In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. At the time of writing, the benchmark index is down 1.7% to 8,921.7 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
Image source: Getty Images
Electro Optic Systems Holdings Ltd (ASX: EOS)
The EOS share price is up 5% to $9.92. Earlier this week, the defence and space company announced that it secured new remote weapon system (RWS) orders valued at approximately $17 million. The largest component is a US$12 million order for R400 RWS units from an established Middle Eastern government customer. EOS also advised that it has finalised a $100 million two-year secured term loan facility. This will support growth across the business, provide additional working capital, and help fund payments related to the acquisition of MARS.
GenusPlus Group Ltd (ASX: GNP)
The GenusPlus share price is up 1% to $8.07. This morning, this essential power and telecommunications infrastructure services provider agreed to acquire Railtrain Holdings. The two parties have agreed upfront consideration of $36.5 million, which is payable in cash. Genus' managing director, David Riches, said: "I am pleased to announce the signing of binding documentation for our acquisition of Railtrain which is another step forward in our strategy to expand into the rail infrastructure sector. Railtrain is a highly logical acquisition which will add critical scale, and expands the geographical and service capability of our existing MGC rail business."
Life360 Inc (ASX: 360)
The Life360 share price is up 2% to $20.76. This morning, analysts at Bell Potter responded positively to its full-year results release from yesterday. It has retained its buy rating with a slightly trimmed price target of $40.00. The broker was impressed with Life360's performance in FY 2025. It said: "2025 revenue of US$489m was slightly above our forecast of US$488m and VA consensus of US$486m and was top end of the US$486-489m guidance range. Adjusted EBITDA of $93m, however, was a beat versus our forecast of US$90m and VA consensus of US$88m and was also above the US$87-92m guidance range. Cash at year end was US$495m which was ahead of our forecast of US$476m."
WIA Gold Ltd (ASX: WIA)
The WIA Gold share price is up 4% to 57.7 cents. This follows the release of additional significant assay results from recent drilling at its Kokoseb Gold Project in Namibia. The company revealed that results from 18 diamond drill holes targeting mineralised depth extensions beyond the current open-pit mineral resource estimate further confirm the continuity, scale, and robustness of high-grade plunging shoots. WIA Gold's managing director and CEO, Henk Diederichs, said: "These drilling results continue to confirm the continuity and scale of the high‑grade gold system at depth, further enhancing the prospectivity of an underground mining operation beyond the open pit shell."
