Author: openjargon

Wesfarmers Ltd (ASX: WES), Mineral Resources Ltd (ASX: MIN), and Qantas Airways Ltd (ASX: QAN) shares are creating a stir today.

In morning trade, all three of the big name ASX shares are outperforming the 0.4% losses posted by the S&P/ASX 200 Index (ASX: XJO) on Thursday.

Here’s what’s catching investor interest.

Qantas shares lift on revenue growth outlook

Qantas shares are gaining altitude today, up 2.6% and trading for $9.46 apiece.

This follows the release of the ASX 200 airline’s full-year FY 2026 results.

For the 12-month period, Qantas reported a 12.7% year-on-year decline in underlying earnings per share to 96 cents.

On the bottom line, the airline achieved an underlying profit before tax of $2.06 billion, down 13.8% from FY 2025.

With profits down, management declared a fully-franked final Qantas dividend of 19.8 cents per share, down 25% from last year’s final payout.

The company estimated that the impact from the Middle East conflict has so far cost it $420 million, largely driven by higher jet fuel costs.

Despite the higher fuel costs, the company expects to see unit revenues grow by 8% to 10% in the first half of FY 2027.

Wesfarmers shares lift on dividend boost

Like Qantas shares, Wesfarmers shares are in the green today, up 0.2% and changing hands for $83.41 apiece.

The ASX 200 conglomerate – whose retail subsidiaries include Bunnings Warehouse, Kmart Australia, Officeworks, and Priceline – also reported its FY 2026 results this morning.

Highlights included a 3.4% year-on-year increase in revenue to $47.25 billion, and (excluding significant items) earnings before interest and tax (EBIT) increased by 7.3%

Wesfarmers’ free cash flow was up as well, increasing 15.8% to an impressive $3.99 billion.

On the bottom line (excluding significant items), Wesfarmers achieved a statutory NPAT of $2.87 billion, up 8.3% from FY 2025.

Management declared a fully-franked final dividend of $1.20 per share, up 9.1% from last year’s final Wesfarmers dividend.

Which brings us to…

Mineral Resources shares jump on surging cash flow

Joining Wesfarmers and Qantas shares in turning heads today, we find Mineral Resources.

At the time of writing, shares in the ASX 200 lithium miner and diversified resources producer are trading for $68.96 apiece, up 3.1%.

Investors are bidding up Mineral Resources shares after the miner posted record full-year revenue in FY 2026 of $6.5 billion. That’s up 44% from last year.  And earnings rocketed 183%, with the company reporting underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) of $2.6 billion.

This helped drive a 141% surge in FY 2026 free cash flow to $849 million.

On the bottom line, Mineral Resources shares look to be getting a lift today, with FY 2026 underlying net profit after tax (NPAT) of $822 million, up 831% from FY 2025.

And passive income investors will be pleased to see the return of the Mineral Resources dividend, suspended in the second half of 2024. The FY 2026 final fully-franked dividend works out to 83 cents per share.

The post Why Wesfarmers, Mineral Resources and Qantas shares are turning heads on Thursday appeared first on The Motley Fool Australia.

More reading

• Own Qantas shares? Here’s how much the latest dividend will pay
• Here’s what brokers tip for Wesfarmers shares over the next 12 months
• Qantas Airways share price on watch as FY26 profit dips but dividend and upgrades unveiled
• Wesfarmers posts higher earnings, lifts dividend in FY26 results
• Mineral Resources share price on watch as record earnings, dividend highlight FY26

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 Wesfarmers. The Motley Fool Australia has recommended Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Wesfarmers Ltd (ASX: WES) shares have fallen into the red on Thursday after the conglomerate posted its FY26 results ahead of the ASX open this morning.

At the time of writing, Wesfarmers shares are down around 2% and are changing hands at $81.38 a piece.

Today’s price movement means the shares are now down around 1% for the year to date. They’re also roughly 11% lower than 12 months ago.

What is spooking investors today?

The company reported a 3.4% increase in revenue, to $47.3 million, and a 7.3% increase in EBIT. But statutory NPAT fell 1.8% to $2.8 million including significant items, or was up 8.3% excluding them. 

The result meant management was able to declare a full-year fully-franked ordinary dividend of 222 cents per share. This was a 15.8% increase from FY25.

The conglomerate saw strong performance across its major Bunnings and Kmart divisions, with earnings lifting 5.1% and 6% respectively over the 12-month period to 30th of June.

But elsewhere, Officeworks’ earnings fell 22.2%, mainly due to one-off transformation costs.

