The Perseus Mining Ltd (ASX: PRU) share price is in focus after the company reported record FY26 results, with profit after tax rising 14% to $480.5 million and revenue up 19% to $1.48 billion.

What did Perseus Mining report?

• Revenue of $1.484 billion, up 19% year on year
• Net profit after tax of $480.5 million, up 14%
• EBITDA of $860.5 million, up 16%
• Operating cash flow of $666.4 million, up 24%
• Final dividend of 9 cents per share, full-year dividend of 14 cents, up 87%
• Cash and bullion holdings of $1.03 billion

What else do investors need to know?

Perseus Mining completed $126 million of its $150 million FY26 share buyback, and renewed its buyback program with approval to invest up to $350 million more over the next year. The company’s strong balance sheet is supported by an undrawn US$400 million debt facility.

Perseus is also planning a further $100 million distribution to shareholders from the proceeds of the Meyas Sand Project sale in Sudan, pending final structure and approvals. A revised capital management policy sets a minimum dividend of 20% of post-NCI operating cash flow.

Project progress remains strong, with the Nyanzaga Gold Project in Tanzania now 67% complete and on track for first gold pour in January 2027.

What did Perseus Mining management say?

Perseus’s Managing Director and CEO, Craig Jones, said:

Perseus has delivered a record financial result for FY26 delivering on production and cost guidance again, a reflection of the Company’s ongoing commitment to delivering on its priorities. Strong gold prices supported our delivery of record net operating cash flow of $666 million, up 24% year on year, enabling a record year for shareholder returns. Today we announced a final dividend of 9 cents per share taking our full year dividend to 14 cents, up 87%, alongside A$126 million in on-market share buy-backs during the year.

FY26 was also a year of major project momentum with our Nyanzaga Gold Project in Tanzania on track for first gold pour in January 2027 and the achievement of first gold pour from the CMA underground in Côte d’Ivoire.

Our Mineral Resource and Ore Reserve update released today demonstrates Perseus’s ongoing ability to grow its resources, with a 37% increase in Measured and Indicated Resources and a 40% increase in Proved & Probable Reserves compared to FY25.

What’s next for Perseus Mining?

Looking ahead, Perseus expects gold production for FY27 between 420,000 and 480,000 ounces, with all-in site costs forecast between US$1,835 and US$2,070 per ounce. Development focus remains on bringing Nyanzaga online, with commercial production planned for Q4 FY27.

The company also aims to maintain a robust capital management strategy, with a focus on returning value to shareholders through dividends and share buybacks, while prioritising project execution and sustainability outcomes.

Perseus Mining share price snapshot

Perseus Mining’s share price has outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a 65% gain, reflecting strong earnings and record shareholder distributions.

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The post Perseus Mining delivers record profit and higher dividends in 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.

Electro Optic Systems Holdings Ltd (ASX: EOS) shares had a day to remember on Tuesday.

The defence and space company’s shares rocketed 23% to $10.58 following the release of its half-year results.

Does this mean it is too late to invest? Let’s see what Bell Potter is saying about the popular stock.

What is the broker saying?

Bell Potter highlights that EOS reported underlying EBITDA that was 4% above its estimates in the first half of FY 2026 thanks to better than expected gross margins. It commented:

EOS pre-reported +283% YoY revenue growth to $169m, supported by +322% YoY growth in Defence (BPe +310%) and -4% YoY decline in Space (BPe +31%). EBITDA was $21.6m (4% beat vs. BPe) driven by higher-than-expected gross margins offset partially by higher opex which reflected a 42% YoY expansion in headcount as EOS scales geographic presence for further order book growth plus MARSS sign on bonuses. Statutory NPAT of -$33.7m was materially lower than expectations and driven completely by fair value adjustments to contingent consideration of the MARSS acquisition.

Another positive was the release of an update on its guidance for FY 2026. Bell Potter points out that management is expecting revenue to be significantly better than both it and the market were expecting. The broker explains:

EOS has completed its review of CY26 revenue outlook (including the base business and the newly acquired MARSS business) and now expects full-year revenue to be in the range of $360-400m substantially above BPe of $316m and consensus of $320m. This guide is not conditional on securing future orders. On 12 August 2026, EOS issued a bank guarantee of British £37.1m ($70.9m) to a prospective government customer in the Middle East. This deposit suggests signing of a major Middle East contract is imminent. 

