staff. Many people are too afraid to seek health care, even if they have an urgent need.

In the past week alone, extremely violent fighting has broken out between several rival armed groups in two neighborhoods of Port-au-Prince, forcing hundreds of families to flee their homes in the middle of the night in torrential rain.

“Over the weekend of April 18 and 19, members of our staff called us to say they were trapped in their homes due to the gunfire and had no way to escape,” said Davina Hayles, MSF head of mission in Haiti. “Nearly 40 people, including MSF staff members accompanied by their families, came to seek refuge in our hospital in Cité Soleil, having nowhere else safe to go.”

More than 1.4 million people have fled their homes because of violence in Haiti and are sheltering in other locations across the country, according to UN estimates, in areas without adequate medical care or other essential services. Groups of families are sharing single rooms in public buildings such as schools or living in makeshift camps. MSF teams running mobile clinics see a rise in conditions that are linked to the lack of clean water.

Highlights

• The secured pipeline of installation work is $63.2 million, up 26.9% from Q2 ($49.8 million) and up 24% from Q1 ($36.6 million)
• Unaudited operating cashflow from operations before one-off transaction costs was $7.7m for the quarter, up +14.5% on Q3 FY25. Cash in the bank of $38.2m
• Group EBITDA is performing to plan, and guidance is reaffirmed ($43-47m before the addition of Tyco NZ)
• The Tyco acquisition (refer to 11th Dec 2025 ASX announcement) is expected to settle at the end of May as legal and financial conditions precedent are completed by the seller. Proforma* EPSa post-acquisition is reaffirmed >$0.0625cps
• The company announces the appointment of a new CFO. Oliver Elsdon starts with the business on 27th April. Jason Biddell will take on a new role of Chief Strategy Officer.

Intelligent Monitoring Group Managing Director Dennison Hambling, commented:

“I am happy with the progress the business continues to make. The underlying organic growth of the business has sat around 8% for the past 3 halves and we see this continuing and accelerating in an environment where advanced electronic security solutions, including remote security guarding, are only becoming more important and relevant.

We look forward to settling the Tyco NZ business in May and settling into a year of good organic growth in FY27.”

About Intelligent Monitoring Group Limited

Intelligent Monitoring Group Limited (ASX: IMB) helps provide monitored security and IOT solutions that ensure the safety and protection of Australian businesses, homes, and individuals 24 hours a day, 365 days a year.

The Company operates with the highest security accreditation from its two-significant monitoring centres.

For more information please visit: https://intelligentmonitoringgroup.com

24 April 2026 – Commonwealth Bank has deployed an advanced agentic AI system designed to help detect emerging fraud and scam patterns in transaction and payments data and generate the rules needed to help intercept them.

The investment is part of CommBank’s $1 billion annual commitment to help safeguard customers from fraud, scams, cyber threats and financial crime.

CommBank has a range of AI capabilities embedded in its advanced fraud protection systems, which monitor more than 80 million signals each day, including transactions, card and online payments and interactions with digital banking channels.

Executive General Manager of Fraud and Scams, James Roberts, said the agent builds on these foundations and helps improve the bank’s ability to respond rapidly to evolving threats.

“When suspicious patterns are identified, the system quickly assesses their severity, analyses context, and proposes new detection rules to help intercept them. The new agent goes beyond traditional AI by not only rapidly identifying new threats but also determining how it can seek to disrupt them,” Mr Roberts said.

“The agent operates around the clock, continuously monitoring activity and adapting to emerging threats.”

Mr Roberts said new detection rules are reviewed and approved by CommBank’s fraud analytics team prior to implementation, a process known as human-in-the-loop oversight.

Each day, CommBank processes more than 20 million payments on average and sends more than 40,000 proactive warning alerts on average to customers via the CommBank app. The bank’s fraud detection technology has played a role in helping to reduce fraud losses by over 20% in the first half of the 2026 financial year compared to the first half of the 2025 financial year.

The agent has also contributed to developing or updating three quarters of CommBank’s card fraud rules, which are used to identify potential fraud.

“The technology allows us to identify unusual events in highly complex patterns of activity at far greater speed and scale, helping us detect emerging threats sooner and update our controls faster,” Mr Roberts said.

CommBank’s in-house data science and engineering teams developed the system in three months, with ongoing testing demonstrating strong fraud detection outcomes.

The initiative is part of CommBank’s strategy to embed advanced AI into core operations and enhance customer outcomes. It reinforces CommBank’s position among the top four banks globally for AI maturity in the 2025 Evident AI Index.

 AI models used across the bank are governed by CommBank’s risk management frameworks and policies, with clear human accountability for outcomes.

The system is built on Snowflake’s data cloud and powered by CommBank’s cloud-based core banking platform, enabling enhanced reliability and seamless access to rich, real-time data to support advanced AI capabilities.