Wesfarmers’ result came in slightly ahead of the market’s $47.1 billion forecasts for revenue, and was in line with expectations for NPAT.

Going forward, Wesfarmers said it expects higher capital expenditure in FY27, of $1.3 to $1.5 billion. The increase is expected to support lithium production, store refurbishments, supply chain upgrades, and the start of a new joint venture in modular residential construction. 

Early trading in FY27 shows Bunnings’ sales growth is slightly ahead of the second half of FY26. Kmart and Officeworks have both maintained positive momentum.

It looks like investors are disappointed with the results, and some are selling up this morning.

Here’s what brokers expect from Wesfarmers shares over the next 12 months

I expect that some market experts may revise their outlook on the Wesfarmers share price in the coming days, following the results announcement.

But at the time of writing, it looks like the experts are pretty bearish about the conglomerate’s outlook.

TradingView data shows that out of 15 analysts, nine have a strong sell rating on the shares. Another five rate Wesfarmers shares as a hold, and one has a buy rating. The average target price is $77.56, implying a potential 5% downside ahead. Some are even more pessimistic, expecting the shares to crash by up to 20% to $65.10 over the next 12 months. 

The team at Morgan Stanley has a sell rating and a $79 12-month price target on the shares. The broker recently warned that the rally in discretionary spend stocks has “run ahead of fundamentals and is unlikely to prove durable”.

Tony Locantro from Alto Capital also has a sell rating on Wesfarmers shares. He thinks that much of the company’s long-term growth outlook is already reflected in the current valuation. 

The post Here’s what brokers tip for Wesfarmers shares over the next 12 months appeared first on The Motley Fool Australia.

More reading

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• 5 things to watch on the ASX 200 on Thursday
• Wesfarmers shares: Why experts are saying sell
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• How much is needed in superannuation to target a $5,500 monthly passive income?

Motley Fool contributor Samantha Menzies 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 Wesfarmers. The Motley Fool Australia has recommended Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The DUG Technology Ltd (ASX: DUG) share price is sinking 22% to $1.51 on Thursday despite the company reporting a 38% jump in revenue to US$86.4 million and returned to profit for FY26.

What did DUG Technology report?

• Revenue increased 38% to US$86.4 million
• Normalised EBITDA rose 78% to US$27.4 million, excluding a one-off expense
• Net profit after tax was US$2.6 million, a turnaround of US$7.0 million from FY25
• Software and HPCaaS revenue jumped to US$22.6 million, making up 26% of total revenue
• Multi-Client revenue came in at US$4.1 million, with 12 projects in the library
• Net cash from operating activities rose to US$20.9 million, up 273% year on year

What else do investors need to know?

DUG returned to profitability in FY26, with net profit after tax reaching US$2.6 million after recording a loss in the prior year. The company’s growth was broad-based, with strong performance across software, high performance computing as a service (HPCaaS), and services, particularly in emerging regions such as Brazil and the Middle East.

Investments in HPC infrastructure are already in place to support new contracts and continued growth, including a recent hardware expansion to deliver on fresh software and HPC deals. The services order book ended the year at US$33.6 million, underpinned by rising exploration activity and a healthy sales pipeline.

What’s next for DUG Technology?

Looking ahead, DUG expects continued momentum in FY27, with a full year of revenue from contracts secured in FY26 and a material software and HPC infrastructure award worth US$9.3 million. The firm has invested heavily in compute capacity over recent years, positioning it to meet growing industry demand.

DUG sees high activity levels in its core markets, supported by strong oil prices and increased exploration programs as companies seek more advanced imaging and data solutions. Management highlighted their focus on growing recurring revenue streams through software, HPCaaS, and the expanding Multi-Client business.

DUG Technology share price snapshot

The DUG Technology share price is now down 18% since the start of the year, compared to a 4% gain from the S&P/ASX 200 index (ASX: XJO).

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The post DUG Technology share price sinks 22% on FY26 results appeared first on The Motley Fool Australia.

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• DUG Technology scores US$9.3m software and HPC contract

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 Dug Technology. 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.are expected to be detailed in the full annual report.

The Objective Corporation Ltd (ASX: OCL) share price is down 18% to $6.11 on Thursday after the company reported FY2026 revenue of $135 million, up 9% on the prior year, and adjusted EBITDA of $52 million, an 11% increase.

What did Objective Corporation report?

• Total revenue reached $135 million, up 9% from FY2025
• Annualised recurring revenue (ARR) was $121 million in constant currency
• Adjusted EBITDA climbed 11% to $52 million
• Net profit after tax rose 5% to $37 million
• Final dividend was 26 cents per share (8c fully franked, 18c unfranked)
• Operating cash flow was $49 million, representing 94% of adjusted EBITDA

What else do investors need to know?

