Author: openjargon

Three ASX shares have received fresh buy ratings from the team at Bell Potter following earnings results. 

In good news for prospective investors, price targets now indicate almost 50% upside. 

Here is what the broker had to say. 

Cedar Woods Properties Ltd (ASX: CWP)

The Australian property development company reported its full-year results yesterday.

Overall, the broker believes Cedar Woods delivered a stronger-than-expected FY26, with NPAT growth of 36%, ahead of its 30% to 35% guidance. 

Management guided to 15% NPAT growth in FY27, well above Bell Potter’s prior 7.3% forecast and consensus at 7.9%.

CWP is well placed to weather a weaker residential sales environment with FY27 and FY28 revenues 90% and c. 40% (BPe) de-risked, as well as modest gearing (18%). Beyond FY27, we see +5.9% NPAT growth in FY28 as settlement volumes continue to grow and margins remain broadly steady.

Based on this guidance, Bell Potter retained its buy recommendation and increased its price target to $9.80 (previously $9.30). 

From current levels, this indicates an upside potential of roughly 27% for these ASX shares.  

GenusPlus Group Ltd (ASX: GNP)

GenusPlus Group is an Australian infrastructure services provider specialising in the end-to-end design, construction, and maintenance of electrical transmission networks, substations, battery energy storage systems, and telecommunications infrastructure.

The company released full-year results yesterday, which included record revenue of $1.281 billion, surging 70.5% year on year, and normalised EBITDA of $100.8 million, up by nearly 50%.

The team at Bell Potter viewed the result as largely positive, with recurring revenue set to rise sharply to $764 million, a $2.2 billion orderbook, and $3.6 billion tender pipeline, while the balance sheet strengthened significantly to $380 million net cash.

GNP enters FY27 with a materially higher tender pipeline of $3.6b (vs $2.6b at 31December 2025) across the transmission, BESS, rail and wind development markets. GNP’s FY27 PE of 17.9x is undemanding; we see potential for a re-rate towards 20-22x in the short-term, a justified premium to the peer group average.

The broker retained its buy recommendation on these ASX shares, and has a $12.80 price target, indicating 47% upside from current levels. 

Propel Funeral Partners Ltd (ASX: PFP)

Propel Funeral Partners also reported full-year results yesterday.

The company posted FY26 revenue of $226.6 million, and declared a fully-franked final dividend of 6.9 cents per share.

Bell Potter said this came in at the mid-point of the guidance. 

The broker has retained its buy recommendation, and now has a $3.70 price target on these ASX shares. 

This indicates 16% upside from current levels. 

The post Three ASX shares set to rise up to 47% – Expert appeared first on The Motley Fool Australia.

More reading

• Propel Funeral Partners posts steady FY26 earnings and maintains dividend
• GenusPlus Group FY26 earnings: Record results and outlook
• Cedar Woods reports record earnings and targets 15% FY27 profit growth
• 2 ASX shares tipped to grow 40% or more in the next 12 months
• 2 top ASX shares to buy and hold for the next decade

Motley Fool contributor Aaron Bell 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 GenusPlus Group. The Motley Fool Australia has recommended Cedar Woods Properties and GenusPlus Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Brazilian Rare Earths Ltd (ASX: BRE) share price is in focus today after the company revealed a major step forward at its Monte Alto project, with drilling results showing ultra-high-grade rare earth extensions not included in its current mineral estimate and a new growth corridor emerging in the north.

What did Brazilian Rare Earths report?

• ~10,000 m of new diamond drilling at Monte Alto has expanded the high-grade mineralised envelope by around 50% compared to the February 2026 model.
• Southern extension: 25.6 m at 17.4% TREO, including 8 m at 28.1% TREO (MADD0230).
• Eastern/down-dip extension: 9.4 m at 21.8% TREO, including 6.2 m at 25.4% TREO (MADD0093).
• Strong infill and step-out results across several fronts, with multiple intercepts exceeding 20% TREO and individual assays up to 36.5% TREO.
• Major critical mineral credits: niobium oxide up to 1.1%, scandium, tantalum and uranium also present at elevated grades.
• None of these new results are yet included in Monte Alto’s Mineral Resource Estimate or production case.

