Author: openjargon

The South32 Ltd (ASX: S32) share price is in focus today after the miner delivered a standout FY26 result, with underlying earnings up 55% to US$1.03 billion and total dividends rising 55% to 9.3 US cents per share.

What did South32 report?

• Revenue from continuing operations rose 1% to US$5,816 million
• Profit after tax attributable to members increased 410% to US$1,087 million
• Underlying EBITDA grew 28% to US$2,462 million, at a 31% margin
• Total ordinary dividends for the year lifted 55% to 9.3 US cents per share (fully franked)
• Net tangible assets per share rose to US$2.12 (from US$1.93)
• Net cash position improved to US$283 million

What else do investors need to know?

South32 extended its capital management program to September 2027, with US$209 million still to be returned to shareholders. The board declared a final US 5.4 cents per share dividend, reflecting strong cash flow and capital discipline.

A major portfolio move was announced post-year-end, with South32 agreeing to sell its aluminium value chain assets to Alcoa for up to US$5.6 billion. This positions South32 as a focused base metals miner, targeting growth in copper, zinc, and silver.

Construction continued at the Hermosa Taylor zinc-lead-silver project in the US and the company approved a 30% expansion at its Sierra Gorda copper joint venture in Chile. Additionally, safety improved, with lost time injury frequency falling by 29% year-on-year.

What did South32 management say?

Commenting on the results, South32’s CEO, Matt Daley, said:

Strong operating performance coupled with commodity price tailwinds underpinned one of the best financial results in our history, with Group underlying EBITDA increasing by 28 per cent to US$2.5 billion and underlying earnings increasing by 55 per cent to US$1 billion. … The sale of our aluminium value chain assets to Alcoa will simplify and strengthen our portfolio, positioning South32 as a leading base metals focused company with high-margin assets and a pipeline of compelling growth options in copper, zinc and silver. … Looking ahead, the outlook for our business is positive as we focus on safe and stable operations and growing our production of base metals into structurally attractive markets.

What’s next for South32 Ltd?

Looking forward, South32 expects to complete the Alcoa transaction in the second half of FY27. Production guidance for key base metals operations is for modest growth, with Sierra Gorda copper output to rise by 5% in FY27 and another 2% in FY28. Cannington’s zinc equivalent production is forecast to remain steady, and the Hermosa Taylor project is on track for first production in the second half of FY28.

The company aims to further streamline support costs and pursue growth investments in its base metals portfolio. Capital expenditure will be focused on expanding Hermosa and Sierra Gorda, and the group plans to review climate targets following the aluminium assets sale.

South32 share price snapshot

The South32 share price has smashed the S&P/ASX 200 index (ASX: XJO) over the last 12 months with a gain of over 75%.

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The post South32 FY26 earnings: base metals drive profit surge and new dividend 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 29Metals Ltd (ASX: 29M) share price is in focus today after the copper and zinc miner reported a 12% rise in half-year revenue to $305 million and a sharp increase in operating cash flows for the half ending 30 June 2026.

What did 29Metals report?

• Total revenue rose 12% to $305 million (HY25: $271 million)
• Cost of sales increased 21% to $279 million, mainly due to higher stockpile charges and lower zinc credits
• EBITDA fell to $30.5 million (HY25: $112.6 million)
• Cash flows from operating activities grew 148% to $66 million
• Group liquidity at 30 June 2026 was $202 million
• Drawn debt reduced by US$10 million to US$115 million

What else do investors need to know?

Development works continued at the Xantho Extended orebody, with 29Metals aiming to restart mining there in the December 2026 quarter. This is expected to boost overall metal production at the Golden Grove operation, which is the company’s highest-grade ore source.

Zinc production was notably lower at 3.2kt (compared to 29.3kt last year), impacted by the suspension of mining at Xantho Extended due to seismicity. Meanwhile, copper production increased by 15% year on year to 11.2kt.

29Metals is also preparing to restart operations at Capricorn Copper, targeting more than double its annual copper output. The restart plan is progressing, with water issues resolved and regulatory approvals and funding activities underway.

What did 29Metals management say?

