• Capricorn Metals posts record full-year profit, dividends after strong gold sales

    A woman in a business suit sits at her desk with gold bars in each hand while she kisses one bar with her eyes closed. Her desk has another three gold bars stacked in front of her. symbolising the rising Northern Star share price

    The Capricorn Metals Ltd (ASX: CMM) share price is in focus today after the company delivered record full-year results, with FY26 sales revenue up 46% to $769.3 million and a fully franked final dividend of 5 cents per share announced.

    What did Capricorn Metals report?

    • Sales revenue rose 46% to $769.3 million, with gold sales totalling 123,096 ounces at an average price of $6,241 per ounce.
    • Underlying EBITDA was a record $483.6 million, jumping 63% year over year, for an EBITDA margin of 63%.
    • Net profit after tax increased 59% to $327.2 million, up from $206.4 million in FY25.
    • Net cash position grew by 42% to $504.8 million at year end.
    • Gold production at the Karlawinda Gold Project totalled 123,589 ounces at an AISC of $1,629 per ounce.
    • Fully franked final dividend of 5 cents per share, bringing total FY26 dividends to 10 cents per share.

    What else do investors need to know?

    Capricorn Metals finished the year with a strong balance sheet, underpinned by robust operating cash flow of $470.2 million. The company spent $133.4 million on expansion at Karlawinda and preparatory works at Mt Gibson, alongside $74.0 million on exploration across both projects.

    The commencement of fully franked dividends reflects Capricorn’s move to a tax-paying position, with a one-off final tax payment for FY26 expected in FY27. From FY27, tax payments will transition to a standard estimates-based regime.

    What’s next for Capricorn Metals?

    Looking ahead, Capricorn Metals has provided FY27 production guidance of 137,000 to 147,000 ounces at an AISC of $1,900 to $2,100 per ounce. After the Karlawinda Expansion Project is commissioned this quarter, gold output is forecast to ramp up to around 150,000 ounces per annum.

    Development at the Mt Gibson Gold Project is targeted to start in the second quarter of FY27, subject to permitting. Supported by strong cash flows and a healthy cash balance, Capricorn aims to fund growth projects and continue shareholder returns.

    Capricorn Metals share price snapshot

    The Capricorn Metals share price has been among the best performers on the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of almost 70%.

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    Should you invest $1,000 in Capricorn Metals right now?

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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.

  • Boss Energy reports profit turnaround and more uranium production in FY2026

    a group of three electricity workers stand smiling wearing hard hats and high visibility vests in front of an array of high voltage power equipment.

    The Boss Energy Ltd (ASX: BOE) share price is in focus today as the company posted a $2.5 million profit after tax for FY2026, a sharp turnaround from last year’s $34.2 million loss. Revenue more than doubled to $151.1 million, marking the company’s first full year selling uranium from Honeymoon.

    What did Boss Energy report?

    • Revenue: $151.1 million, up 100% from FY2025
    • Net profit after tax: $2.5 million (FY2025: $34.2 million loss)
    • Operating cash flow: $73.6 million (FY2025: $17.4 million)
    • Production: 1.41 million pounds of uranium oxide (up 61% year-on-year)
    • Cash and liquid assets: $207.3 million, no debt
    • No dividend declared for FY2026

    What else do investors need to know?

    Boss Energy has ramped up production at Honeymoon, its key operating mine in South Australia, commissioning new infrastructure and focusing on operational improvements. A New Feasibility Study and updated life-of-mine plan were also released, centring on a wide-spaced wellfield design to lift efficiency and cut costs.

    In Texas, Boss holds a 30% stake in the Alta Mesa uranium operation, which delivered its own production growth. The company has also advanced studies and permitting for the Gould’s Dam and Jasons satellite deposits, aiming to expand future supply using existing infrastructure.

    What did Boss Energy management say?