What else do investors need to know?

The new drilling campaign has established several high-grade growth fronts to the south, east/down-dip, and north of the existing Monte Alto deposit. The mineralised system remains open in all directions, and a follow-up program of over 5,000 m is already underway to test further extensions.

A standout development is the unlocking of a northern corridor, where the company now has land access for a 1,400 m drill program to bridge the gap between the main deposit and a new high-grade northern discovery. These results create a clear pathway for resource growth, with potential mine life extension or increased production following the next resource update.

What did Brazilian Rare Earths management say?

CEO & Managing Director Bernardo da Veiga said:

Monte Alto continues to deliver the two outcomes that matter most for future resource growth: exceptional high-grade mineralisation beyond the margins of the existing model and stronger geological continuity within the deposit. Drillhole MADD0230 is a standout result – 25.6 metres at 17.4% TREO, including 8 metres at 28.1% TREO – while the MADD0093 extension confirms that the same high-grade, multi-element system continues down dip. The compelling step-out drill results delivered repeatable high grades across several growth fronts, and the infill program has returned both ultra-high-grade assays and broad mineralised envelopes.

The strategic significance is clear. The current Monte Alto production case is based only on drilling available to 22 February 2026. Since then, our team has successfully expanded the interpreted mineralised envelope volume to the south and east/down dip, while continuing to deliver ultra-high grades and advancing the open northern corridor. The additional scale immediately strengthens the Project’s value proposition and, subject to conversion into Mineral Resources, could create substantial value through mine-life extension or increased annual production.

What’s next for Brazilian Rare Earths?

Brazilian Rare Earths’ immediate focus is on completing over 5,000 m of additional drilling to further test and define high-priority growth vectors around Monte Alto. A new Mineral Resource Estimate is planned for the end of 2026, which will incorporate these results for the first time.

Alongside drilling, the company is progressing mine planning and scoping work, including an ongoing pre-feasibility study that could underpin either an extended mine life or boosted annual output. Regional drilling at nearby targets also continues, underlining a broader district-scale growth strategy.

Brazilian Rare Earths share price snapshot

Over the past 12 months, Brazilian Rare Earths shares have risen 96%, outperforming the All Ordinaries Index (ASX: XAO).

View Original Announcement

The post Brazilian Rare Earths unlocks new growth at Monte Alto with ultra-high-grade drilling appeared first on The Motley Fool Australia.

More reading

• Brazilian Rare Earths unveils Rocha da Rocha scoping study

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 FleetPartners Group Ltd (ASX: FPR) share price is in focus after the company shared an update on multiple indicative takeover proposals, including a new consortium offer of $3.85 per share in cash.

What did FleetPartners report?

• Received four non-binding, conditional acquisition proposals from separate parties, including SG Fleet, Element, ORIX, and a Sumitomo-led consortium.
• Latest proposal from the Sumitomo Consortium values FleetPartners at $3.85 per share in cash.
• Board agreed to provide all parties—including Sumitomo Consortium—with limited commercial and financial due diligence access.
• No dividends or other distributions to be declared, proposed or paid after the date of the proposal, as a condition of the consortium’s offer.
• Board remains open to engaging with new or revised proposals that benefit shareholders.

What else do investors need to know?

FleetPartners has made it clear that each proposal remains indicative and subject to further due diligence and negotiation. The Company’s board has not recommended any proposal at this stage, nor has it entered into binding agreements with any party.

Discussions are ongoing, and all potential transactions are subject to mutually accepted confidentiality agreements and further assessment. FleetPartners emphasised that there is no certainty any offer—including the latest consortium proposal—will proceed to a binding agreement.

What’s next for FleetPartners?

The board will continue to assess and engage with all interested parties to pursue outcomes in the best interests of shareholders. FleetPartners has reminded investors that shareholders do not need to take any action at this time.

Looking ahead, the company will provide updates in line with ASX continuous disclosure requirements as the process develops. Shareholders are encouraged to stay tuned for further information as offers progress.

FleetPartners share price snapshot

Over the past 12 months, FleetPartners shares have risen 51%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

View Original Announcement

The post FleetPartners shares in focus after multiple takeover offers appeared first on The Motley Fool Australia.

