The Develop Global Ltd (ASX: DVP) share price is pushing higher on Thursday after the company announced exceptional drilling results at its Woodlawn copper-zinc mine, supporting its strategy to extend the mine life by 50% to 15 years.

Recent assay results revealed multiple high-grade polymetallic intersections, including up to 15.7% CuEq, and numerous newly identified target zones.

What did Develop Global report?

• Drilling results from Project DM15 showed intersections up to 12.2m at 15.7% copper equivalent (CuEq) from the J Lens.
• Extensions to known mineralisation across several lenses, with standout assays like 14.8m at 8.4% CuEq and 10.6m at 3.3% CuEq (including 4.7m at 6% CuEq) in the N Lens.
• Discovery of gold- and silver-rich mineralised zones, with highlights of 19.7m at 2.6g/t gold and 196g/t silver (10.7% CuEq).
• Updated geological modelling identified several untested high-priority targets, including repeats of historically mined lenses.
• An additional underground drilling rig mobilised to expedite resource expansion under Project DM15.
• First exploration drilling campaign completed at the nearby Currawang Prospect, with assays pending.

What else do investors need to know?

Drilling remains underway at Woodlawn as Develop Global aims to underpin growth in both Resource and Reserve through further high-grade discoveries. The recent intersections not only extend existing mineralisation zones but also suggest the system is larger than previously defined.

The N Lens, which is set to be a key mining area over the next half-year, is showing continuity and high grades, supporting near-term production plans. Meanwhile, the maiden Currawang drilling adds new regional upside, with assay results due soon.

What did Develop Global management say?

Develop Managing Director Bill Beament said:

These exceptional results reveal additional high-grade mineralisation within the existing Resource and also extend the known mineralisation outside the Resource. The extensions to the N lens are particularly outstanding and look like the beginning of a significant extension to the known mineralisation.

The results pave the way for further growth in the Resource and Reserve, which will in turn underpin another update in the mine plan as we push towards Project DM15’s ultimate goal of a 15-year mine life at Woodlawn. The results also provide more evidence that Woodlawn is a much bigger system than previously thought, opening the door to growth in mine life and production rates.

What’s next for Develop Global?

Investors can expect ongoing exploration activity, with two underground drill rigs operating and several high-priority targets set for follow-up work. An updated resource estimate and mine plan update are on the cards as further results come through from Woodlawn and the nearby Currawang Prospect.

The company is focused on expanding both the scale and value of the Woodlawn project, underpinned by strong drilling results and a flexible development approach designed to maximise returns and extend the operation’s life.

Develop Global share price snapshot

The Develop Global share price has smashed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of over 40%.

View Original Announcement

The post Develop Global drills deeper at Woodlawn, targeting big mine life growth appeared first on The Motley Fool Australia.

More reading

• Develop Global awards $275 million Yitirrti plant contract as growth plans advance
• 5 things to watch on the ASX 200 on Wednesday
• Develop Global posts record revenue on Woodlawn gains in June quarter

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 Smartgroup Corporation Ltd (ASX: SIQ) share price is in focus after the company reported record half-year results, with revenue up 13% to $179.5 million and operating EBITDA rising 16% to $73.8 million for H1 2026.

What did Smartgroup report?

• Revenue: $179.5 million, up 13% year-on-year
• Operating EBITDA: $73.8 million, up 16%; margin at 41%, up 1 percentage point
• NPATA and statutory NPAT: $42.4 million, up 11%
• Novated leasing settlements: up 17%
• Battery Electric Vehicle (BEV) new-vehicle orders: up 162% (68% of orders)
• Interim dividend: 21.5 cents per share, fully franked, up 10%

What else do investors need to know?

Smartgroup expanded its automotive partner network nationally during the first half, making novated leasing more accessible and enhancing customer acquisition through dealerships. The group also grew its fleet business, in part by strengthening its partnership with Volkswagen Financial Services, leveraging a capital-light model that combines fleet expertise with third-party funding.

Customer numbers reached new highs — 518,000 active salary packaging customers and 91,600 novated leasing customers by 30 June 2026. Strong BEV demand, ongoing digital investments, and an improved Car Leasing Portal were key contributors to growth. The business maintains a low net debt position (0.2x EBITDA) and generated $50.8 million in operating cash flow.

What did Smartgroup management say?

