The Regal Partners Ltd (ASX: RPL) share price is in focus today after the specialist alternatives manager reported normalised NPAT of $93.3 million for the half, more than doubling the previous year. Funds under management rose to $21.4 billion, supported by record net inflows.

What did Regal Partners report?

• Normalised 1H26 net profit after tax (NPAT) of $93.3 million, up 108% on the prior period
• Statutory 1H26 NPAT of $94.1 million, up 258%
• Funds under management at $21.4 billion as at 30 June 2026, with net inflows of $1.4 billion
• Normalised fully diluted earnings per share of 21.4 cents, up 104%
• Fully franked interim dividend of 12 cents per share declared for 1H26
• Balance sheet with approximately $290 million in capital post-dividend

What else do investors need to know?

Regal Partners recorded its eleventh straight quarter of positive net inflows, reflecting ongoing demand for its products and increased offshore interest, particularly from North America. The strong first-half result was underpinned by performance fees of $118.7 million across multiple investment strategies.

The company also announced it will launch a new Multi-Strategy Income Fund in September 2026 to meet rising demand for income-oriented investment options. In addition, Regal will establish an Investment Committee to enhance governance and oversight as the business continues to expand its range of alternative strategies.

What did Regal Partners management say?

CEO & Managing Director Brendan O’Connor said:

I am pleased to report another strong set of results for Regal Partners for the first half of 2026, with normalised NPAT more than doubling the 1H25 outcome, and continued momentum across our diversified alternative investment platform, including a record $1.4 billion in net client inflows. FUM flows included a significant contribution from our North American client base, highlighting the growing scale of our offshore business, which now represents over a quarter of Regal’s $21.4 billion in funds under management.

“Our balance sheet remains exceptionally strong, with approximately $290 million in capital post the payment of the fully franked 12cps dividend announced today, alongside our undrawn $130 million bank facility. This provides us with significant financial flexibility…Looking ahead, we remain confident in the future growth potential of the business, underpinned by our increasingly diversified investment capabilities, strong track record of performance, and highly experienced team. We remain focused on delivering superior outcomes for our clients while continuing to build sustainable long-term value for our shareholders.

What’s next for Regal Partners?

Regal Partners is set to launch its Multi-Strategy Income Fund next month to capitalise on growing investor appetite for income products amid a shifting economic landscape. The company also aims to further globalise its client base and evolve its investment governance, replacing the Chief Investment Officer structure with a new Investment Committee framework.

Management’s focus remains on expanding the alternatives platform, strengthening oversight, and building on the company’s strong momentum to support sustainable long-term growth for both clients and shareholders.

Regal Partners share price snapshot

Over the past 12 months, Regal Partners shares have declined 1%, slightly trailing the All Ordinaries Index (ASX: XAO), which is flat over the same period.

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The post Regal Partners 1H26 earnings: Profit surges, FUM hits record high 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 Stanmore Resources Ltd (ASX: SMR) share price is in focus after the company reported a 13% lift in first-half coal sales revenue to US$978 million and steady saleable production of 6.5 million tonnes.

What did Stanmore Resources report?

• Coal sales revenue rose 13% to US$978 million (1H FY25: US$867 million)
• Underlying EBITDA increased to US$174 million, US$27 million higher than last year
• Net loss after tax of US$44 million, narrowing from a US$51 million loss
• Positive cash flow from operations of US$176 million (up from US$151 million)
• No interim dividend for 1H FY26
• Net debt reduced to US$72 million, supported by ongoing free cash flow

What else do investors need to know?

Stanmore Resources delivered consistent production in the first half despite record rainfall in January, thanks to strong operational performance at South Walker Creek and Poitrel. The business maintained its safety record, with a serious accident frequency rate of 0.51.

After the half-year, Stanmore successfully refinanced its corporate debt, lifting the facility to US$250 million and removing scheduled term repayments. This strategic move lowers funding costs and gives the company flexibility to invest in growth projects like the Isaac Downs Extension, which reached the Environmental Impact Statement milestone in June.

What did Stanmore Resources management say?