More reading

• FleetPartners opens due diligence to would-be buyers as Board considers proposals
• FleetPartners receives $3.60 takeover proposal from SG Fleet

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 Duratec Ltd (ASX: DUR) share price is in focus today after the company reported a record order book of $650.8 million, up 67% on last year, and a record normalised EBITDA of $58.5 million, up 10.5% on FY25.

What did Duratec report?

• Order book reached a new high of $650.8 million (up 67% year-on-year)
• Revenue of $570.3 million, steady compared to FY25
• Normalised EBITDA increased 10.5% to $58.5 million, with EBITDA margin up to 10.3%
• Net Profit After Tax rose 4.1% to $23.8 million
• Final fully franked dividend declared at 2.5 cents per share, total for FY26 at 4.25 cents
• Strong cash position of $78.8 million at 30 June 2026

What else do investors need to know?

Duratec delivered growth across several business areas, especially in Building & Facade, which achieved record revenue and margin improvements. Its Energy segment also expanded via acquisitions and strong project delivery, including international work in Papua New Guinea. The Defence, Mining & Industrial, and Emerging Sectors businesses reported strong pipelines and improved gross margins, despite some revenue variation due to project timing.

The company further broadened its portfolio with targeted acquisitions, growing expertise in technical advisory, asset integrity and new-build facade construction. Notably, Duratec’s equity interest in DDR Australia helped ramp up indigenous employment and supply chain participation, supporting long-term social and commercial outcomes.

What did Duratec management say?

Duratec’s Managing Director, Chris Oates, said:

FY26 was another year of solid operational performance for Duratec. While revenue was broadly in line with the prior year, we delivered record EBITDA, NPAT and EBITDA margin through disciplined project selection, strong project execution and the continued expansion of our self-perform capability

During the year we continued to strengthen the Group through targeted acquisitions, enhancing our capability across fuel infrastructure, asset integrity, specialist coatings, fabrication, engineering and decommissioning. These investments broaden our participation across the asset lifecycle and position Duratec to capture a larger share of growing maintenance, integrity and sustainment markets.

Importantly, we enter FY27 with a record order book of $650.8m, reflecting a number of strategically significant projects secured during FY26 now progressing into delivery, a diversified pipeline of opportunities and a strong balance sheet. Combined with increasing recurring revenue through Master Service Agreements and annuity-style contracts, we believe Duratec is well positioned to capitalise on opportunities across its key markets and continue creating long-term value for shareholders.

What’s next for Duratec?

Looking ahead, Duratec enters FY27 with a record work pipeline and high recurring revenue streams supporting a resilient earnings outlook. Key projects—such as the HMAS Stirling Diamantina Wharf upgrade, mining maintenance, and decommissioning contracts in Australia and PNG—will drive activity in the coming year.

Management remains positive on demand across core sectors, with favourable long-term conditions expected in Defence, Energy, mining asset remediation, and infrastructure upgrades. The company’s growing role in the asset lifecycle, plus new and recurring client agreements, puts it in a strong position for sustainable growth and value creation.

Duratec Limited share price snapshot

Over the past 12 months, Duratec shares have risen 44%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

View Original Announcement

The post Duratec reports record order book and dividend boost in FY26 earnings appeared first on The Motley Fool Australia.

More reading

• Duratec secures $70 million in new contracts across sectors

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 Netwealth Group Ltd (ASX: NWL) share price is in focus today after the company reported a record net profit after tax (NPAT) of $135.4 million, up 16.2%, and a fully franked final dividend of 21.0 cents per share.

What did Netwealth Group report?

• Total income rose 20.6% to $391.1 million
• EBITDA increased 18.0% to $192.9 million with a margin of 49.1%
• NPAT (excluding First Guardian expenses) was $135.4 million, up 16.2%
• Full-year dividend lifted 9.1% to 42.0 cents per share
• Funds Under Administration (FUA) hit $135.7 billion, up 20.3%
• Client accounts increased 12.4% to 182,276

What else do investors need to know?

