Author: openjargon

The Beacon Lighting Group Ltd (ASX: BLX) share price is up 14% to $1.98 on Thursday after the company posted 3.4% higher revenue of $340 million, but an 8.1% dip in net profit after tax to $27 million for FY26.

What did Beacon Lighting Group report?

• Revenue rose 3.4% to $340 million
• Net profit after tax decreased 8.1% to $26.99 million
• Final dividend declared at 3.4 cents per share, fully franked
• Net tangible assets per share increased to 77.5 cents (up from 73.8 cents last year)
• Dividend reinvestment plan was suspended during the year

What else do investors need to know?

Beacon Lighting maintained revenue growth despite the tougher retail environment, although profit was softer compared to last year. The final fully franked dividend adds to earlier payments, reflecting the company’s continued commitment to shareholder returns.

The company’s dividend reinvestment plan was suspended in FY26. There were no new entities acquired and no changes to joint ventures or associates during the year.

What’s next for Beacon Lighting Group?

Beacon Lighting is likely to remain focused on growing revenue and improving profitability, while adapting to any shifts in the retail sector. Investors will be watching closely to see how management navigates changes in consumer demand and whether the company resumes its dividend reinvestment plan in future.

Management’s continued focus on balanced growth and capital management can play a key role in supporting long-term shareholder value.

Beacon Lighting Group share price snapshot

The Beacon Lighting share price is still down around 45% despite today’s impressive gain. This compares unfavourably to a 1.2% gain from the S&P/ASX 200 index (ASX: XJO).

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The post Beacon Lighting Group share price jumps 14%: FY26 profit drops despite higher sales appeared first on The Motley Fool Australia.

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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.

As you’re likely aware, on Wednesday, the Australian Bureau of Statistics (ABS) released the latest Australian inflation data for the year to July at 11:30am AEST.

And many investors buying ASX shares chose that moment to reach for their sell buttons.

Indeed, at 11:30am, the S&P/ASX 200 Index (ASX: XJO) was up a healthy 0.8%. By the time the closing bell rang, the ASX 200 was down 0.4%.

Much of that selling pressure came as investors fear that stubborn inflation levels will lead to yet another interest rate hike from the Reserve Bank of Australia (RBA) in 2026.

That’s because headline inflation of 3.5% for the year to July came in materially higher than consensus expectations of 3.3%.

And trimmed mean inflation – which takes out certain volatile items, like automotive fuel and is the RBA’s preferred gauge – remained stuck at 3.6%, and was up 0.5% for the month of July. The trimmed mean figure also exceeded consensus expectations. And it remains well above the RBA’s target inflation range of 2% to 3%.

Now ASX share investors have already had to endure three RBA interest rate increases in 2026. Although the central bank kept rates on hold at 4.35% at its last two meetings, this still sees the cash rate back at its 2024 peak, and matching the highest levels seen since 2011.

So, what can ASX investors expect from interest rates now?

What the experts are saying on Aussie inflation and the RBA’s interest rate path

Josh Gilbert, lead analyst for APAC at eToro, said that the trimmed mean inflation figure is what’s likely to worry RBA governor Michele Bullock.

Gilbert noted:

It suggests underlying price pressures are not easing quickly enough, despite three rate hikes this year and a labour market that is beginning to soften. The board paused in August because it wanted more evidence, and this is not the evidence it was hoping for.

The trimmed mean has now sat at 3.5% or above for three months running, after holding at 3.3% in February and March. That number isn’t drifting back towards the 2-3% target band, it’s moving away from it.

He added that another interest rate hike isn’t locked in for ASX share investors yet.

“One hotter print does not make another hike inevitable, particularly with unemployment rising to 4.5%,” he said.

However, Gilbert added, “The RBA has repeatedly warned it will act if inflation looks like becoming embedded, and this read today will have the board feeling a little nervous.”

CreditorWatch chief economist Ivan Colhoun sounded a more bearish note on the RBA’s next interest rate move following the latest ABS data.

According to Colhoun:

It really leaves the RBA board no option but to raise Australian interest rates further at the upcoming September board meeting. The board is dealing not with upside inflation risks and cost pressures, but with upside inflation reality.

