Yesterday, Genesis Minerals Ltd (ASX: GMD) reported record FY26 earnings, with EBITDA more than doubling to A$952 million and an 81% jump in cash and equivalents to A$520 million. The board also declared its maiden fully franked dividend of 5.0 cents per share.

What did Genesis Minerals report?

• EBITDA up 110% to A$952.4 million (FY25: A$454.1m)
• Underlying NPAT up 147% to A$546.9 million; Statutory NPAT A$601.8 million, including a one-off tax benefit
• Sales revenue rose 89% to A$1,742.4 million
• Gold production up 33% to 285,402 ounces; AISC A$2,670/oz, within guidance
• Cash and equivalents at A$520.1 million, up from A$286.9 million
• Maiden fully franked dividend of A5.0 cents per share
• Acquisition of Magnetic Resources completed, adding the high-grade Lady Julie deposit

What else do investors need to know?

Genesis wrapped up FY26 in a strong financial position, having completed the acquisition of Magnetic Resources for A$447 million in cash and 28 million shares. This move expanded the company’s gold resources and strengthened its foothold in WA’s Laverton region.

Growth-related project and exploration spending (excluding acquisitions) totalled A$275 million, including key developments at Tower Hill and Ulysses. Genesis also upsized its corporate finance facility to A$300 million during the year and repaid earlier drawn debt.

Maiden dividends mark a milestone, rewarding share owners for the company’s transformation since starting gold production in 2023. The planned merger with Vault, on track for completion in November 2026, is expected to double Genesis’s annual production to over 600,000 ounces and create a top-tier gold company globally.

What did Genesis Minerals management say?

Executive Chairman Raleigh Finlayson said:

These outstanding financial results reflect the strength of our exceptional asset base and our overarching commitments to safety, growth and meeting targets… In light of this result and the outlook for strong ongoing cash generation, we have declared a maiden fully franked dividend of 5.0c per share. We believe this strikes the right balance between ensuring we are well capitalised to take advantage of growth opportunities while also returning cash to shareholders.

What’s next for Genesis Minerals?

Looking ahead, Genesis plans to finalise its merger with Vault, targeting completion by November 2026. The combined group expects to unlock around A$2 billion in post-tax synergies over the next decade, creating a major player in the global gold sector.

A formal strategic plan for the merged entity is set for release in the first half of 2027. This will provide fresh production and cost guidance, alongside a new capital management framework—including future dividend policy. For FY27, Genesis is guiding standalone gold production of 270,000–300,000 ounces at slightly increased all-in sustaining costs, with additional spending on growth and exploration.

Genesis Minerals share price snapshot

Over the past 12 months, Genesis Minerals shares have risen 88%, significantly outperforming the All Ordinaries Index (ASX: XAO).

View Original Announcement

The post Genesis Minerals FY26 earnings: profit, growth, maiden dividend 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.

Three popular ASX shares have released important results to the ASX over the last few days:

• Whitehaven Coal Ltd (ASX: WHC)
• Bega Cheese Ltd (ASX: BGA)
• Temple & Webster Group Ltd (ASX: TPW). 

Bega Cheese shares enjoyed big gains on the back of positive results. 

Meanwhile, Whitehaven Coal and Temple and Webster results seemingly left investors hoping for more. 

Full results for each can be found here: 

• Whitehaven Coal Results
• Bega Cheese Results
• Temple and Webster Results.

Following the releases, brokers have been quick to update their guidance on these ASX shares. 

Here’s the latest guidance. 

Temple & Webster gets a big downgrade 

Bell Potter released updated guidance on Temple & Webster shares following the results. 

The brokers’ view is that Temple & Webster’s FY26 revenue came in at the bottom of its $665–675m guidance range, while EBITDA was towards the top end. 

However, FY27 has started weakly, with checkout revenue growth of only 13% compared with a challenging +28% prior-year comparison. Despite this, contribution margin has remained resilient at around 17% of revenue.