Netwealth continued to record strong platform revenue growth across all key streams, with revenue per account up 6.7% year on year. Management pointed to strength in managed accounts, which saw funds under management surge 27.9% to $34.6 billion, cementing their role as a key growth engine.

Investments were deliberately stepped up in FY26, especially in technology, AI capabilities, product development, and supporting higher operational headcount. Netwealth also expanded its adviser and private wealth footprint, launching new capabilities such as Individual HIN and announcing a partnership with Morgan Stanley Wealth Management Australia.

What did Netwealth Group management say?

Netwealth’s CEO, Matt Heine, commented:

FY26 was a strong year for Netwealth. We delivered record Funds Under Administration, strong gross inflows, continued market share gains and attractive earnings growth, while maintaining our disciplined approach to investment and execution. Throughout the year, we continued to invest in our people, technology, governance, product capability and operational capacity. These investments are strengthening our competitive position, enhancing the client and adviser experience, and increasing our ability to support future growth.

What’s next for Netwealth Group?

Looking ahead to FY27, Netwealth is targeting FUA net flows of $18–20 billion, up as much as 30% on FY26 levels, along with an expected EBITDA margin of approximately 47%. The company’s strategic goal is to double its FUA over four years (the Dx30 ambition).

Netwealth will continue investing in technology, artificial intelligence, and client experience to maintain its growth momentum, expand into new markets and support increasing adviser and client demand.

Netwealth Group share price snapshot

Over the past 12 months, the Netwealth Group share price has significantly underperformed the S&P/ASX 200 index (ASX: XJO) with a decline of almost 40%.

View Original Announcement

The post Netwealth Group FY26 earnings: Record profits, platform and adviser growth appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Wednesday
• Could this ASX 200 tech stock be one of the best to own for the next decade?
• 5 ASX 200 broker buy ratings
• Here are the top 10 ASX 200 shares today
• Down 40% to 70%. Why I’d buy these ASX tech stocks before August

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 Netwealth Group. The Motley Fool Australia has positions in and has recommended Netwealth Group. 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 Woolworths Group Ltd (ASX; WOW) share price is in focus today as the company reported a 3.6% increase in Group sales to $71.5 billion and a 15.4% gain in net profit after tax (NPAT) before significant items, reaching $1.60 billion for FY26.

What did Woolworths Group report?

• Group sales rose 3.6% to $71.54 billion.
• EBITDA before significant items lifted 6.7% to $6.09 billion.
• EBIT before significant items increased 12.7% to $3.11 billion.
• NPAT before significant items jumped 15.4% to $1.60 billion.
• Final fully franked dividend of 52 cents per share, up 15.6% from last year.
• Group eCommerce sales rose 15.9% to $10.6 billion.

What else do investors need to know?

Woolworths’ key Australian Food business saw sales rise 4.6% and EBIT up 8.5%, with improved store execution and customer offers driving growth, particularly in the second half. E-commerce was a standout, with online food sales jumping by 18.6% and boosted by expanding On Demand delivery and new tech partnerships.

In New Zealand, sales increased by 2.5% (NZ dollars), but were dampened by weaker currency and disruption from store changes. The complementary businesses segment, including Petstock and PFD, also contributed stronger profits, with Petstock’s EBIT climbing 33.5%. BIG W returned to profit after a prior year loss, reflecting better stock management and stronger own-brand ranges.

What did Woolworths Group management say?

Woolworths Group CEO Amanda Bardwell said:

The action we have taken in F26 to deliver more value for customers, greater convenience and better execution has improved customer advocacy and sales momentum in our key Australian Food business, particularly in H2. Sales momentum together with strong productivity and cost discipline has delivered solid EBIT growth with an increased contribution from all trading segments.

Looking ahead, while we expect the challenging economic environment to continue with household budgets remaining under pressure, our strategy to deliver low prices and the best range and convenience gives us confidence we can be first choice for customers while delivering for our team and shareholders in the year ahead.

What’s next for Woolworths Group?

For the first eight weeks of FY27, Woolworths reported continued strong momentum in Australian Food, with a notable boost from the Disney Ooshies collectibles campaign. The focus is set to remain on value, technology-driven efficiency, and cost control as high wage growth and economic pressures continue.