And we’ll leave off with Commonwealth Bank of Australia (ASX: CBA) economist Belinda Allen (quoted by The Australian Financial Review).

“We judge the broad-based upside surprise in the July CPI as having crossed that threshold and materially increased the likelihood of another RBA hike,” she said.

Stay tuned!

The post Buying ASX shares? Here’s what the latest inflation data means for interest rates 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 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.

The Waypoint REIT Ltd (ASX: WPR) share price is on the move today after posting distributable EPS of 8.59 cents, up 3.4% on the prior period, and announcing a quarterly distribution per security of 8.50 cents, a 3.2% increase.

What did Waypoint REIT report?

• Distributable earnings per security (DEPS): 8.59 cents, up 3.4% vs 1H25
• Distribution per security: 8.50 cents, up 3.2% vs 1H25
• Statutory net profit: $65.8 million ($71.3 million lower than 1H25, due to lower property revaluations)
• Portfolio valuation uplift: $10.7 million, with book value at $2.86 billion
• NTA per security: $2.92, up 0.7% since December 2025
• Gearing: 32.4%, at the lower end of target range

What else do investors need to know?

Waypoint REIT reported that all FY26 lease expiries have now been resolved, with 26 of 28 leases renewed or extended, achieving a strong 97% retention rate and an average rental reversion of 10.3%. The business completed a major refinancing during the half, issuing a new $250 million, 6-year medium term note and repaying the same amount of bank debt, further strengthening its debt profile.

The company also highlighted asset sales, including the settlement of the Nowra property for $6.1 million, and continued progress on its OTR conversion program, with 19 conversions completed—all funded by Viva Energy Australia, their major tenant. Management reaffirmed prioritisation of prudent capital management, strong hedging, and maintaining high occupancy (currently 99.9%).

What’s next for Waypoint REIT?

Looking ahead, Waypoint REIT has reaffirmed full-year guidance for distributable earnings per security at 17.14 cents, a 3% increase over FY25. The company expects quarterly distributions to increase to 4.32 cents per security in the second half of FY26, reflecting a 100% payout ratio.

Management will continue to focus on optimising debt facilities, progressing non-core asset sales (targeting $10–20 million in 2H26), and engaging on upcoming lease expiries in 2027. The outlook remains cautious on transaction activity, with interest rates still the key driver of market sentiment.

Waypoint REIT share price snapshot

Waypoint REIT shares have underperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of 5.5%.

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The post Waypoint REIT posts distributable earnings growth and confirms FY26 outlook appeared first on The Motley Fool Australia.

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• Own Qantas shares? Here’s how much the latest dividend will pay
• Horizon Oil FY26 results: Record production and expanding platform
• Omni Bridgeway share price falls after profit drops 89% in FY26
• 2 ASX mining shares Shaw and Partners says could return 150% to 250%

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.

Qantas Airways Ltd (ASX: QAN) shares are moving higher on Thursday after the airline released its FY26 results.

At the time of writing, the Qantas share price is up 2.71% to $9.47.

The result was a mixed one, with revenue rising but profit falling as the Middle East war pushed fuel costs higher.

For income investors, though, one part of the result that may stand out is the latest dividend.

So, how much will Qantas shareholders receive?

Qantas delivers another fully-franked dividend

Qantas has declared a fully-franked final dividend of 19.8 cents per share, with around $300 million set to be returned to shareholders.

This matches the 19.8 cent interim dividend paid earlier this year and takes the company’s FY26 base dividends to 39.6 cents per share.

That’s 20% higher than the 33 cents in base dividends paid in FY25.

However, shareholders also received a 19.8-cent special dividend last year, which took the total FY25 payout to 52.8 cents per share.

At the current Qantas share price of $9.47, the FY26 base payout represents a trailing dividend yield of around 4.2% before franking credits.

When will Qantas pay its dividend?

Qantas shares are scheduled to trade ex-dividend on 15 September, with the record date falling on 16 September.

The airline will then pay the final dividend on 14 October.

The dividend will be fully franked, giving eligible investors the added benefit of attached franking credits.

