The Kelsian Group Ltd (ASX: KLS) share price is in focus after the company announced that SeaLink Rottnest will no longer be sold as part of its planned $161 million Tourism Portfolio transaction. The original deal with Journey Beyond has now been revised, with the remaining Tourism Portfolio considered for sale at $145.8 million.

What did Kelsian Group report?

• SeaLink Rottnest has been removed from the assets to be divested to Journey Beyond.
• The revised agreed consideration for the Tourism Portfolio sale is $145.8 million.
• Sale completion remains subject to ACCC and FIRB approvals and other conditions.
• Kelsian continues to operate SeaLink Rottnest as a standalone, profitable commuter ferry business.

What else do investors need to know?

Kelsian’s decision means SeaLink Rottnest will stay within the group, continuing to operate alongside other marine ferry services across Australia. This adjustment follows feedback in the regulatory approval process and aims to strengthen the case for ACCC approval of the remaining transaction.

The sale of the updated Tourism Portfolio, valued at $145.8 million, is still subject to standard regulatory and contractual consents. Kelsian is working with Journey Beyond to satisfy these conditions and expects the sale process to complete in the first half of FY27.

What did Kelsian Group management say?

Kelsian Group CEO, Graeme Legh said:

SeaLink Rottnest is a profitable standalone, commuter ferry business with a strong brand. Kelsian intends to continue to operate SeaLink Rottnest alongside its other marine ferry operations across Australia, including the Transperth commuter ferry operation in Western Australia, which was not part of the original Tourism Portfolio sale

Having removed SeaLink Rottnest from the transaction perimeter, we are confident we have a compelling case for ACCC approval of the remaining Tourism Portfolio transaction. We continue to expect the sale to complete in 1HFY27.

What’s next for Kelsian Group?

Looking ahead, Kelsian remains focused on finalising the Tourism Portfolio divestment, minus SeaLink Rottnest, as well as maintaining and growing its ferry operations. Keeping SeaLink Rottnest allows Kelsian to further leverage its strong position in marine transport, supporting the group’s broader strategy.

The company will continue to work closely with regulators and partners to achieve all required approvals and deliver value to shareholders through its refreshed portfolio.

Kelsian Group share price snapshot

Over the past 12 months, Kelsian Group shares are flat, slightly trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post Kelsian Group updates Tourism Portfolio sale, retains SeaLink Rottnest 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 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 Lovisa Holdings Ltd (ASX: LOV) share price is in focus after the company posted full year revenue of $938.8 million, up 17.6%, and net profit after tax rising 10.7% to $95.6 million.

What did Lovisa Holdings Limited report?

• Total revenue increased 17.6% to $938.8 million
• Comparable store sales rose 2.0%
• EBIT grew 14.1% to $158.2 million
• Net profit after tax climbed 10.7% to $95.6 million
• Operating cash flow up 21.0% to $294.5 million
• Full year dividend increased 11.7% to 86 cents per share

What else do investors need to know?

Lovisa opened 160 new stores during the period, finishing the year with a total of 1,136 stores across more than 50 markets. Store expansion was strongest in Europe, with 76 new stores including 34 in the UK and 20 in Germany.

The company closed 43 underperforming stores and relocated 12, signalling ongoing focus on store profitability and optimisation. Investment continued in technology, supply chain, and global retail operations to support expansion, all fully funded by existing cash flows.

What did Lovisa Holdings management say?

Lovisa’s Global Chief Executive Officer, John Cheston, said:

Lovisa has once again been able to deliver strong global sales and profit growth, with the highlights being continued growth in the Americas and Europe and another exceptional Gross Margin performance. I would like to share my appreciation to the global team for their hard work in delivering these outstanding results and continuing the global momentum of the business.

What’s next for Lovisa Holdings?

Looking ahead to FY27, Lovisa reported a solid start with total sales up 16.4% (on a constant currency basis) and comparable store sales up 3.0% in the first 8 weeks. The company aims to keep expanding its physical and digital presence, supported by a strong balance sheet and steady cash flows.

Management says they remain focused on store rollout momentum, particularly in both established and new markets, with structures in place to drive growth and enhance shareholder returns.

Lovisa Holdings share price snapshot

The Lovisa share price has been among the worst performers on the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of 33%.

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The post Lovisa Holdings FY26 earnings: Profit and sales keep growing appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Lovisa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lovisa. The Motley Fool Australia has recommended Lovisa. 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.

Three ASX shares have received fresh buy ratings from the team at Bell Potter following earnings results. 

In good news for prospective investors, price targets now indicate almost 50% upside. 

Here is what the broker had to say. 

Cedar Woods Properties Ltd (ASX: CWP)

The Australian property development company reported its full-year results yesterday.

Overall, the broker believes Cedar Woods delivered a stronger-than-expected FY26, with NPAT growth of 36%, ahead of its 30% to 35% guidance. 

Management guided to 15% NPAT growth in FY27, well above Bell Potter’s prior 7.3% forecast and consensus at 7.9%.

CWP is well placed to weather a weaker residential sales environment with FY27 and FY28 revenues 90% and c. 40% (BPe) de-risked, as well as modest gearing (18%). Beyond FY27, we see +5.9% NPAT growth in FY28 as settlement volumes continue to grow and margins remain broadly steady.

Based on this guidance, Bell Potter retained its buy recommendation and increased its price target to $9.80 (previously $9.30). 

From current levels, this indicates an upside potential of roughly 27% for these ASX shares.  

GenusPlus Group Ltd (ASX: GNP)

GenusPlus Group is an Australian infrastructure services provider specialising in the end-to-end design, construction, and maintenance of electrical transmission networks, substations, battery energy storage systems, and telecommunications infrastructure.

The company released full-year results yesterday, which included record revenue of $1.281 billion, surging 70.5% year on year, and normalised EBITDA of $100.8 million, up by nearly 50%.

The team at Bell Potter viewed the result as largely positive, with recurring revenue set to rise sharply to $764 million, a $2.2 billion orderbook, and $3.6 billion tender pipeline, while the balance sheet strengthened significantly to $380 million net cash.

GNP enters FY27 with a materially higher tender pipeline of $3.6b (vs $2.6b at 31December 2025) across the transmission, BESS, rail and wind development markets. GNP’s FY27 PE of 17.9x is undemanding; we see potential for a re-rate towards 20-22x in the short-term, a justified premium to the peer group average.

The broker retained its buy recommendation on these ASX shares, and has a $12.80 price target, indicating 47% upside from current levels. 

Propel Funeral Partners Ltd (ASX: PFP)

Propel Funeral Partners also reported full-year results yesterday.

The company posted FY26 revenue of $226.6 million, and declared a fully-franked final dividend of 6.9 cents per share.

Bell Potter said this came in at the mid-point of the guidance. 

The broker has retained its buy recommendation, and now has a $3.70 price target on these ASX shares. 

This indicates 16% upside from current levels. 

The post Three ASX shares set to rise up to 47% – Expert appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Bell 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 GenusPlus Group. The Motley Fool Australia has recommended Cedar Woods Properties and GenusPlus Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.