The 29Metals Ltd (ASX: 29M) share price is down 7% to 33.5 cents on Thursday following the release of its half-year results, which showed a 12% rise in revenue to $304.9 million but a net loss after tax of $34.8 million compared to last year’s $35.3 million profit.

What did 29Metals report?

• Revenue rose 12% to $304.9 million (1H FY25: $271.0 million).
• Net loss after tax of $34.8 million (1H FY25: $35.3 million profit).
• EBITDA fell to $30.5 million (1H FY25: $112.6 million).
• No interim dividend declared or paid.
• Total liquidity increased to $202.1 million (31 Dec 2025: $117.6 million).
• Copper metal sales contributed 70% of total revenue, up from 51%.

What else do investors need to know?

29Metals raised $150 million through an underwritten entitlement offer during the period, boosting its working capital. The proceeds are earmarked for ongoing development at Gossan Valley, advancing the restart plans at Capricorn Copper, and continued exploration.

Operations at Golden Grove delivered higher copper output but much lower zinc production due to a temporary exclusion zone at Xantho Extended following seismic events. Restart activities at Capricorn Copper remain ongoing, with production still suspended while approval processes for a new tailings facility are underway.

What’s next for 29Metals?

Looking ahead, 29Metals expects mining at Xantho Extended to recommence in the December quarter, while first ore from the Gossan Valley and Oizon projects is also targeted for late 2026. At Capricorn Copper, management is working through regulatory approvals and feasibility studies to support a safe and sustainable restart, subject to funding and permitting outcomes.

Exploration drilling at Golden Grove is ongoing, with promising targets identified. The company is also engaging with potential strategic partners to strengthen liquidity and accelerate progress on key projects.

29Metals share price snapshot

Despite today’s decline, the 29Metals share price is beating the S&P/ASX 200 index (ASX: 29M) on a 12-month basis with a gain of over 11%.

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The post 29Metals share price drops 7%: Half-year earnings reveal $34.8m loss, revenue up appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Jumbo Interactive Ltd (ASX: JIN) share price is down 6.5% to $7.20 on Thursday.

This is despite the company posting record underlying EBITDA of $85.2 million, up 25%, with revenue rising 33% to $193.6 million, driven by international expansion and strong managed services growth.

What did Jumbo Interactive report?

• Revenue of $193.6 million, up 33.2% on FY25
• Underlying EBITDA of $85.2 million, up 24.8% on FY25 (record level)
• Underlying NPAT of $41.4 million, up 3.7%
• Total dividend for FY26 of 27.0 cents per share, fully franked (FY25: 54.5 cps)
• Total Transaction Value (TTV) rose 13.0% to $1,125.8 million
• Dream Giveaways segment contributed $21.8 million in underlying EBITDA

What else do investors need to know?

Jumbo strengthened its international footprint, completing acquisitions of Dream Car Giveaways in the UK and Dream Giveaway in the US. These additions marked a significant move into international B2C markets and delivered positive EBITDA contributions, particularly from the US business.

The Managed Services segment also performed well, underpinned by new business wins in Canada and steady results in the UK. In Australia, lower lottery jackpots impacted ticket sales, but other products and SaaS partnerships partially offset this.

Regarding the Brightstar Lottery opportunity, Jumbo and Brightstar have not finalised commercial terms for a proposed subcontractor arrangement on Lotterywest’s new digital solution. Management believes this outcome will have minimal impact on future Group EBITDA.

What did Jumbo Interactive management say?

Speaking about the results, Jumbo’s CEO and Founder, Mike Veverka, commented:

FY26 was a defining year for Jumbo. We delivered the highest EBITDA in Jumbo’s history and took a decisive step towards becoming a diversified, international, technology-enabled lottery and prize draw company. The acquisitions of Dream Car Giveaways in the UK and Dream Giveaway in the US marked Jumbo’s significant move into international B2C markets, building a new growth engine alongside our established Australian business. We now have the ability to apply our software, marketing expertise and operational discipline to accelerate growth in both businesses.