There was also an update on Qantas’ capital returns, with the airline deciding not to go ahead with the additional $150 million on-market share buyback it announced in February.

Management said fuel volatility linked to the Middle East war no longer supported keeping the buyback open.

What did Qantas report?

Qantas reported FY26 revenue and other income of $25.52 billion, up 7.1% from the previous year.

Underlying profit before tax fell 13.8% to $2.06 billion, while statutory profit after tax declined 19.7% to $1.29 billion.

The airline said the Middle East conflict had a $420 million net impact on earnings, with its fuel bill increasing by around $610 million.

Qantas International was hit particularly hard, although its loyalty division was a stronger part of the result. This segment achieved underlying EBIT rising 12% to $625 million.

What next?

The higher base dividend gives shareholders something positive to take from the result, particularly with the payment fully franked.

However, investors will also need to weigh this against lower earnings and the decision to cancel the planned buyback.

Qantas said travel demand remains resilient heading into FY27, while domestic and international unit revenue is expected to improve in the first half.

Fuel costs are expected to stay elevated, so investors will be watching to see if stronger revenue can help offset some of those higher costs.

The post Own Qantas shares? Here’s how much the latest dividend will pay appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras 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.

The Horizon Oil Ltd (ASX: HZN) share price is under pressure today after announcing its FY26 results, which included record net production of 2.15 million barrels of oil equivalent (MMboe) and underlying revenue of US$107.2 million.

What did Horizon Oil Ltd report?

• Record FY26 net production of 2.15 MMboe, up 33% year on year
• Underlying revenue of US$107.2 million (statutory revenue: US$84.2 million)
• EBITDAX of US$56.4 million
• Profit after tax of US$11.1 million
• Cash flow from operating activities up 32% to US$47.2 million
• Final dividend of 1.0 cents per share, taking total FY26 dividends declared to 2.5 cents per share

What else do investors need to know?

Horizon strengthened its production platform through two major acquisitions in the past year. The company integrated its newly acquired Thailand assets and obtained control of Cue Energy Resources Limited in June 2026, expanding its producing asset base across five countries.

Reserves also grew materially, with net 2P reserves up 51% to 13.6 MMboe and 2C contingent resources up 61% to 19.8 MMboe as of 30 June 2026. The group closed the year with US$37.4 million cash and modest net debt of US$11.3 million after paying out over A$33 million in shareholder dividends.

What’s next for Horizon Oil Ltd?

Looking ahead, Horizon plans to unlock more value from its expanded portfolio with a series of near-term catalyst projects. The company is progressing field optimisation programs, infrastructure upgrades, and new drilling across its Asia-Pacific assets, including gas development in Thailand and appraisal activity in Australia and Indonesia.

Management highlighted ongoing cost discipline, a focus on high-return opportunities, and a strong commitment to shareholder returns as cornerstones of its future strategy.

Horizon Oil share price snapshot

The Horizon Oil share price is modestly beating the S&P/ASX 200 index (ASX: XJO) on a 12-month basis with a gain of around 7%.

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The post Horizon Oil FY26 results: Record production and expanding platform appeared first on The Motley Fool Australia.

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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 Omni Bridgeway Ltd (ASX: OBL) share price is falling slightly on Thursday after the company reported a 57% increase in statutory revenue to $106.5 million, while net profit for FY26 fell 85% year on year to $53.7 million due to a prior one-off gain.

What did Omni Bridgeway report?

• Statutory revenue: $106.5 million, up 57% on FY25
• Total income: $182.2 million, down 72%
• Net profit after tax: $45.9 million, down 89%
• Profit attributable to members: $53.7 million, down 85%
• No final dividend declared for FY26
• Net assets per share: $2.96 (FY25: $2.99); Net tangible assets per share: $2.08 (FY25: $1.94)

What else do investors need to know?

Omni Bridgeway’s FY26 results reflect a more normalised earnings year after the significant one-off benefit from the Fund 9 transaction in the prior period. Excluding secondary market transactions, the group delivered record cash investment proceeds of $350.5 million, up 49% from FY25, and added $564.4 million in new fair value to its investment portfolio.