Chief Executive Officer James Palmer said:

The team continues to make progress towards strengthening the foundations of the business and an optimised mine plan at Golden Grove, underpinned by investment in high-grade ore sources of Xantho Extended, Oizon and Gossan Valley. The progressive ramp-up of mining from these high-grade ore sources is expected to provide mine plan flexibility and support metal production growth at Golden Grove from the end of 2026.

Capricorn Copper provides a low capital intensity pathway to more than double 29Metals’ annual copper production. With water levels no longer an impediment to restart production, we are progressing the regulatory approval of our application for a new Tailings Storage Facility and completion of a Restart Definitive Feasibility Study by the end of 2026. In parallel, we are progressing work on strategic funding options to maintain progress towards a restart of production.

What’s next for 29Metals?

Looking ahead, 29Metals is focused on finishing upgrades and resuming mining at Xantho Extended by the December quarter, aiming to support higher copper and zinc production at Golden Grove. Investors can expect ongoing works on mine plan flexibility and accessing higher-grade deposits to improve output and cost efficiency by late 2026.

At Capricorn Copper, the company is aiming for regulatory clearance and funding to enable a restart, with the goal of substantially increasing copper production in coming years.

29Metals share price snapshot

Over the past 12 months, 29 Metals shares have risen 20%, outperforming the All Ordinaries Index (ASX: XAO).

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The post 29Metals: HY26 earnings show revenue up, mine progress on track 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 Capricorn Metals Ltd (ASX: CMM) share price is in focus today after the company delivered record full-year results, with FY26 sales revenue up 46% to $769.3 million and a fully franked final dividend of 5 cents per share announced.

What did Capricorn Metals report?

• Sales revenue rose 46% to $769.3 million, with gold sales totalling 123,096 ounces at an average price of $6,241 per ounce.
• Underlying EBITDA was a record $483.6 million, jumping 63% year over year, for an EBITDA margin of 63%.
• Net profit after tax increased 59% to $327.2 million, up from $206.4 million in FY25.
• Net cash position grew by 42% to $504.8 million at year end.
• Gold production at the Karlawinda Gold Project totalled 123,589 ounces at an AISC of $1,629 per ounce.
• Fully franked final dividend of 5 cents per share, bringing total FY26 dividends to 10 cents per share.

What else do investors need to know?

Capricorn Metals finished the year with a strong balance sheet, underpinned by robust operating cash flow of $470.2 million. The company spent $133.4 million on expansion at Karlawinda and preparatory works at Mt Gibson, alongside $74.0 million on exploration across both projects.

The commencement of fully franked dividends reflects Capricorn’s move to a tax-paying position, with a one-off final tax payment for FY26 expected in FY27. From FY27, tax payments will transition to a standard estimates-based regime.

What’s next for Capricorn Metals?

Looking ahead, Capricorn Metals has provided FY27 production guidance of 137,000 to 147,000 ounces at an AISC of $1,900 to $2,100 per ounce. After the Karlawinda Expansion Project is commissioned this quarter, gold output is forecast to ramp up to around 150,000 ounces per annum.

Development at the Mt Gibson Gold Project is targeted to start in the second quarter of FY27, subject to permitting. Supported by strong cash flows and a healthy cash balance, Capricorn aims to fund growth projects and continue shareholder returns.

Capricorn Metals share price snapshot

The Capricorn Metals share price has been among the best performers on the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of almost 70%.

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The post Capricorn Metals posts record full-year profit, dividends after strong gold 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.

The Boss Energy Ltd (ASX: BOE) share price is in focus today as the company posted a $2.5 million profit after tax for FY2026, a sharp turnaround from last year’s $34.2 million loss. Revenue more than doubled to $151.1 million, marking the company’s first full year selling uranium from Honeymoon.

What did Boss Energy report?

• Revenue: $151.1 million, up 100% from FY2025
• Net profit after tax: $2.5 million (FY2025: $34.2 million loss)
• Operating cash flow: $73.6 million (FY2025: $17.4 million)
• Production: 1.41 million pounds of uranium oxide (up 61% year-on-year)
• Cash and liquid assets: $207.3 million, no debt
• No dividend declared for FY2026

What else do investors need to know?