In New Zealand and BIG W, trading conditions are expected to stay subdued. Woolworths aims to recover momentum through greater convenience, value offers, and enhanced product ranges. The Moorebank supply chain precinct is expected to deliver efficiency gains as it ramps up this year, helping offset supply chain investment costs.

Woolworths Group share price snapshot

The Woolworths share price has outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of around 16%.

View Original Announcement

The post Woolworths Group FY26 earnings: Sales, profit and dividend all grow appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Wednesday
• Are Woolworths shares a buy, sell or hold ahead of its FY26 results announcement?
• 5 things Warren Buffett looks for before buying ASX shares
• Want income for life? Here’s how I’d build an ASX dividend portfolio
• Why I’d buy Telstra, Woolworths, and Macquarie shares

Motley Fool contributor James Mickleboro has positions in Woolworths Group. 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.

S&P/ASX 200 Index (ASX: XJO) shares are not all created equal.

Some tend to perform better when the Aussie dollar is weaker against the US dollar and other foreign currencies. And some are prone to outperform amid a stronger Australian dollar.

Now, as you’re probably aware, the Aussie dollar is trading near a three-month high against the greenback.

On Tuesday afternoon it was worth 71.48 US cents. That’s up 7.0% since 16 January, when the exchange rate stood at just 66.81 cents.

We’ll look at which ASX 200 shares may catch tailwinds from the stronger domestic currency, and which might face headwinds, below.

But first…

What’s driving the Aussie dollar higher?

The recent strength of the Australian dollar versus US currency has been driven on several fronts.

First, global currency markets appear to have gotten the jitters, with public debt in the world’s biggest economy now topping US$40 trillion.

Then there are the efforts underway by the world’s number two economy to strengthen its own currency, which could further support the Aussie dollar and change the market dynamics for certain ASX 200 shares.

According to National Australia Bank Ltd (ASX: NAB) senior FX strategist Rodrigo Catril (quoted by The Australian Financial Review):

We shouldn’t forget that when it comes to currencies and the yuan, the Aussie has the strongest correlation to it. And the People’s Bank of China has made very clear that they want to see a stronger currency.

Catril added that the ongoing war with Iran and further increases in US public debt could see the Australian keep climbing to US 72 cents.

Now one last item of importance here. Namely, that currency moves are notoriously difficult to call, so a retrace is always possible in the weeks or months ahead.

With that said…

Which ASX 200 shares could be impacted by a stronger Aussie dollar?

Keeping in mind that a range of other factors could impact the performance of these ASX 200 shares – positively or negatively – more than any changes in the AUD exchange rate with the greenback, the first company I’d avoid buying amid a strengthening Aussie dollar is BHP Group Ltd (ASX: BHP).

Now there’s a lot to like about BHP shares, particularly the mining giant’s fast growing copper exposure.

However, most of the commodities that BHP digs up and sells are denominated in US dollars, while the company reports in Aussie dollars. So, a rising AUD could crimp BHP’s international earnings.

For similar reasons I’d avoid gold mining giant Northern Star Resources Ltd (ASX: NST) in this setting. That’s because gold is priced in US dollars, so a stronger AUD could also reduce Northern Star’s revenue and profit margins.

Turning to the first ASX 200 share that could benefit from a rising AUD we find Qantas Airways Ltd (ASX: QAN).

First a rising AUD could boost international travel demand from Aussie travellers. Second, much of Qantas’ costs – think jet fuel and aircraft parts and purchases – are priced in US dollars. So, a strong Aussie dollar could increase Qantas’ profit margins and earnings.

Which brings us to the second ASX 200 share I’d buy amid a strength Australian currency, JB Hi Fi Ltd (ASX: JBH).

That’s because JB Hi-Fi imports a lot of its merchandise, often priced in US dollars or other foreign currencies. As the Aussie dollar rises, those purchase prices will come down, supporting JB Hi-Fi’s margins and earnings.

The post 2 ASX 200 shares I’d buy and 2 I’d avoid amid a surging Aussie dollar appeared first on The Motley Fool Australia.