Cost management was a highlight, with employee expenses down 16% and overall corporate overheads reduced, reflecting a smaller headcount and the absence of major one-off costs. The group’s diversified global legal funding portfolio now includes interests in more than 300 active litigation investments.

What’s next for Omni Bridgeway?

Looking forward, Omni Bridgeway expects demand for litigation funding to remain steady across all markets, supported by a strong pipeline of new investment opportunities and record new commitments of $712.2 million. Management is focused on growing third-party capital, maintaining investment performance, and continuing cost discipline. While the company doesn’t provide specific forecasts due to the unpredictable timing of legal resolutions, further capital formation post-year-end has bolstered its funding capability for future investments.

Omni Bridgeway share price snapshot

The Omni Bridgeway share price has underperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of 10%.

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The post Omni Bridgeway share price falls after profit drops 89% in FY26 appeared first on The Motley Fool Australia.

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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.

Shaw and Partners has released a bunch of new research reports this week, with two in particular catching my eye.

The companies they profile have the potential to deliver exceptional share price gains, the broker argues, based on new exploration drilling results.

Let’s see who they like.

Brightstar Resources Ltd (ASX: BTR)

This gold project developer recently released new drilling results, which included an “exceptional wide, high grade intercept” of 226m at 3.11 grams per tonne of gold.

Brightstar said drilling at the Two Mile Hill-Shillington deposit was hitting broad intervals of mineralisation, “targeting areas identified for potential underground mining in ongoing pre-feasibility study workstreams, with visible gold observed throughout the significant intersections, typically associated with galena and pyrite”.

The company said drilling was continuing with rigs active across multiple deposits to bolster the prefeasibility work and continue extension at depth at Two Mile Hill.

Brightstar Managing Director Alex Rovira said:

These infill results are hugely encouraging for a potential future underground mining operation at Two Mile Hill, which is currently being assessed by Brightstar and Entech for inclusion in the upcoming pre-feasibility study. Prior to the recent discovery of the +300m-wide Shirvington Zone at depth, Two Mile Hill had already been identified as a potential large-scale underground mining operation, targeted to complement the proposed open pit mining in Sandstone. These infill results validate that concept, illustrating both grade and scale.

Shaw and Partners said Brightstar’s projects were relatively low risk. They have a price target of $1.44 on the shares compared to 58 cents currently.

Yandal Resources Ltd (ASX: YRL)

Yandal recently reported further drilling results from its Arrakis discovery, which included 17.5m at 2.3 grams per tonne of gold and 17m at 1 gram per tonne.

The company’s managing director, Chris Oorschot, said the results, “provide further support for a third high-grade domain within the Arrakis mineralised system, first defined after the 6m @ 28.3g/t Au intercept reported two weeks ago”.

Mr Oorschot added that an area beneath the current drilling remains untested, but that interpretations suggest a domain of higher grade mineralisation.

Shaw and Partners has a price target of 51 cents on Yandal compared to 15.5 cents currently.

The broker said:

We value YRL on a modest $180 per ounce and forecast 1Moz Resource base. YRL already has 450koz of Resource gold largely on existing mining leases, with strong extension potential and in the vicinity of multiple gold mills owned by other corporates. Further, ongoing drill results already suggest YRL has a realistic path to reach ~1Moz of Resources within a year. Upside to our price target could come from YRL’s attractive ongoing exploration potential. Additionally, corporate optionality in the Yandal region could add further upside potential to our stock valuation.

The post 2 ASX mining shares Shaw and Partners says could return 150% to 250% appeared first on The Motley Fool Australia.

More reading

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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 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.

The Greatland Resources Ltd (ASX: GGP) share price is down 2% on Thursday despite the company reporting a net profit after tax of $862 million and revenue of $2,259 million for the year ended 30 June 2026, marking its first full year owning the Telfer gold mine.

A pullback in the gold price overnight appears to be overshadowing the news.

What did Greatland Resources report?

• Net profit after tax: $862 million, up 156% year on year
• EBITDA: $1,332 million, up 186%
• Revenue: $2,259 million from sales of 326,859 ounces of gold and 14,730 tonnes of copper
• Free cash flow: $737 million, up 413%
• Total available liquidity: $1,764 million (including $1,289 million cash and $475 million undrawn debt facilities)
• All-in-sustaining cost (AISC): $2,179 per ounce gold produced

What else do investors need to know?