Boss Energy has ramped up production at Honeymoon, its key operating mine in South Australia, commissioning new infrastructure and focusing on operational improvements. A New Feasibility Study and updated life-of-mine plan were also released, centring on a wide-spaced wellfield design to lift efficiency and cut costs.

In Texas, Boss holds a 30% stake in the Alta Mesa uranium operation, which delivered its own production growth. The company has also advanced studies and permitting for the Gould’s Dam and Jasons satellite deposits, aiming to expand future supply using existing infrastructure.

What did Boss Energy management say?

Managing Director & CEO Matt Dusci said:

Our priorities for FY2027 are to safely progress the development plan outlined in the New Feasibility Study, continue improving operational performance and cost competitiveness, advance our satellite deposits and maintain disciplined capital management. We recognise that rebuilding confidence will require consistent execution and delivery against our commitments. This will remain a key focus as we move forward.

What’s next for Boss Energy?

Looking ahead, Boss Energy aims to build on its reset operational base by transitioning Honeymoon to the newly established wide-spaced wellfield approach. The plan is to steadily boost output, pursue further efficiency gains and optimise costs over the next development phase.

Further milestones include progressing Gould’s Dam and Jasons towards production and maintaining strong capital discipline. The company is also watching the uranium market closely as global demand remains strong amid a renewed focus on energy security and decarbonisation.

Boss Energy share price snapshot

Over the past 12 months, Boss Energy shares have declined 6%, trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post Boss Energy reports profit turnaround and more uranium production in FY2026 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 Wesfarmers Ltd (ASX: WES) share price is in focus today after the company posted a statutory net profit after tax (NPAT) of $2,874 million for FY26, supported by strong results from Bunnings, Kmart Group and WesCEF, and a higher fully-franked ordinary dividend.

What did Wesfarmers report?

• Revenue rose 3.4% to $47,274 million
• Statutory NPAT of $2,874 million (down 1.8% vs FY25 including significant items; up 8.3% excluding them)
• Earnings before interest and tax (EBIT) grew 7.3% (excluding significant items)
• Full-year fully-franked ordinary dividend up 7.8% to 222 cents per share
• Free cash flow increased 15.8% to $3,992 million
• Return on equity (R12) improved to 35.5%

What else do investors need to know?

The year saw strong performances from the biggest divisions: Bunnings lifted earnings by 5.1% with consistent sales growth across categories, while Kmart Group’s transformation projects and value-driven strategy drove earnings up 6.0%. WesCEF’s earnings rose 18.5%, as its lithium business swung into profit, offsetting pressures from ammonia pricing affected by global supply disruptions.

Officeworks faced a 22.2% drop in earnings, mainly due to one-off transformation costs, but still managed to grow sales by 3.7%. In a significant move, Blackwoods and Workwear Group transitioned into Bunnings Group from 1 July 2026 to strengthen the commercial offer.

Wesfarmers invested in growth across its portfolio, including expanding the Mt Holland lithium mine, digital transformation initiatives, and AI-powered customer assistants in key retail brands. The company also reduced its Scope 1 and 2 emissions by almost 22% year on year.

What did Wesfarmers management say?

Wesfarmers’ managing director, Rob Scott, commented:

Our businesses focused on mitigating cost pressures through productivity initiatives and were able to deliver more value, better service and increased convenience for our retail and business customers. As households continued to experience cost of living pressures, our retail businesses dropped prices on thousands of products during the year to support household budgets.

What’s next for Wesfarmers?

Wesfarmers says it remains well placed to deliver satisfactory long-term returns, guided by a portfolio of resilient, high-quality businesses and a strong balance sheet. The company expects to continue investing in store networks, supply chains and digital capabilities, even as higher labour and operating costs persist across the industry.

Looking ahead, Wesfarmers flagged increased capital expenditure of $1.3 to $1.5 billion for FY27, particularly 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, with Kmart and Officeworks maintaining positive momentum. The group aims to leverage both its retail and health assets, as well as new digital platforms, to keep building long-term value.