More reading

• Will CBA shares ever get back to the top of the ASX 200?
• 5 things to watch on the ASX 200 on Wednesday
• I put $25,000 into BHP shares 5 years ago. Here’s what it’s worth now
• How much passive income can I earn off my $800,000 superannuation balance?
• How I’d use ASX shares to build a second source of wealth

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

The HMC Capital Ltd (ASX: HMC) share price is in focus today after the company posted operating EPS of 40.4 cents per share (pre-tax) for FY26, meeting its guidance, and reported a 22% lift in recurring funds management revenue to $165.5 million.

What did HMC Capital report?

• Operating EPS (pre-tax) of 40.4 cents per share, in line with FY26 guidance
• Underlying EPS (pre-tax) of 30.2 cents, excluding discontinued operations
• Fee-generating AUM grew 15% to $16.9 billion
• Recurring funds management revenue up 22% to $165.5 million
• FY26 dividend declared at 12.0 cents per share
• Tangible assets and undrawn debt capacity of $1.9 billion

What else do investors need to know?

During FY26, HMC Capital expanded across all major verticals. Real estate fee-generating AUM increased to $9.0 billion, bolstered by solid growth in unlisted property strategies and ongoing deployment opportunities. In private credit, fee-generating AUM rose to $2.3 billion, supported by fresh institutional mandates and strong net inflows. The digital infrastructure and energy platforms also contributed to higher management revenues and strengthened the balance sheet, with key partnerships helping to fund future growth and development.

The company’s more focused strategy, which included capital recycling and building platforms with institutional backing, has positioned it for continued expansion. Management highlights a robust pipeline and a strong balance sheet, supporting additional investment opportunities in FY27.

What did HMC Capital management say?

HMC Managing Director and Group CEO, David Di Pilla, said:

During FY26, HMC made substantial progress against our strategic priorities to simplify, scale and strengthen our operations and position the business to create long-term value for security holders.

The Group secured significant new institutional capital commitments across Private Credit and Energy, continued to grow our Real Estate platform and advanced strategic capital recycling initiatives within Digital Infrastructure. These actions have given us dry powder to continue to grow… With significant liquidity and a proven ability to attract institutional capital, we are focused on deploying capital into opportunities that can drive higher returns and long-term recurring earnings growth.

What’s next for HMC Capital?

Looking to FY27, HMC Capital is targeting at least 16% growth in underlying earnings, with guidance for underlying EPS of at least 35 cents per share. This forecast is underpinned by more than 30% expected growth in recurring funds management revenue, a 35% rise in distributions from its co-investments, and further cost efficiencies.

The board has laid down an FY27 dividend guidance of 15 cents per share, a 25% increase on FY26, supported by the company’s growth in recurring earnings and ongoing capital recycling initiatives.

HMC Capital share price snapshot

The HMC Capital share price has struggled over the past 12 months, underperforming the S&P/ASX 200 index (ASX: XJO) with a decline of almost 25%.

View Original Announcement

The post HMC Capital share price on watch as FY26 earnings meet guidance, FY27 growth targeted appeared first on The Motley Fool Australia.

More reading

• The Koala Company jumps to profit in FY26: Earnings highlight strong growth
• I’d buy 164,557 shares of this ASX stock to aim for $500 a week of passive income
• Tabcorp lifts FY26 profit, unveils new tech acquisition
• WiseTech Global share price: FY26 earnings soar 79% on e2open acquisition
• Kelsian Group updates Tourism Portfolio sale, retains SeaLink Rottnest

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 Metallium Ltd (ASX: MTM) share price is in focus as the company reported the resumption of chlorinated testing at its Texas Technology Campus and confirmed its first revenue from the ECT MXene program.

What did Metallium report?

• Chlorinated Flash Joule Heating (FJH) testing to recommence this week at Gator Point, Texas
• First revenue under the ECT MXene testing agreement: US$500,000 payment underway, full receipt expected by week’s end
• Continued build-out at Gator Point, with Area 140 roof restoration due to finish in early September
• Expansion of on-site laboratory capabilities for advanced materials testing and FJH optimisation
• John Campo appointed as Texas-based Head of Engineering, adding 30 years’ industry experience

What else do investors need to know?