FY26 was a landmark year for Greatland Resources, with the Telfer mine delivering a full 12 months of results under Greatland’s ownership. The company processed over 19 million tonnes of material, achieving strong gold and copper recoveries, and significantly boosted its cash position.

Key project milestones included completing the Havieron Feasibility Study, achieving substantial mineral resource and ore reserve upgrades at both Telfer and Havieron, and securing $500 million in corporate debt facilities with major banks. The company’s safety performance also improved, with a lower injury frequency rate versus the prior year.

Importantly, all necessary environmental and permitting approvals for the Havieron project were received after the financial year end, paving the way for the development phase to commence.

What did Greatland Resources management say?

Commenting on the results, Shaun Day, Managing Director, said:

FY26 was another transformative year for Greatland. Our first full financial year of Telfer under our ownership delivered exceptional operating results, driven by significant productivity improvements in our open pit and underground mines, and an excellent performance in our processing operations.

The safe delivery of strong production outcomes, and full upside exposure to a strong metal price environment, delivered net profit of $862 million (~$1.28 per share) and free cash flow of $737 million (~$1.10 per share). I would like to extend my appreciation to our Greatland team, particularly at our operations, for their hard work and dedication which delivered these excellent outcomes for the year. Equally importantly, we made important progress on improving and advancing our organic growth profile during the year. At Havieron, we completed our Feasibility Study which confirmed the pathway to a world-class Australian gold-copper mine leveraging existing Telfer infrastructure, and subsequently made our final investment decision for the project. At Telfer, we delivered substantial resource and reserve upgrades, including a maiden resource at our West Dome Underground project.

Looking ahead to FY27, we are guiding to produce 260,000 – 300,000 ounces of gold at an AISC of $2,900 – $3,330 per ounce, which will support an important year of investment in organic growth. We will commence the construction phase for Havieron, and will continue our investment in Telfer including progressing new high-grade opportunities, in particular the West Dome Underground. The investments we make in FY27 will set the foundations for a period of production growth delivered by a higher quality, longer life, gold-copper production centre in the Paterson region. We enter the year in a position of strength with net cash of approximately $1.3 billion at the close of FY26.

What’s next for Greatland Resources?

For FY27, Greatland Resources is guiding gold production between 260,000 and 300,000 ounces at a higher AISC of $2,900–$3,330 per ounce, reflecting increased investment in mine development and growth projects. Major capital expenditure is planned for both the Telfer and Havieron sites, including construction at Havieron and fleet renewal at Telfer.

The company is focused on organic growth, including new exploration drive at Telfer and upcoming development milestones at Havieron where first gold is expected in FY29. Management sees strong foundations for long-term growth, supported by a robust cash position and approved expansion plans.

Greatland Resources share price snapshot

The Greatland Resources share price has been one of the best performers on the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of over 130%.

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The post Greatland Resources shares fall despite profit and revenue surge on first full year of Telfer operation appeared first on The Motley Fool Australia.

More reading

• Macmahon Holdings awarded $485m Telfer contract extension
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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 29Metals Ltd (ASX: 29M) share price is down 7% to 33.5 cents on Thursday following the release of its half-year results, which showed a 12% rise in revenue to $304.9 million but a net loss after tax of $34.8 million compared to last year’s $35.3 million profit.

What did 29Metals report?

• Revenue rose 12% to $304.9 million (1H FY25: $271.0 million).
• Net loss after tax of $34.8 million (1H FY25: $35.3 million profit).
• EBITDA fell to $30.5 million (1H FY25: $112.6 million).
• No interim dividend declared or paid.
• Total liquidity increased to $202.1 million (31 Dec 2025: $117.6 million).
• Copper metal sales contributed 70% of total revenue, up from 51%.

What else do investors need to know?

29Metals raised $150 million through an underwritten entitlement offer during the period, boosting its working capital. The proceeds are earmarked for ongoing development at Gossan Valley, advancing the restart plans at Capricorn Copper, and continued exploration.