Bell Potter expects EBITDA margins to fall from the ~6% achieved in 4Q26 as lower revenue reduces fixed-cost leverage. Temple & Webster has also lowered its FY27 EBITDA guidance to $33-40m from the previously targeted $40m. 

Based on this guidance, the broker has a hold recommendation and lowered its price target to $4.50 (previously $7.00). 

Bega keeps on booming 

Bega shares rocketed 10% on earnings results, and Bell Potter is optimistic the growth can continue. 

The broker highlighted the strong revenue, EBITDA and NPAT growth in the latest results. 

Bell Potter retained its buy recommendation and raised its price target to $8.05 (previously $7.75). 

This indicates an upside of 21% from current levels. 

Trading at 10.5x FY26e EBITDA, BGA is at a reasonable discount to listed FMCG and Dairy exposures globally, while offering compound double digit EPS growth through to FY29e.

Whitehaven Coal shares fairly valued

Whitehaven Coal shares have experienced significant volatility over the last 12 months, and the team at Morgans see little upside moving forward. 

The broker said the company delivered a mixed result, with EBITDA broadly in line with consensus expectations, although underlying NPAT missed slightly. 

A 6c dividend was declared, consistent with consensus. The effects of poor coal prices in the 1H provided a significant headwind for the full-year result. FY27 guidance was softer than expected, with production growth appearing limited given the unchanged upper end of group guidance, while both costs and capital expenditure expectations have moved higher. 

We move to a HOLD rating (previously BUY) due to recent share price strength and valuation updates, with a reduced target price of A$8.05ps (previously A$8.50)

Whitehaven Coal shares closed trading yesterday at $7.63 each. 

The post Buy, hold, sell: Bega Cheese, Temple & Webster and Whitehaven Coal shares after results 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 Temple & Webster Group. The Motley Fool Australia has recommended Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Shares in Universal Store Holdings Ltd (ASX: UNI) are being flagged as a buy by brokers, and one is tipping that the already healthy dividend will continue to increase in the coming years.

Solid profit result underpins strong dividend flows

The youth wear retailer on Thursday reported full-year sales of $376.1 million, up 12.9% on the previous year, and an underlying net profit of $40.5 million, up 16.3%.

A fully-franked final dividend of 17 cents per share was declared, bringing the full-year dividend payout to 43 cents per share, for a dividend yield of 5.3%.

Group Chief Executive Officer Alice Barbery said regarding the result:

The team delivered another strong full year result, with robust sales and gross margin growth. This performance reflects the continued excellence in providing our customers with on-trend products, a service-oriented experience and engaging communications. The Group is well positioned heading into FY27. Our observation is that our customer remains willing to spend on quality, on-trend clothing from brands they love. As always, we continue to focus on cost discipline as we invest in our team and system capability to support future growth.

Within the Universal Store stores, the company’s private brands accounted for 51% of sales, while “a strong assortment of third-party brands continues to be a key element of presenting customers with an on-trend offering”.

So far in FY27, total sales are up 9.1% on the same period last year.

Universal Store said it intends to open 16 to 20 stores during the year, comprising nine to 10 Universal Store stores, six to eight Perfect Stranger stores, and one to two Thrills stores.

Brokers say Universal Store shares are looking cheap

UBS said the company’s earnings were higher than consensus estimates and at the top end of guidance.

They said like-for-like sales so far this year were “pleasing in Universal Store and very strong in Perfect Stranger given the tough previous corresponding period”.

UBS has a price target of $9 on Universal Store shares compared to $8.07 at the time of writing.

The broker is also forecasting that the dividend yield will increase each year out to FY30, when it will be 8.7%.

RBC Capital Markets said Universal’s result was good, “with clean beats on all metrics”.

The broker added that the company’s gross margin outlook looks good and the balance sheet is strong.

They added:

We have no concern over management flexibility to fund the FY27 store rollout.

RBC has a price target of $9.50 on Universal Store.

Universal Store is valued at $540.9 million.

The post This retailer’s dividend yield could top 8% in coming years: Broker appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England 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 Universal Store. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.