The market is charging higher today, with many ASX 300 shares recording gains.
But two that stand out from the rest with particularly strong gains on Monday are named below.
Here's why these shares are making their shareholders smile today:
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PWR Holdings Ltd (ASX: PWH)
The PWR share price is up 13% to a 52-week high of $9.86 on Monday.
Investors have been buying the advanced cooling products and solutions provider's shares after it announced a US$9.1 million (~A$13.5 million) follow-on defence and aerospace contract. This will see it supply advanced cooling solutions for a US government project.
The ASX 300 share notes that this contract follows the ongoing successful delivery of the previous order announced a year ago. It believes it reinforces PWR's position on this project as it progresses to full rate production.
The company highlights that delivery under this new contract is expected to occur predominantly in FY 2027.
It may not be the last. Management revealed that the project is scheduled to extend over multiple years. This is subject to forecasted demand for the platform, government funding, and PWR's performance.
The company's acting CEO, Matthew Bryson, said:
PWR announced the initial US$5.5 million order for this project in January 2025 and securing a follow-on order reflects the successful delivery of that first phase and demonstrates our ability to execute reliably and adapt to evolving program requirements on complex projects. Continued delivery on this platform supports PWR's growing reputation as a leader in advanced cooling technology for Aerospace and Defence applications.
Regal Partners Ltd (ASX: RPL)
The Regal Partners share price is up 9% to $3.70. This has been driven by the release of the fund manager's profit guidance for FY 2025 before the market open.
Management revealed that it expects to report normalised net profit after tax of $145 million. This will be an increase of 49% year on year from $97.5 million in FY 2024.
A key driver of this profit growth has been the strong performance of a range of investment strategies. This has underpinned second half performance fees of $130 million.
The ASX 300 share also advised that its funds under management (FUM) rose to approximately $20.8 billion at the end of December. This reflects net inflows for the December quarter of approximately $80 million, which takes total net inflows for calendar year 2025 to $1.5 billion.
