Treasury Wine Estates Ltd (ASX: TWE) shares are pushing higher today.

Shares in the S&P/ASX 200 Index (ASX: XJO) global wine company closed yesterday trading at $5.60. In morning trade on Thursday, shares are changing hands for $5.62 apiece, up 0.4%.

For some context, the ASX 200 is up 0.5% at this same time.

If you’ve been following along with the wine stock, you’ll know it’s been struggling for some time now, particularly with its United States markets.

That’s seen investors exiting the stock, leaving Treasury Wine shares down 29.5% over 12 months.

However, the last five months have seen a remarkable turnaround.

After plumbing a one-year closing low of $3.37 a share on 26 March, the ASX 200 stock has now surged 66.8% from those lows.

And according to Wealth Within senior analyst Filip Tortevski, the rally could have much further to run.

Can Treasury Wine shares reclaim the $10 mark?

Treasury Wine released its full-year FY 2026 results on 13 August.

While net sales revenue over the year increased by 12.8% to $2.6 billion, the company posted a statutory net profit after tax (NPAT) loss of $1.08 billion, impacted by $1.31 billion in post-tax material items.

Despite the loss, Treasury Wine shares closed up 4.9% on the day.

Commenting on those results and share price moves, Tortevski said:

Treasury Wine Estates’ FY26 result … wasn’t pretty, but the market’s reaction tells us something far more interesting.

TWE initially sold off after reporting a $1.08 billion statutory loss, with earnings from its Americas business falling 61.4%, but buyers quickly stepped in, pushing the stock back into positive territory and, importantly, above where it was trading after Monday’s announcement of its major US reset.

On Monday, 10 August, Treasury Wine announced an additional $558.4 million post-tax non-cash write-down on its US assets, with the company undertaking a strategic review of its Americas business.

“America has been a problem for TWE for years, but management is finally making the tough calls, cutting excess capacity, reducing production and inventory and reassessing what the US business should look like,” Tortevski said.

He added:

For TWE, what’s even more interesting is that buyers didn’t just turn up [following the earnings announcement]. TWE’s share price has been steadily rising for around two months, well before these announcements landed. The market was already starting to price in something better, and [last week’s] reaction only adds to that.

So, does the rally in Treasury Wine shares have legs?

According to Tortevski, it appears so.

He noted:

There’s also plenty of room above. This was a $15-plus stock only a few years ago, so if management can finally get America under control while continuing to grow Penfolds in China, a move back towards $10 over the next few years isn’t out of the question.

$10 a share would represent a potential 80% upside from current levels.

“Sometimes the biggest opportunity isn’t finding the next growth story. It’s fixing the one the market has already given up on,” Tortevski concluded.

The post Up 67%! Why the rebound in Treasury Wine shares may just be getting started appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben 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 Treasury Wine Estates. The Motley Fool Australia has positions in and has recommended Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Viridis Mining and Minerals Ltd (ASX: VMM) share price is in focus after the company secured up to US$120 million (about AU$170 million) in new strategic equity funding to fully address its equity requirements for the flagship Colossus Project, following the completion of its Definitive Feasibility Study.

What did Viridis Mining and Minerals report?

• Secured commitments for up to US$120 million (~AU$170 million) in strategic equity funding before costs
• Combined with existing cash and undrawn facilities, identified equity funding totals approximately US$154 million, exceeding the US$135 million indicative equity requirement for Colossus
• One Investment Management to invest up to US$75 million across two tranches, becoming a key institutional investor
• ORE Investments Ltda. and Régia Capital Ltda. accelerated their next US$5 million tranche with a further US$20 million available
• US$40 million raised from a select group of mostly Brazilian institutional investors
• Placement issue price of AU$3.79 per share, representing a 10% discount to last close

What else do investors need to know?

Viridis now has a clear pathway to deliver the Colossus Project, with sufficient equity identified and strong support from both international and domestic investors. The company plans to use these funds to launch key activities, including project execution tasks like appointing the EPCM contractor and placing orders for long-lead equipment.

The company’s project financing structure will target 70% senior debt and 30% equity, with debt funding discussions well advanced and support letters in place from Export Finance Australia, Export Development Canada, and Bpifrance. Advanced negotiations with the Brazilian National Bank and other agencies also provide multiple options to support project development.