In the past, EOS has provided guarantees of 5-20% of the contract value, however, it is feasible that guarantees could be a much higher percentage suggesting potential contract value of between $140-700m. EOS also provided a market development update which detailed several new material opportunities including 1x >$300m follow-on production HELW systems and 5x major MARSS opportunities.

Should you buy EOS shares?

According to the note, Bell Potter has retained its buy rating and $12.60 price target on EOS shares.

Based on its current share price, this implies potential upside of almost 20% for investors over the next 12 months.

Commenting on its buy recommendation, the broker said:

Retain Buy. EOS is positioned as a C-UAS market leader leveraged to increasing budget allocations to C-UAS tech. The next 3-12 months is catalyst rich for EOS.

The post What is Bell Potter saying about EOS shares after its results? 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 Electro Optic Systems. 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.

There are a handful of ASX shares that analysts think could deliver substantial returns, with multiple buy ratings.

Analysts always seek opportunities that may be undervalued. Experts can quantify how undervalued an investment might be with a price target.

A price target tells investors where they think the share price will be in 12 months from the time of the investment rating. If a price target implies capital gains of more than 10% in the next year, it could be more likely to beat the S&P/ASX 200 Index (ASX: XJO).

There are a few names that are projected to grow by 60% or more, including the following two.

IDP Education Ltd (ASX: IEL)

IDP describes itself as a global leader in international student placement and a co-owner of the world’s most popular high-stakes English language test, IELTS. It helps people get accepted into their ideal course, take an English language test or learn English in its schools.

It’s partnered with more than 1,000 universities and institutions across Australia, Canada, Ireland, New Zealand, the UK and the USA.

The ASX share has struggled in recent times amid the uncertainty surrounding the international student sector, but now it’s seen as undervalued after falling 95% since November 2021 and down 70% since January 2026.

IDP Education reported that it was resilient during FY26, with revenue only falling by 9% to $795.4 million as low volumes were partly offset by a strong yield performance. It said that its yield improved 11% in student placement and 7% in language testing.

Student placement volumes declined by 27%, language testing volumes dropped by 8%, and language volumes increased by 1%. IDP said it was disciplined with its cost control, with direct costs down 8%. It delivered a $32 million net reduction in its overhead cost base, ahead of its $25 million target.

It also said that its adjusted operating profit (EBIT) of $122.9 million only declined by 7%.

The ASX share is planning for its market volume to drop by 20%-30% in FY27, but it expects revenue outperformance amid a focus on profitable growth and average yield improvements. The student placement and English language testing yields are expected to grow at mid-single-digit percentages.

Cost-cutting is expected to deliver a $15 million reduction in overhead costs.

According to CMC Invest, there have been nine ratings on the business within the last three months. The average price target is $3.08, implying a possible rise of 68% over the next year from where it is at the time of writing.

Zip Co Ltd (ASX: ZIP)

Another ASX share that could be one to watch is Zip, a leading buy now, pay later business.

The company recently reported its results for the 12 months to 30 June 2026, which showed impressive growth. Total transaction value (TTV) grew 27.2% to $16.7 billion, with US TTV higher by 42.5% in US dollar terms.

Total income increased 24.6% to $1.35 billion, cash operating profit (EBTDA) rose 57.9% to $268.9 million and statutory net profit after tax (NPAT) grew 45.7% to $116.4 million. It also announced a $50 million Zip share buyback.

In FY27, the ASX share expects to see US TTV growth of more than 30% in US dollar terms, and cash EBTDA could rise by 26% to $340 million.

According to CMC Invest, there have been six ratings on the business within the last three months. The average price target is $4.28, suggesting a possible rise of 69% over the next year from where it is at the time of writing.

The post 2 ASX shares tipped to grow 60% or more in the next 12 months appeared first on The Motley Fool Australia.

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• How high do UBS and Macquarie think Zip shares will go?

Motley Fool contributor Tristan Harrison 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.