Ramsay Health Care Ltd (ASX: RHC) share price is under the spotlight after the company reported underlying net profit after tax (NPAT) up 22.9% and underlying EBIT up 11.8% for the twelve months to 30 June 2026.

What did Ramsay Health Care report?

• Underlying NPAT: $364.1 million, up 22.9% on FY25 (constant currency)
• Underlying EBIT: $1,162 million, up 11.8% (constant currency)
• Revenue: $18.6 billion, up 4.2% (constant currency)
• Final fully franked dividend: 48.5 cents per share; full year payout ratio 60.3% of underlying earnings (total 91 cps)
• Funding Group leverage: 1.83x, below the 2.5x target
• Underlying EPS: 151.0 cps, up 27%

What else do investors need to know?

Ramsay reported positive transformation momentum in its Australian hospital business, driven by activity growth, higher acuity cases, improved theatre use, and stronger cost management. Both UK and Australian businesses were net cash flow positive, while capital discipline delivered a 30bps improvement in Group EBIT margin to 6.2% and ROIC growth.

The company completed or progressed several strategic moves in FY26, including progressing the planned separation (demerger) of its 52.8% stake in Ramsay Santé. The proposed demerger is tracking towards a shareholder vote in late November 2026 and aims to allow greater focus on the core Australian hospital business.

What did Ramsay Health Care management say?

Ramsay Health Care’s CEO, Natalie Davis, said:

I am pleased that we are maintaining high patient NPS scores and clinical excellence in every region, building transformation momentum in the Australian business, and improving performance and capital returns across the Group. I would like to thank our incredible people and our clinicians who dedicate themselves to our patients and are the foundation of our success.

What’s next for Ramsay Health Care?

Looking ahead, Ramsay expects to report EBIT growth and further margin improvement in FY27, with ongoing focus on cost management, activity growth, and capital discipline. The company will finalise the acquisition of National Capital Private Hospital in September 2026, integrating it into the Ramsay network.

The planned demerger of Ramsay Santé remains a key milestone in the coming year. If approved, it will simplify reporting and sharpen Ramsay’s attention on its Australian and UK hospital operations. Investments in technology, “Big 5” hospital initiatives, and continued optimisation are expected to support the next phase of growth.

Ramsay Health Care share price snapshot

The Ramsay Health Care share price has outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of over 15%.

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The post Ramsay Health Care FY26: Profit surges on transformation momentum 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 Generation Development Group Ltd (ASX: GDG) share price is in focus today after reporting a 21% lift in underlying NPAT to $40.7 million and a 23% rise in group revenue to $178.7 million for FY26.

What did Generation Development Group report?

• Underlying NPAT: $40.7 million, up 21%
• Group revenue: $178.7 million, up 23%
• Funds under management (FUM): $46.5 billion, up 37%
• Record group net inflows: $9.7 billion, up 19%
• Statutory NPAT: $31.9 million, down 10%
• Final fully franked dividend: 1 cent per share (full-year total 2 cents)

What else do investors need to know?

FY26 was marked by the completion of the Evidentia and Lonsec Investment Solutions integration, creating a single managed accounts platform under Evidentia Group. Managed account FUM grew to $40.5 billion, fuelled by net inflows and increased adviser adoption.

Generation Life’s FUM hit a record $5.95 billion, reflecting strong demand for investment bonds amid ongoing superannuation and tax reform. Lonsec delivered resilient performance, expanding its research coverage to 2,001 products and growing its iRate subscriber base to 5,629.

What did Generation Development Group management say?

Generation Development Group CEO, Grant Hackett OAM said:

FY26 was another strong year for the Group, characterised by record net inflows, continued market share gains and strong earnings growth.

The successful integration of Evidentia Group and Lonsec Investment Solutions, combined with ongoing investment across our businesses, has strengthened our competitive position and enhanced our ability to capitalise on long-term structural growth opportunities.

Generation Life, Evidentia and Lonsec each hold leading positions in attractive markets benefiting from powerful demographic, regulatory and industry tailwinds.

We enter FY27 with a high-quality recurring revenue base, strong execution momentum and significant opportunities to continue compounding earnings and long-term shareholder value.

What’s next for Generation Development Group?

The group enters FY27 well-placed to benefit from strong structural tailwinds across superannuation, retirement, and managed account markets. Management anticipates ongoing growth in FUM, supported by adviser adoption and stable product revenue margins.

Underlying operating expenses are expected to rise in line with prior years, as GDG continues investing in people, technology, and new partnerships. The company’s robust balance sheet supports its disciplined approach to further growth and improved operating leverage over time.

Generation Development Group share price snapshot

Over the past 12 months, Generation Development Group shares have declined 40%, trailing the All Ordinaries Index (ASX: XAO), which has climbed 1% over the same period.

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The post Generation Development Group FY26 earnings: Record inflows and FUM growth appeared first on The Motley Fool Australia.

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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 recommended Generation Development Group. 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 South32 Ltd (ASX: S32) share price is in focus today after the miner delivered a standout FY26 result, with underlying earnings up 55% to US$1.03 billion and total dividends rising 55% to 9.3 US cents per share.

What did South32 report?

• Revenue from continuing operations rose 1% to US$5,816 million
• Profit after tax attributable to members increased 410% to US$1,087 million
• Underlying EBITDA grew 28% to US$2,462 million, at a 31% margin
• Total ordinary dividends for the year lifted 55% to 9.3 US cents per share (fully franked)
• Net tangible assets per share rose to US$2.12 (from US$1.93)
• Net cash position improved to US$283 million

What else do investors need to know?

South32 extended its capital management program to September 2027, with US$209 million still to be returned to shareholders. The board declared a final US 5.4 cents per share dividend, reflecting strong cash flow and capital discipline.

A major portfolio move was announced post-year-end, with South32 agreeing to sell its aluminium value chain assets to Alcoa for up to US$5.6 billion. This positions South32 as a focused base metals miner, targeting growth in copper, zinc, and silver.

Construction continued at the Hermosa Taylor zinc-lead-silver project in the US and the company approved a 30% expansion at its Sierra Gorda copper joint venture in Chile. Additionally, safety improved, with lost time injury frequency falling by 29% year-on-year.

What did South32 management say?

Commenting on the results, South32’s CEO, Matt Daley, said:

Strong operating performance coupled with commodity price tailwinds underpinned one of the best financial results in our history, with Group underlying EBITDA increasing by 28 per cent to US$2.5 billion and underlying earnings increasing by 55 per cent to US$1 billion. … The sale of our aluminium value chain assets to Alcoa will simplify and strengthen our portfolio, positioning South32 as a leading base metals focused company with high-margin assets and a pipeline of compelling growth options in copper, zinc and silver. … Looking ahead, the outlook for our business is positive as we focus on safe and stable operations and growing our production of base metals into structurally attractive markets.

What’s next for South32 Ltd?

Looking forward, South32 expects to complete the Alcoa transaction in the second half of FY27. Production guidance for key base metals operations is for modest growth, with Sierra Gorda copper output to rise by 5% in FY27 and another 2% in FY28. Cannington’s zinc equivalent production is forecast to remain steady, and the Hermosa Taylor project is on track for first production in the second half of FY28.

The company aims to further streamline support costs and pursue growth investments in its base metals portfolio. Capital expenditure will be focused on expanding Hermosa and Sierra Gorda, and the group plans to review climate targets following the aluminium assets sale.

South32 share price snapshot

The South32 share price has smashed the S&P/ASX 200 index (ASX: XJO) over the last 12 months with a gain of over 75%.

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The post South32 FY26 earnings: base metals drive profit surge and new dividend 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.