What did Viridis Mining and Minerals management say?

Managing Director Rafael Moreno said:

This is a significant achievement for Viridis. Following completion of the DFS, we have now secured sufficient funding sources to fully address the indicative equity requirement for Colossus, materially de-risking the Project’s funding pathway as we transition into execution.

We are very pleased to welcome OneIM as a cornerstone institutional investor, alongside the continued support of ORE/Régia and a select group of strategic investors. Importantly, the majority of the Placement capital has been raised from leading Brazilian investors, demonstrating strong domestic conviction in Colossus and alignment with our strategy to maximise rare earth industrialisation and downstream capability in Brazil.

With the equity requirement addressed, our focus is now firmly on execution, finalising binding offtake and senior debt, appointing the EPCM contractor and placing orders for key long-lead equipment. With the DFS complete, funding significantly de-risked and strong strategic partners alongside us, we are very well positioned to advance Colossus through FID and into construction.

What’s next for Viridis Mining and Minerals?

Viridis is focused on moving the Colossus Project from DFS into execution. Top priorities include finalising binding offtake agreements, securing the senior debt package, and commencing construction activities. The company’s strong funding position should help de-risk these critical next steps.

The board is working towards a Final Investment Decision in the fourth quarter of 2026. Plans also include ongoing optimisation at its demonstration plant, progressing environmental approvals, further exploration, and drilling around the existing resource.

Viridis Mining and Minerals share price snapshot

Over the past 12 months, Viridis Mining and Minerals shares have risen more than 200%, far outpacing the All Ordinaries Index (ASX: XAO).

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The post Viridis Mining and Minerals secures US$120m equity to fund Colossus project 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 Perpetual Equity Investment Company Ltd (ASX: PIC) share price is in focus today after the company reported a net profit after tax of $12.1 million for FY26 and declared a fully franked full-year dividend of 8.0 cents per share, consistent with the previous year.

What did Perpetual Equity Investment Company report?

• Net profit after tax (NPAT): $12.1 million for FY26
• Fully franked full-year dividend: 8.0 cents per share, matching FY25
• Dividend yield: 6.8%, grossed-up yield of 9.7% based on a share price of $1.18
• Profit reserve: $63 million, providing 2.0 years of dividend coverage
• 5-year investment performance: 5% p.a. (NTA, post-fees, pre-tax)

What else do investors need to know?

Perpetual Equity Investment Company will move from paying semi-annual dividends to monthly dividends, with the first scheduled for December 2026—subject to Board approval. This change aims to give shareholders, especially those focused on regular income, timelier access to profits.

For FY26, the Company’s portfolio returned 2.8%, trailing the S&P/ASX 300 Accumulation Index’s 6.2%. At 30 June 2026, the portfolio held 77.9% in Australian listed securities, 15.6% in global listed securities, and 6.5% in cash.

What did Perpetual Equity Investment Company management say?

PIC Chairman Nancy Fox AM stated:

We are pleased to deliver another year of strong fully franked dividend income for PIC shareholders. The total FY26 dividend of 8.0 cents per share equates to an annual dividend yield of 6.8% and grossed up yield of 9.7%. This compares favourably to the dividend yield of the S&P/ASX 300 Accumulation Index which was 3.1% as at 30 June 2026. Earlier this month, we announced that PIC will transition from semi-annual to monthly dividend payments… The Board remains focused on prudent capital management to ensure the overall position of the Company remains strong.

What’s next for Perpetual Equity Investment Company?

Looking ahead, the move to monthly dividends is expected to appeal to income-focused investors. The Board plans to maintain a strong focus on capital management and dividend sustainability, backed by a sizable profit reserve.

Management’s disciplined approach will continue to prioritise high-quality businesses, with a view to navigating ongoing market volatility and seeking out value opportunities for shareholders.

Perpetual Equity Investment Company share price snapshot

Over the past 12 months, Perpetual shares have declined 5%, trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

View Original Announcement

The post Perpetual Equity Investment Company delivers FY26 profit and steady dividend appeared first on The Motley Fool Australia.

More reading

• Viridis Mining and Minerals secures US$120m equity to fund Colossus project
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• WCM Global Growth earnings: Profit lifts dividend and outlook
• Transurban Group chosen for landmark US$24.8bn Tennessee toll road project

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.