The Magellan Financial Group Ltd (ASX: MFG) share price is in focus after the company reported combined group revenue of $778 million and declared a fully franked final dividend of 25.5 cents per share.

What did Magellan Financial Group report?

• Combined pro forma revenue of $778 million, diversified across three business lines
• Combined group operating profit after tax of $215 million
• Combined group net profit after tax of $146 million
• MFG operating profit after tax of $145 million, down 9%
• MFG net profit after tax of $88 million, down 47%
• Final fully franked dividend of 25.5 cents per share
• Total assets under management of $36.7 billion, down 7% year on year

What else do investors need to know?

Magellan’s FY26 result reflects lower investment management revenue, but this was partially offset by a sharp rise in partnership income — particularly from Barrenjoey Capital Partners. That partnership contributed $42 million to MFG’s operating result.

The merger with Barrenjoey, effective from 1 July 2026, has created a more diversified financial services group. The company said its revenue is now spread across Financial Markets, Corporate Finance and Investment Management.

AUM declined by 7% over the year, mainly due to continued outflows from heritage Global Equities funds. However, the Group saw institutional inflows into Australian equities and global listed infrastructure strategies, along with progress in systematic strategies.

What did Magellan Financial Group management say?

Mr Benari, Group CEO, commented:

2026 was a transformational year for MFG. The merger between MFG and Barrenjoey marks the beginning of a new chapter for our company, and today’s results are the first time we have reported the pro forma performance of a stronger and more diversified Australian financial services group, spanning Financial Markets, Corporate Finance and Investment Management.

The combined group delivered pro forma revenue of $778 million for the year and maintains a balance sheet with meaningful headroom for growth. As previously announced and subject to shareholder approval, we intend to change the company’s name to Barrenjoey Group Limited and change our ASX ticker to BJY. The new name reflects the scale and ambition of all of our business lines.

We are focused on reaching more clients and delivering more products, and our recently announced New Zealand expansion is an example of this.

What’s next for Magellan Financial Group?

Looking ahead, Magellan plans to rebrand as Barrenjoey Group Limited, pending shareholder approval at its upcoming AGM. The company also intends to update its ASX ticker to “BJY” to reflect this new identity.

Management say they will focus on deepening their business across all three core lines and reaching more clients, including expanding into New Zealand. The board has also changed its main office address, effective from September 2026, to Quay Quarter Tower in Sydney.

Magellan Financial Group share price snapshot

The Magellan share price has modestly outperformed the S&P/ASX 200 index (ASX: XJO) on a 12-month basis with a gain of almost 7%.

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The post Magellan Financial Group posts FY26 earnings; to rebrand as Barrenjoey 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 IGO Ltd (ASX: IGO) share price is on watch today after the company returned to profitability in FY26, posting a net profit after tax (NPAT) of $145.3 million and announcing a fully franked final dividend of 5 cents per share.

What did IGO Ltd report?

• Total revenue of $462.9 million (down 12% from FY25)
• NPAT of $145.3 million (FY25: $954.6 million loss)
• Underlying EBITDA of $285.9 million (FY25: $43.0 million loss)
• Operating cash flow of $132.4 million (up 209%)
• Final fully franked dividend of 5 cents per share ($38 million total)
• Group cash at $386.5 million and undrawn $300 million corporate debt facility

What else do investors need to know?

IGO’s performance bounced back as profits from its Greenbushes and Nova operations, plus improved returns from the Tianqi Lithium Energy Australia joint venture, drove earnings higher. Cost and capital management also played a big part in the turnaround, with free cash flow jumping 176% to $134 million.

The company completed the sale of the Forrestania nickel operation to Medallion Metals and announced a deal to divest its Nova operation to Global Lithium Resources, further simplifying the business and re-aligning strategic priorities towards lithium and copper. Key leadership changes occurred, with Dr Vanessa Guthrie AO taking over as Chair and several other board appointments and departures.

What did IGO Ltd management say?

IGO’s CEO, Ivan Vella, said:

We are proud of what IGO delivered in FY26 – across safety, operational performance and financial returns. The Group returned to profitability, generated positive underlying free cash flow and ended the year with a strong balance sheet, reflecting the benefits of disciplined execution across the portfolio… Looking ahead, our priorities remain clear: safe and reliable operations at Nova, continued support for Greenbushes and Kwinana, and focused growth through exploration, BioHeap and selective inorganic opportunities where value creation and alignment with our strategy is clear.

What’s next for IGO Ltd?

In FY27, IGO expects to close the Nova divestment and focus on growth opportunities in copper and lithium. Guidance points to steady Greenbushes production, lower costs, and increased lithium hydroxide output at Kwinana, though some operational challenges remain.

The company maintains a strong financial position, with $386.5 million in cash and a significant undrawn debt facility, which should support disciplined growth and investment in its targeted commodity areas.

IGO Ltd share price snapshot

The IGO share price has been a strong performer over the past 12 months, beating the S&P/ASX 200 index (ASX: XJO) with a gain of over 50%.

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The post IGO Ltd swings to $145 million FY26 profit, pays 5c 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.

The Mineral Resources Ltd (ASX: MIN) share price is in focus today after the company reported its strongest-ever financial result, with record revenue of $6.5 billion and underlying NPAT up 831% to $822 million.

What did Mineral Resources report?

• Revenue: $6.5 billion, up 44% on FY25
• Underlying EBITDA: $2.6 billion, up 183%
• Underlying NPAT: $822 million, up 831% year on year
• Reported NPAT: $1.2 billion, up 236%
• Free cash flow: $849 million, up 141%
• Fully franked final dividend: $0.83 per share, reinstated after nil in FY25

What else do investors need to know?

The record performance was driven by growth in the Mining Services division, the ramp-up of Onslow Iron to nameplate capacity, and improved results in lithium operations—helped by higher prices and volumes in the second half. The company’s net debt fell by $1.1 billion to $4.3 billion, with liquidity doubling to $2.4 billion.

Mineral Resources expects the proposed transaction with POSCO, once completed, to reduce net debt further and provide additional funds for growth initiatives. The company is guiding Mining Services volumes to increase by 9% to 14% in FY27, with growth supported by the Onslow Iron project and ramp-ups at other key assets.

What did Mineral Resources management say?

Chris Ellison, Managing Director, said:

The past 12 months stand among the most significant in MinRes’ history. Record operational and financial results reflect years of strategic investment, positioning the company to enter its third listed decade with a stronger foundation than at any point in our 20-year journey on the ASX.

What’s next for Mineral Resources?

Looking to FY27, Mineral Resources expects growth across every operating division, particularly in Mining Services, which is underpinned by long-term contracts and recurring revenue. The company will focus on delivering new brownfield investments and further ramping up iron ore, lithium, and energy projects.

Completion of the POSCO deal is anticipated to unlock further balance sheet strength and disciplined growth. Governance improvements and leadership succession strategies are now embedded, with the company emphasising a disciplined approach to capital allocation for its next growth phase.

Mineral Resources share price snapshot

The Mineral Resources share price has been on fire over the past 12 months, outperforming the S&P/ASX 200 index (ASX: XJO) with a gain of almost 80%.

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The post Mineral Resources share price on watch as record earnings, dividend highlight FY26 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.