Objective continued to invest heavily in innovation, with $34 million (30% of software revenue) directed to research and development during the year—part of a $146 million cumulative investment over five years. Subscription software revenue now accounts for 100% of the company’s software revenue, with SaaS revenue specifically growing 22% over FY2026.

By business line, Regulatory Solutions delivered 7% ARR growth, Information Intelligence ARR dipped 5%, and Planning & Building ARR rose 3%. The company highlighted its strong position in AI-driven solutions across government and regulated industries, with ongoing expansion in both the Australian and international markets.

What’s next for Objective Corporation?

Looking ahead to FY2027, Objective is targeting adjusted EBITDA above $40 million, which would be down a disappointing 23% year on year.

The company plans to further sharpen its go-to-market approach and cost discipline as it pursues larger, more complex opportunities in the GovTech sector. Management also signalled ongoing M&A ambitions, supported by a robust balance sheet and cash flow.

Product leadership and customer value remain a priority, with efforts focused on delivering trusted, AI-enabled solutions for public sector clients. The company believes its strengths in information governance, security and compliance will keep it well-placed for future growth.

Objective Corporation share price snapshot

Objective Corporation shares have performed very poorly in comparison to the S&P/ASX 200 index (ASX: XJO) over the past year with a decline of around 70%.

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The post Objective Corporation share price crashes 18% on FY26 earnings 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 Objective. The Motley Fool Australia has positions in and has recommended Objective. 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 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%.

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

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• Develop Global awards $275 million Yitirrti plant contract as growth plans advance
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• 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%.

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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%.

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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
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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 Tasmea Ltd (ASX: TEA) share price is in focus after the company reported FY26 results that comfortably beat guidance, with underlying EBIT of $118.1 million and underlying NPAT up 42% to $73.7 million.

What did Tasmea report?

• Revenue surged 136% year over year to $1,293.3 million
• Underlying EBIT jumped 54% to $118.1 million, exceeding the $117 million forecast
• Underlying NPAT rose 42% to $73.7 million
• Final fully franked dividend of 8.5 cents per share; full year dividends up 32% (excluding specials)
• Operating cash flow climbed 126% to $147.1 million, representing 125% conversion of EBIT
• Strong organic EBIT growth of 18% across all segments

What else do investors need to know?

Tasmea’s programmatic acquisition strategy continues to drive its expansion, with further specialist acquisitions in the pipeline. The company completed the WorkPac, Maxim Group, and JPS Group transactions, increasing exposure to key growth thematics such as data centres and energy infrastructure.

Segment results were robust, with electrical EBIT up 33% to $50.2 million, civil rising 81% to $32 million, and workforce solutions contributing after the December 2025 WorkPac acquisition. Tasmea remains highly cash generative, with a disciplined capital allocation—46.6% effective dividend payout, and net debt to pro-forma EBITDA sitting at just 0.4x at year-end.

The group’s recurring maintenance services and customer diversification underpin a resilient, low-risk business model. Demand from industries like mining, resources, and infrastructure continued to support growth, and a strong contract win rate further de-risked FY27 earnings.

What did Tasmea management say?

Managing Director & Founder Stephen Young said:

Demand for our specialist services is as high as we have ever experienced.

What’s next for Tasmea?

Looking ahead, Tasmea has upgraded its FY27 underlying EBITA guidance to a range of $205 million to $210 million, with NPATA forecast between $130 million and $133 million. The revenue pipeline is at a record level of visibility, with approximately 90% already secured, recurring, or under tender.

Management will continue its “twin pillar” strategy—organic growth and targeted acquisitions—to build scale across diversified segments. The company is focused on further contract wins in high-growth sectors including data centres, mining, and infrastructure, and aims to maintain strong returns on capital.

Tasmea Limited share price snapshot

Over the past 12 months, Tasmea shares have risen 124%, outperforming the All Ordinaries Index (ASX: XAO) by a significant margin.

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The post Tasmea posts strong FY26 earnings, upgrades FY27 guidance 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 Cromwell Property Group (ASX: CMW) share price is in focus today after the company posted a 5% lift in Funds from Operations (FFO) to $110.3 million and an 11.4% increase in assets under management to $4.7 billion for FY26.

What did Cromwell Property Group report?

• Funds from Operations (FFO) of $110.3 million, up 5% on FY25
• Statutory profit of $135.8 million, equivalent to 5.2 cents per security
• Assets under management increased by 11.4% to $4.7 billion
• Portfolio occupancy high at 95.6% and weighted average lease expiry of 4.6 years
• Low gearing of 31.6% and liquidity of $370.8 million at year-end
• FY27 distribution guidance of 3.1 cents per security

What else do investors need to know?