Wesfarmers share price snapshot

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

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The post Wesfarmers posts higher earnings, lifts dividend in FY26 results 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 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. 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 Summerset Group Holdings Ltd (ASX: SNZ) share price is in focus today after the retirement living operator reported a 92% lift in half-year net profit after tax to NZ$171.4 million and a significant 291% jump in cash flow from existing operations to NZ$31.0 million for the six months to 30 June 2026.

What did Summerset Group report?

• Total revenue of NZ$200.3 million, up 16% on HY25
• Net profit after tax (IFRS) rose 92% to NZ$171.4 million
• Underlying profit down 3% to NZ$103.4 million
• Cash flow from existing operations (CFEO) of NZ$31.0 million, up 291%
• Final dividend of NZ 3.8 cents per share declared
• 813 total sales, up 17%, with 481 new homes delivered across NZ and Australia
• Development margin of 20%
• Village and care resident satisfaction at 91% and 88% respectively

What else do investors need to know?

Summerset’s first half result was driven by strong sales momentum, disciplined cost and capital management, and higher revenue from both new villages and care services, despite an uncertain economic environment. The company delivered 481 new homes and achieved 813 sales under Occupation Right Agreements, with both new sales and resales up on last year.

The company continued to expand in Australia, opening its Cranbourne North village centre and welcoming residents at Chirnside Park in August. Summerset also decided to sell its Craigieburn site in Victoria following a project review, with settlement expected in the fourth quarter. In addition, the board has shifted its dividend policy to base payouts on operating cash flow, now set between 20–60% of CFEO, to better align shareholder returns with cash generation.

What did Summerset Group management say?

Chief Executive Officer Scott Scoullar said:

We’re proud to have delivered higher first half sales on last year in this challenging market. At the same time we’ve also continued to bring new homes to market in New Zealand and Australia, and taken deliberate steps to manage development spend, strengthen cash generation and reduce net debt over the next 18 months.

What’s next for Summerset Group?

Summerset expects market conditions to remain uneven in the second half, but management is focused on keeping its build rate steady and targeting deliveries of 700–800 homes for the full year across both regions. The group’s medium-term priorities are to reduce net debt below NZ$1.9 billion and achieve gearing of 33% by the end of 2027.

Ongoing cost efficiency measures are in place, and the new dividend policy aims to ensure resilient shareholder returns. The company says it will maintain close attention on resident satisfaction, investing in initiatives that support wellbeing and create connected communities as it continues to mature its broad retirement village portfolio.

Summerset Group share price snapshot

Over the past 12 months, Summerset Group shares have declined 34%, trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post Summerset Group: HY26 profit up 92% as sales hit record high 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 Magellan Financial Group Ltd (ASX: MFG) share price is in focus after the company reported combined group revenue of $778 million and declared a fully franked final dividend of 25.5 cents per share.

What did Magellan Financial Group report?

• Combined pro forma revenue of $778 million, diversified across three business lines
• Combined group operating profit after tax of $215 million
• Combined group net profit after tax of $146 million
• MFG operating profit after tax of $145 million, down 9%
• MFG net profit after tax of $88 million, down 47%
• Final fully franked dividend of 25.5 cents per share
• Total assets under management of $36.7 billion, down 7% year on year

What else do investors need to know?

Magellan’s FY26 result reflects lower investment management revenue, but this was partially offset by a sharp rise in partnership income — particularly from Barrenjoey Capital Partners. That partnership contributed $42 million to MFG’s operating result.

The merger with Barrenjoey, effective from 1 July 2026, has created a more diversified financial services group. The company said its revenue is now spread across Financial Markets, Corporate Finance and Investment Management.

AUM declined by 7% over the year, mainly due to continued outflows from heritage Global Equities funds. However, the Group saw institutional inflows into Australian equities and global listed infrastructure strategies, along with progress in systematic strategies.

What did Magellan Financial Group management say?

Mr Benari, Group CEO, commented:

2026 was a transformational year for MFG. The merger between MFG and Barrenjoey marks the beginning of a new chapter for our company, and today’s results are the first time we have reported the pro forma performance of a stronger and more diversified Australian financial services group, spanning Financial Markets, Corporate Finance and Investment Management.