Scott Wharton, Managing Director and CEO, said:

We are pleased with the Group’s performance in the first half. Smartgroup delivered strong revenue and earnings growth, with revenue increasing 13%, operating EBITDA increasing 16% and EBITDA margin expanding to 41%. The result was supported by continued growth across novated leasing and salary packaging, disciplined execution and the enhanced capability of our platform. Market conditions remained favourable during the period, with strong consumer demand for electric vehicles. Some international factors likely accelerated purchasing decisions and contributed to elevated levels of activity during the half.

What’s next for Smartgroup?

Looking ahead, management sees a supportive environment for growth, underpinned by robust demand for novated leasing, rising interest in electric vehicles, and continued awareness of salary packaging savings. Smartgroup aims to deepen client relationships, expand fleet and novated leasing penetration, and keep modernising its digital platform.

The company is targeting EBITDA margins in the mid-40s during 2027 and plans further investment in digital capabilities and partnerships to capture future mobility and automotive growth opportunities. The capital-light model and strong cash generation continue to support growth and regular fully franked dividends.

Smartgroup share price snapshot

The Smartgroup share price has been among the best performers on the S&P/ASX 200 index (ASX: SIQ) over the past 12 months with a gain of 60%.

View Original Announcement

The post Smartgroup posts record H1 2026 results: earnings jump, dividend up appeared first on The Motley Fool Australia.

More reading

• Here’s what brokers tip for Wesfarmers shares over the next 12 months
• DUG Technology share price sinks 22% on FY26 results
• Objective Corporation share price crashes 18% on FY26 earnings
• Develop Global drills deeper at Woodlawn, targeting big mine life growth
• Centuria Capital Group posts profit growth and record AUM in FY26

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 recommended Smartgroup. 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 Centuria Capital Group (ASX: CNI) share price is in focus today as the company delivered an operating net profit after tax (ONPAT) of $113.8 million and set a new all-time Group assets under management (AUM) record of $22.2 billion for FY26.

What did Centuria Capital Group report?

• FY26 ONPAT: $113.8 million, up from $100.8 million in FY25
• Operating earnings per security (OEPS): 13.6 cents, up 11.5% year on year
• Distribution per security (DPS): 10.4 cents
• Operating EBITDA: $182.5 million
• Group AUM: $22.2 billion, following $1.2 billion in property acquisitions
• Cash and undrawn debt: $445 million; balance sheet gearing at 5.1%

What else do investors need to know?

Centuria strengthened its platform during FY26 by acquiring the Arrow Primary Infrastructure Fund and completing Australia’s largest single-asset industrial fund, as well as its first Sydney CBD office asset in a decade. The Group’s diversification aims to align investments with evolving investor preferences.

ResetData, Centuria’s AI infrastructure joint venture, accelerated its deployment of GPU capacity, signing a deal with CDC Data Centres and securing $165 million in project financing. Management highlighted a 250MW+ pipeline for future data centre expansion, laying groundwork for expected revenue growth from AI and digital services.

A sizeable $300 million equity raise in the second half boosted liquidity, supporting both growth in real estate and scaling the ResetData JV. Centuria’s sustainability focus continued, aiming for 100% renewable electricity and strong employee engagement.

What did Centuria Capital Group management say?

John McBain, Centuria Joint CEO, said:

Centuria’s strong FY26 results are underpinned by the Group’s increased real estate activity over the period. Despite the prevailing economic and geopolitical conditions, these results were delivered through both organic acquisition growth and inorganic growth with the acquisition of the Arrow Primary Infrastructure Fund (“Arrow”), strengthening the diversification and capability of our platform.

What’s next for Centuria Capital Group?

Looking ahead, Centuria has provided FY27 guidance for ONPAT of $130 million, a 14% increase over FY26, and maintains a DPS forecast of 10.4 cents per security. The company expects EBIT to grow around 20%, powered by further real estate acquisitions and expansion of its AI infrastructure operations.

Management believes that the enlarged capital base and continued rollout of ResetData’s powered AI services will drive new customer revenue, with the growth impact expected to be most visible in the latter half of FY27 and into FY28.

Centuria Capital Group share price snapshot

The Centuria Capital 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 45%.

View Original Announcement

The post Centuria Capital Group posts profit growth and record AUM in FY26 appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX 200 shares today
• 2 ASX shares I am close to buying in August
• 2 ASX shares tipped to grow 40% or more in the next 12 months

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.