Cromwell expanded its investment management platform by launching the Cromwell Industrial Partnership and a new Brisbane office venture, together bringing in $748 million of new institutional mandates. Steady leasing activity kept the investment portfolio strong, with 28,607 sqm of leases secured during the year and an uplift in asset valuations, including a notable $98 million increase for 400 George Street, Brisbane.

The business made further headway in sustainability, achieving top-five star ratings in key responsible investment benchmarks and reducing carbon emissions significantly over four years. Cromwell also completed three sizeable asset sales from its Direct Property Fund above book value, supporting investor returns.

What did Cromwell Property Group management say?

Jonathan Callaghan, Managing Director and Chief Executive Officer, said:

We delivered on our strategic priorities in FY26, growing our investment management platform, expanding institutional capital partnerships and maintaining resilient investment portfolio performance. Together, these achievements strengthen Cromwell’s earnings base and support long-term value for securityholders.

What’s next for Cromwell Property Group?

Looking ahead to FY27, Cromwell plans to continue scaling up its investment management operations and deepen relationships with institutional and wholesale investors. The group is also pushing ahead with the Barton1 office project in Canberra, which is fully pre-leased and on track for completion by late FY27.

Cromwell aims for disciplined capital deployment to support ongoing earnings growth, with a focus on attracting new tenants, managing lease expiries, and maximising rental returns. The company expects to pay higher distributions in the coming year.

Cromwell Property Group share price snapshot

The Cromwell Property Group share price has underperformed the S&P/ASX 200 index (ASX: XJO) on a 12-month basis with a decline of around 5%.

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The post Cromwell Property Group lifts FFO and expands assets under management in FY26 appeared first on The Motley Fool Australia.

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The Karoon Energy Ltd (ASX: KAR) share price is in focus after its half-year results, which saw sales revenue reach US$244.9 million and an interim dividend declared at 1.2 cents per share fully franked.

What did Karoon Energy report?

• First half FY26 sales revenue of US$244.9 million (down 21% year-on-year)
• Underlying EBITDAX of US$129.7 million (down 35%)
• Underlying net profit after tax (NPAT) of US$29.2 million; statutory NPAT of US$26.7 million
• Interim dividend of 1.2 cents per share fully franked (down 50%)
• US$15.3 million spent on share buybacks (11.8 million shares at an average A$1.84/share)
• Major Baúna investment campaign completed, and Who Dat East project sanctioned

What else do investors need to know?

Karoon wrapped up a significant capital project at Baúna, designed to improve long-term performance and bring key wells back online. While production and sales volumes were lower due to planned outages and a riser issue at Who Dat, the company benefited from stronger realised oil prices, with around 97% of sales being oil or liquids and no hedging in place.

Production costs dropped from US$74.0 million to US$59.3 million, mainly because Karoon now owns the Baúna FPSO, removing lease charges. Net debt increased to US$269.7 million, reflecting heavy first-half investment, but management expects cash outflows and debt to ease in the second half, provided oil prices and operations stay on track.

What did Karoon Energy management say?

Ms Carri Lockhart, Chief Executive Officer and Managing Director, commented:

In 1H26, Karoon undertook its largest ever program of capital projects at Baúna in Brazil, designed to enhance the future performance of the Baúna FPSO and bring two important wells back into production. All key Baúna activities have now been successfully delivered, with an excellent personal safety performance maintained throughout, positioning the Company for improved operating performance in 2H26…

We enter the second half in a strong position, with a low-cost asset base, restored production at Baúna and a robust balance sheet. Our core objectives remain unchanged, focused on ensuring safe, reliable and efficient operations, mitigating natural decline from our two long-life assets, advancing our growth opportunities and maintaining capital discipline to create shareholder value.

What’s next for Karoon Energy?

Looking ahead, Karoon expects lower cash outflows and is on track to deliver annual cost savings of US$30–40 million following the FPSO purchase. A decision to progress with Front-End Engineering and Design for the Neon project is expected by the end of the year, while development of Who Dat East will commence after its recent approval.

2026 full-year guidance now includes increased capex for Who Dat East, with total production forecast between 7.2 and 8.2 million barrels of oil equivalent. Further work is underway on high-potential assets in Brazil and the US.

Karoon Energy share price snapshot

The Karoon Energy share price has underperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of 9%.

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The post Karoon Energy half-year earnings: FY26 results and outlook 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.