The combined group delivered pro forma revenue of $778 million for the year and maintains a balance sheet with meaningful headroom for growth. As previously announced and subject to shareholder approval, we intend to change the company’s name to Barrenjoey Group Limited and change our ASX ticker to BJY. The new name reflects the scale and ambition of all of our business lines.

We are focused on reaching more clients and delivering more products, and our recently announced New Zealand expansion is an example of this.

What’s next for Magellan Financial Group?

Looking ahead, Magellan plans to rebrand as Barrenjoey Group Limited, pending shareholder approval at its upcoming AGM. The company also intends to update its ASX ticker to “BJY” to reflect this new identity.

Management say they will focus on deepening their business across all three core lines and reaching more clients, including expanding into New Zealand. The board has also changed its main office address, effective from September 2026, to Quay Quarter Tower in Sydney.

Magellan Financial Group share price snapshot

The Magellan share price has modestly outperformed the S&P/ASX 200 index (ASX: XJO) on a 12-month basis with a gain of almost 7%.

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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 IGO Ltd (ASX: IGO) share price is on watch today after the company returned to profitability in FY26, posting a net profit after tax (NPAT) of $145.3 million and announcing a fully franked final dividend of 5 cents per share.

What did IGO Ltd report?

• Total revenue of $462.9 million (down 12% from FY25)
• NPAT of $145.3 million (FY25: $954.6 million loss)
• Underlying EBITDA of $285.9 million (FY25: $43.0 million loss)
• Operating cash flow of $132.4 million (up 209%)
• Final fully franked dividend of 5 cents per share ($38 million total)
• Group cash at $386.5 million and undrawn $300 million corporate debt facility

What else do investors need to know?

IGO’s performance bounced back as profits from its Greenbushes and Nova operations, plus improved returns from the Tianqi Lithium Energy Australia joint venture, drove earnings higher. Cost and capital management also played a big part in the turnaround, with free cash flow jumping 176% to $134 million.

The company completed the sale of the Forrestania nickel operation to Medallion Metals and announced a deal to divest its Nova operation to Global Lithium Resources, further simplifying the business and re-aligning strategic priorities towards lithium and copper. Key leadership changes occurred, with Dr Vanessa Guthrie AO taking over as Chair and several other board appointments and departures.

What did IGO Ltd management say?

IGO’s CEO, Ivan Vella, said:

We are proud of what IGO delivered in FY26 – across safety, operational performance and financial returns. The Group returned to profitability, generated positive underlying free cash flow and ended the year with a strong balance sheet, reflecting the benefits of disciplined execution across the portfolio… Looking ahead, our priorities remain clear: safe and reliable operations at Nova, continued support for Greenbushes and Kwinana, and focused growth through exploration, BioHeap and selective inorganic opportunities where value creation and alignment with our strategy is clear.

What’s next for IGO Ltd?

In FY27, IGO expects to close the Nova divestment and focus on growth opportunities in copper and lithium. Guidance points to steady Greenbushes production, lower costs, and increased lithium hydroxide output at Kwinana, though some operational challenges remain.

The company maintains a strong financial position, with $386.5 million in cash and a significant undrawn debt facility, which should support disciplined growth and investment in its targeted commodity areas.

IGO Ltd share price snapshot

The IGO share price has been a strong performer over the past 12 months, beating the S&P/ASX 200 index (ASX: XJO) with a gain of over 50%.

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The post IGO Ltd swings to $145 million FY26 profit, pays 5c dividend 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 Mineral Resources Ltd (ASX: MIN) share price is in focus today after the company reported its strongest-ever financial result, with record revenue of $6.5 billion and underlying NPAT up 831% to $822 million.

What did Mineral Resources report?

• Revenue: $6.5 billion, up 44% on FY25
• Underlying EBITDA: $2.6 billion, up 183%
• Underlying NPAT: $822 million, up 831% year on year
• Reported NPAT: $1.2 billion, up 236%
• Free cash flow: $849 million, up 141%
• Fully franked final dividend: $0.83 per share, reinstated after nil in FY25

What else do investors need to know?