Chief Executive Officer & Executive Director Marcelo Matos said:

Our operations delivered a safe and resilient first-half performance. Production was consistent with the prior corresponding period, despite a lower planned full-year production profile. With routine maintenance and an investment in stripping South Walker Creek complete, strong results from Poitrel, Isaac Plains Complex performing to plan, and overall healthy closing inventories, the business is well positioned to deliver on its reaffirmed full year Guidance. Free cash flow remained positive over the period, underpinned by increased earnings compared to the prior year from improved market conditions… The refinancing completed after the half-year end has reset our capital structure by lowering funding costs and removing scheduled term debt repayments. This provides greater capital allocation flexibility following a period of elevated reinvestment in the business, and positions Stanmore to advance its high-quality development portfolio.

What’s next for Stanmore Resources?

Stanmore has reaffirmed its full-year 2026 guidance, expecting production to be weighted toward the second half. The ramp-up at South Walker Creek and strong inventories are set to support production at the upper end of guidance. Capital expenditure remains on track, with the company’s strategic focus now turning to advancing its development pipeline and maximising value from recent investments, including the Isaac Downs Extension.

While no interim dividend was declared this half, Stanmore’s stronger balance sheet and ongoing free cash flow position it well to deliver on growth plans and maintain flexibility in capital allocation.

Stanmore Resources share price snapshot

Over the past 12 months, Stanmore Resources shares have risen 30%, outperforming the All Ordinaries Index (ASX: XAO), which is flat over the same period.

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The post Stanmore Resources posts higher revenue and steady production in 1H FY26 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 Endeavour Group Ltd (ASX: EDV) share price is in focus today after announcing full-year sales of $12.2 billion, up 1.3%, but a sharp 87.8% drop in statutory NPAT to $52 million.

What did Endeavour Group report?

• Total group sales of $12.2 billion, up 1.3% year-on-year
• Group underlying EBIT of $845 million, down 8.7% from FY25
• Underlying NPAT of $363 million, down 14.8%
• Statutory NPAT of $52 million, down 87.8% reflecting significant items
• Fully franked final dividend of 1.2 cents per share (full-year payout ratio 59%)
• Cash realisation of 93%; net debt increased to $1.9 billion

What else do investors need to know?

Endeavour Group’s retail sales momentum improved over the year, with Dan Murphy’s and BWS seeing a combined sales lift of 1.0%. Online sales jumped 34.8% to $1.1 billion, now 11.6% of total retail sales. The business invested in lower shelf prices and competitive promotions, which weighed on gross profit margins.

Hotels delivered 4.2% sales growth, with renewed venues and 2,000 new gaming machines helping boost customer experience. The Hotels segment’s EBIT rose 4.1% as guest satisfaction scores improved, and accommodation revenue was up a strong 9.3%.

Management reaffirmed a $300 million cost-out target by FY29, with plans for further transformation in both the retail and hotels businesses. Net debt rose due to higher capital expenditure and lower profits.

What did Endeavour Group management say?

Commenting on the results, Endeavour’s CEO, Jayne Hrdlicka, said:

The F26 full year result reflects a period where the Group started to implement the actions required to execute its strategy and realise the potential of our portfolio of Retail and Hotel assets… Sales momentum in Retail is building with customers responding positively to our renewed focus on value and price leadership. Following the introduction of lower shelf prices in Dan Murphys at the end of Q1 F26, and the decision to lift our promotional competitiveness and value orientation across both Dan Murphyʼs and BWS, our Retail business is consistently gaining share, delivering 10 consecutive months of sales growth.

The Hotels portfolio will go through significant transformation in F27 to simplify the way we operate, deliver targeted investment in renewals and generally improve guest experiences. F27 will be a year of investment for the Group as we continue to execute the key initiatives required to transform all aspects of the business and establish a platform for sustainable future earnings growth.

What’s next for Endeavour Group?

Looking ahead, Endeavour expects a year of investment in FY27, especially in its hotels portfolio, with up to 75 renewals and approximately 1,900 new gaming machines planned. Retail sales momentum has continued into the new year, but the group notes the outlook for consumer spending remains uncertain due to higher living costs and macroeconomic uncertainty.

The company has reaffirmed its focus on simplicity, value, and customer experience, while targeting further cost reduction. Capital expenditure for FY27 is guided between $550 million and $650 million, supporting digital transformation and network upgrades.

Endeavour Group share price snapshot

The Endeavour Group share price has been struggling versus the S&P/ASX 200 index (ASX: XJO) over the past 12 months, declining almost 20%.

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The post Endeavour Group FY26 profit tumbles despite sales growth appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Endeavour Group. 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.