    Managing Director & CEO Matt Dusci said:

    Our priorities for FY2027 are to safely progress the development plan outlined in the New Feasibility Study, continue improving operational performance and cost competitiveness, advance our satellite deposits and maintain disciplined capital management. We recognise that rebuilding confidence will require consistent execution and delivery against our commitments. This will remain a key focus as we move forward.

    What’s next for Boss Energy?

    Looking ahead, Boss Energy aims to build on its reset operational base by transitioning Honeymoon to the newly established wide-spaced wellfield approach. The plan is to steadily boost output, pursue further efficiency gains and optimise costs over the next development phase.

    Further milestones include progressing Gould’s Dam and Jasons towards production and maintaining strong capital discipline. The company is also watching the uranium market closely as global demand remains strong amid a renewed focus on energy security and decarbonisation.

    Boss Energy share price snapshot

    Over the past 12 months, Boss Energy shares have declined 6%, trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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    Motley Fool contributor Laura Stewart 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.

  • Wesfarmers posts higher earnings, lifts dividend in FY26 results

    A smiling woman at a hardware shop selects paint colours from a wall display.

    The Wesfarmers Ltd (ASX: WES) share price is in focus today after the company posted a statutory net profit after tax (NPAT) of $2,874 million for FY26, supported by strong results from Bunnings, Kmart Group and WesCEF, and a higher fully-franked ordinary dividend.

    What did Wesfarmers report?

    • Revenue rose 3.4% to $47,274 million
    • Statutory NPAT of $2,874 million (down 1.8% vs FY25 including significant items; up 8.3% excluding them)
    • Earnings before interest and tax (EBIT) grew 7.3% (excluding significant items)
    • Full-year fully-franked ordinary dividend up 7.8% to 222 cents per share
    • Free cash flow increased 15.8% to $3,992 million
    • Return on equity (R12) improved to 35.5%

    What else do investors need to know?

    The year saw strong performances from the biggest divisions: Bunnings lifted earnings by 5.1% with consistent sales growth across categories, while Kmart Group’s transformation projects and value-driven strategy drove earnings up 6.0%. WesCEF’s earnings rose 18.5%, as its lithium business swung into profit, offsetting pressures from ammonia pricing affected by global supply disruptions.

    Officeworks faced a 22.2% drop in earnings, mainly due to one-off transformation costs, but still managed to grow sales by 3.7%. In a significant move, Blackwoods and Workwear Group transitioned into Bunnings Group from 1 July 2026 to strengthen the commercial offer.

    Wesfarmers invested in growth across its portfolio, including expanding the Mt Holland lithium mine, digital transformation initiatives, and AI-powered customer assistants in key retail brands. The company also reduced its Scope 1 and 2 emissions by almost 22% year on year.

    What did Wesfarmers management say?

    Wesfarmers’ managing director, Rob Scott, commented:

    Our businesses focused on mitigating cost pressures through productivity initiatives and were able to deliver more value, better service and increased convenience for our retail and business customers. As households continued to experience cost of living pressures, our retail businesses dropped prices on thousands of products during the year to support household budgets.

    What’s next for Wesfarmers?

    Wesfarmers says it remains well placed to deliver satisfactory long-term returns, guided by a portfolio of resilient, high-quality businesses and a strong balance sheet. The company expects to continue investing in store networks, supply chains and digital capabilities, even as higher labour and operating costs persist across the industry.

    Looking ahead, Wesfarmers flagged increased capital expenditure of $1.3 to $1.5 billion for FY27, particularly to support lithium production, store refurbishments, supply chain upgrades, and the start of a new joint venture in modular residential construction. Early trading in FY27 shows Bunnings’ sales growth is slightly ahead of the second half of FY26, with Kmart and Officeworks maintaining positive momentum. The group aims to leverage both its retail and health assets, as well as new digital platforms, to keep building long-term value.

    Wesfarmers share price snapshot

    The Wesfarmers share price has underperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of over 9%.

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    The post Wesfarmers posts higher earnings, lifts dividend in FY26 results appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Wesfarmers right now?

    Before you buy Wesfarmers shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Wesfarmers wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

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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 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. 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.

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