Operations at Golden Grove delivered higher copper output but much lower zinc production due to a temporary exclusion zone at Xantho Extended following seismic events. Restart activities at Capricorn Copper remain ongoing, with production still suspended while approval processes for a new tailings facility are underway.

What’s next for 29Metals?

Looking ahead, 29Metals expects mining at Xantho Extended to recommence in the December quarter, while first ore from the Gossan Valley and Oizon projects is also targeted for late 2026. At Capricorn Copper, management is working through regulatory approvals and feasibility studies to support a safe and sustainable restart, subject to funding and permitting outcomes.

Exploration drilling at Golden Grove is ongoing, with promising targets identified. The company is also engaging with potential strategic partners to strengthen liquidity and accelerate progress on key projects.

29Metals share price snapshot

Despite today’s decline, the 29Metals share price is beating the S&P/ASX 200 index (ASX: 29M) on a 12-month basis with a gain of over 11%.

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The post 29Metals share price drops 7%: Half-year earnings reveal $34.8m loss, revenue up appeared first on The Motley Fool Australia.

More reading

• 29Metals: HY26 earnings show revenue up, mine progress on track
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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 Jumbo Interactive Ltd (ASX: JIN) share price is down 6.5% to $7.20 on Thursday.

This is despite the company posting record underlying EBITDA of $85.2 million, up 25%, with revenue rising 33% to $193.6 million, driven by international expansion and strong managed services growth.

What did Jumbo Interactive report?

• Revenue of $193.6 million, up 33.2% on FY25
• Underlying EBITDA of $85.2 million, up 24.8% on FY25 (record level)
• Underlying NPAT of $41.4 million, up 3.7%
• Total dividend for FY26 of 27.0 cents per share, fully franked (FY25: 54.5 cps)
• Total Transaction Value (TTV) rose 13.0% to $1,125.8 million
• Dream Giveaways segment contributed $21.8 million in underlying EBITDA

What else do investors need to know?

Jumbo strengthened its international footprint, completing acquisitions of Dream Car Giveaways in the UK and Dream Giveaway in the US. These additions marked a significant move into international B2C markets and delivered positive EBITDA contributions, particularly from the US business.

The Managed Services segment also performed well, underpinned by new business wins in Canada and steady results in the UK. In Australia, lower lottery jackpots impacted ticket sales, but other products and SaaS partnerships partially offset this.

Regarding the Brightstar Lottery opportunity, Jumbo and Brightstar have not finalised commercial terms for a proposed subcontractor arrangement on Lotterywest’s new digital solution. Management believes this outcome will have minimal impact on future Group EBITDA.

What did Jumbo Interactive management say?

Speaking about the results, Jumbo’s CEO and Founder, Mike Veverka, commented:

FY26 was a defining year for Jumbo. We delivered the highest EBITDA in Jumbo’s history and took a decisive step towards becoming a diversified, international, technology-enabled lottery and prize draw company. The acquisitions of Dream Car Giveaways in the UK and Dream Giveaway in the US marked Jumbo’s significant move into international B2C markets, building a new growth engine alongside our established Australian business. We now have the ability to apply our software, marketing expertise and operational discipline to accelerate growth in both businesses.

What’s next for Jumbo Interactive?

Looking to FY27, Jumbo expects Australia’s underlying EBITDA margin to remain between 46% and 50%, while targeting international underlying EBITDA of $36–$40 million. The transition of Dream US to the Jumbo Lottery Platform is set to incur a platform fee, but further international growth remains a key focus.

Jumbo says it will keep its capital management approach flexible, continuing the on-market share buyback program and paying dividends within a 30%–50% payout range. Negotiations for the digital component of the Brightstar project are ongoing, and the company’s core SaaS partnership with Lotterywest remains unchanged.

Jumbo Interactive share price snapshot

The Jumbo Interactive share price is underperforming the S&P/ASX 200 index (ASX: XJO) on a 12-month basis with a decline of over 35%.

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The post Jumbo Interactive share price tumbles despite posting record EBITDA on international push appeared first on The Motley Fool Australia.

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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 positions in and has recommended Jumbo Interactive. The Motley Fool Australia has recommended Jumbo Interactive. 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.