What’s next for Jumbo Interactive?

Looking to FY27, Jumbo expects Australia’s underlying EBITDA margin to remain between 46% and 50%, while targeting international underlying EBITDA of $36–$40 million. The transition of Dream US to the Jumbo Lottery Platform is set to incur a platform fee, but further international growth remains a key focus.

Jumbo says it will keep its capital management approach flexible, continuing the on-market share buyback program and paying dividends within a 30%–50% payout range. Negotiations for the digital component of the Brightstar project are ongoing, and the company’s core SaaS partnership with Lotterywest remains unchanged.

Jumbo Interactive share price snapshot

The Jumbo Interactive share price is underperforming the S&P/ASX 200 index (ASX: XJO) on a 12-month basis with a decline of over 35%.

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The post Jumbo Interactive share price tumbles despite posting record EBITDA on international push appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Jumbo Interactive. The Motley Fool Australia has recommended Jumbo Interactive. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

Wesfarmers Ltd (ASX: WES), Mineral Resources Ltd (ASX: MIN), and Qantas Airways Ltd (ASX: QAN) shares are creating a stir today.

In morning trade, all three of the big name ASX shares are outperforming the 0.4% losses posted by the S&P/ASX 200 Index (ASX: XJO) on Thursday.

Here’s what’s catching investor interest.

Qantas shares lift on revenue growth outlook

Qantas shares are gaining altitude today, up 2.6% and trading for $9.46 apiece.

This follows the release of the ASX 200 airline’s full-year FY 2026 results.

For the 12-month period, Qantas reported a 12.7% year-on-year decline in underlying earnings per share to 96 cents.

On the bottom line, the airline achieved an underlying profit before tax of $2.06 billion, down 13.8% from FY 2025.

With profits down, management declared a fully-franked final Qantas dividend of 19.8 cents per share, down 25% from last year’s final payout.

The company estimated that the impact from the Middle East conflict has so far cost it $420 million, largely driven by higher jet fuel costs.

Despite the higher fuel costs, the company expects to see unit revenues grow by 8% to 10% in the first half of FY 2027.

Wesfarmers shares lift on dividend boost

Like Qantas shares, Wesfarmers shares are in the green today, up 0.2% and changing hands for $83.41 apiece.

The ASX 200 conglomerate – whose retail subsidiaries include Bunnings Warehouse, Kmart Australia, Officeworks, and Priceline – also reported its FY 2026 results this morning.

Highlights included a 3.4% year-on-year increase in revenue to $47.25 billion, and (excluding significant items) earnings before interest and tax (EBIT) increased by 7.3%

Wesfarmers’ free cash flow was up as well, increasing 15.8% to an impressive $3.99 billion.

On the bottom line (excluding significant items), Wesfarmers achieved a statutory NPAT of $2.87 billion, up 8.3% from FY 2025.

Management declared a fully-franked final dividend of $1.20 per share, up 9.1% from last year’s final Wesfarmers dividend.

Which brings us to…

Mineral Resources shares jump on surging cash flow

Joining Wesfarmers and Qantas shares in turning heads today, we find Mineral Resources.

At the time of writing, shares in the ASX 200 lithium miner and diversified resources producer are trading for $68.96 apiece, up 3.1%.

Investors are bidding up Mineral Resources shares after the miner posted record full-year revenue in FY 2026 of $6.5 billion. That’s up 44% from last year.  And earnings rocketed 183%, with the company reporting underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) of $2.6 billion.

This helped drive a 141% surge in FY 2026 free cash flow to $849 million.

On the bottom line, Mineral Resources shares look to be getting a lift today, with FY 2026 underlying net profit after tax (NPAT) of $822 million, up 831% from FY 2025.

And passive income investors will be pleased to see the return of the Mineral Resources dividend, suspended in the second half of 2024. The FY 2026 final fully-franked dividend works out to 83 cents per share.

The post Why Wesfarmers, Mineral Resources and Qantas shares are turning heads on Thursday appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Wesfarmers. The Motley Fool Australia has recommended Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.