The record performance was driven by growth in the Mining Services division, the ramp-up of Onslow Iron to nameplate capacity, and improved results in lithium operations—helped by higher prices and volumes in the second half. The company’s net debt fell by $1.1 billion to $4.3 billion, with liquidity doubling to $2.4 billion.

Mineral Resources expects the proposed transaction with POSCO, once completed, to reduce net debt further and provide additional funds for growth initiatives. The company is guiding Mining Services volumes to increase by 9% to 14% in FY27, with growth supported by the Onslow Iron project and ramp-ups at other key assets.

What did Mineral Resources management say?

Chris Ellison, Managing Director, said:

The past 12 months stand among the most significant in MinRes’ history. Record operational and financial results reflect years of strategic investment, positioning the company to enter its third listed decade with a stronger foundation than at any point in our 20-year journey on the ASX.

What’s next for Mineral Resources?

Looking to FY27, Mineral Resources expects growth across every operating division, particularly in Mining Services, which is underpinned by long-term contracts and recurring revenue. The company will focus on delivering new brownfield investments and further ramping up iron ore, lithium, and energy projects.

Completion of the POSCO deal is anticipated to unlock further balance sheet strength and disciplined growth. Governance improvements and leadership succession strategies are now embedded, with the company emphasising a disciplined approach to capital allocation for its next growth phase.

Mineral Resources share price snapshot

The Mineral Resources share price has been on fire over the past 12 months, outperforming the S&P/ASX 200 index (ASX: XJO) with a gain of almost 80%.

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The post Mineral Resources share price on watch as record earnings, dividend highlight 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.

The RBA interest rate has jumped this year, allowing savers to achieve term deposit interest rates that start with a 5. However, I’d prefer to invest in certain ASX dividend shares for a couple of key reasons.

Firstly, I’d highlight that this is probably (close to) the peak interest rate for this cycle of rate rises. That means this could be the best interest rate that savers can get and term deposit rates in 12 months could be lower if there are RBA rate cuts next year.

Secondly, we can pick ASX dividend shares that already have a dividend yield similar to (or better than) the term deposit rate, as well as payout growth. Term deposits are stuck paying the same rate, though it is a guaranteed cash return.

As time goes on, I’d expect a good ASX dividend share to pay an increasingly better cash return than term deposits.

Let’s look at two ideas based on the above thought process, with dividend yields of more than 5%.

WCM Global Growth Ltd (ASX: WQG)

This business is a listed investment company (LIC). I really like the LIC structure because it allows for a diversified portfolio to generate investment profits, which can pay a steadily growing dividend.

WCM Global Growth owns a portfolio of between 20 to 40 quality global stocks that have expanding economic moats (strengthening competitive advantages) and business cultures that help unlock the improvement of the economic moat.

With its portfolio net return of an average of more than 15% per year since inception in June 2017, the ASX dividend has consistently increased its annual dividend per share every year since 2019.

It recently upgraded its quarterly dividend guidance to 9.85 cents per share over the next 12 months, which translates into a grossed-up dividend yield of 6.6%, including franking credits, at the time of writing.

Future Generation Australia Ltd (ASX: FGX)

Future Generation Australia is another LIC that focuses on ASX shares.

It’s invested in the funds of 16 different leading fund managers, providing significant diversification. Future Generation Australia is indirectly invested in more than 430 underlying shares, delivering strong diversification.

One of the reasons why I like this investment is that it has a much smaller allocation to the large ASX blue-chip shares than the overall ASX share market, so I believe the Future Generation Australia portfolio gives more exposure to ASX growth shares, which could perform more strongly over the long-term.

These fund managers are all working pro bono – for free – to enable Future Generation Australia to donate 1% of its net assets each year to youth-focused charities.

This ASX dividend share started paying shareholders dividends in 2015 and has increased its annual payout every year since then. Its guided FY26 payout of 7.6 cents per share translates into a grossed-up dividend yield of 8%, including franking credits, at the time of writing.

The post Forget term deposits! I’d buy these ASX dividend shares instead appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Future Generation Australia and Wcm Global Growth. 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.