Metallium resolved a site and permitting issue at its Gator Point campus by securing additional land from Chambers County for nominal consideration. This has enabled the recommencement of testing and further expanded Metallium’s relationship with the local community and authorities.

The company has upgraded safety systems, operating procedures, and emergency readiness to support chlorinated testing. It has also invested in new analytical equipment for its laboratory, such as X-ray diffraction and thermogravimetric analysis, to accelerate testing and optimisation.

Preparations are advanced for the ECT MXene campaign, focusing on the application of Metallium’s FJH technology for innovative two-dimensional materials used in electronics, defence, and energy storage.

What did Metallium management say?

Managing Director & CEO Michael Walshe said:

With the site constraint now resolved, we can recommence chlorinated testing and continue progressing the FJH platform toward commercialisation. Our immediate focus is the planned 12-hour multi-reactor campaign in September

I would particularly like to thank Chambers County and the Chambers County Landfill for working constructively with us to reach a practical solution. Their support has been greatly appreciated and reflects the strong relationship we are continuing to build with the local community.

We are also continuing to expand the capability at Gator Point. The Area 140 roof is nearing completion, we are adding further analytical capability to our on-site laboratory, and preparations are underway for the ECT MXene testing campaign. The first US$500,000 ECT payment is also underway, with full receipt expected by the end of this week. John Campo’s appointment as Head of Engineering further strengthens the team as we continue to develop and scale the FJH platform.

What’s next for Metallium?

Looking forward, Metallium aims to complete key infrastructure at its Texas campus and push ahead with its multi-reactor campaign in September. The MXene testing program is expected to provide new commercial opportunities as advanced materials markets expand.

With a strengthened technical team and growing laboratory capabilities, the company’s focus remains on scaling up its proprietary FJH technology for critical and precious metals recovery, aligning with the demand for supply chain security and sustainability.

Metallium share price snapshot

Over the past 12 months, Metallium shares have declined 43%, significantly trailing the All Ordinaries Index (ASX: XAO)

View Original Announcement

The post Metallium resumes testing and records first commercial revenue appeared first on The Motley Fool Australia.

More reading

• Metallium reports breakthrough FJH technology results

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 Nine Entertainment Co Holdings Ltd (ASX: NEC) share price is in focus today after the company announced FY26 revenue growth of 3% to $2.19 billion and a 17% lift in group EBITDA to $379 million.

What did Nine Entertainment report?

• Revenue: $2.19 billion, up 3% on a continuing business basis
• EBITDA: $379 million, up 17% from FY25
• Net profit after tax (NPAT): $142.4 million, up 7%
• NPATA: $147.2 million, up 11%
• EPSA: 9.3 cents per share, up 11%
• Final dividend: 3.0 cents per share, unfranked, payable 22 October 2026

What else do investors need to know?

Nine has reshaped its portfolio this year, selling its stakes in Domain, Nine Radio, NBN, Darwin, Pedestrian, and Future Women, while acquiring QMS Outdoor. This strategy shifts the focus toward growth areas like streaming, outdoor and digital publishing, with these assets expected to drive over 60% of revenue and 70% of EBITDA in FY27.

Digital subscription revenues grew 12%, underpinned by strength in mastheads and Stan. The QMS Outdoor acquisition contributed a strong $55 million in EBITDA for its first three months with the group. Nine also broadened content licensing deals for AI applications, including an agreement with Microsoft.

What did Nine Entertainment management say?

Commenting on the results, Nine Entertainment’s CEO, Matt Stanton, said:

For the year to June 2026, we are pleased to report profit growth for Nine, and within this, for Streaming & Broadcast, Mastheads and Outdoor. Over the past 12 months, we have made material changes to our business portfolio, focusing on growth and digital assets whilst reducing our exposure to structurally challenged and smaller assets. These transactions add to our operational scale and create a higher growth and more resilient Nine, better positioned to create long term sustainable value for our shareholders.

What’s next for Nine Entertainment?

Looking ahead to FY27, Nine expects further revenue and earnings growth. Integration of QMS is expected to deliver cost synergies and double-digit EBITDA growth from Outdoor. Subscription businesses Stan and Digital Publishing, along with content licensing for AI, are set to remain key growth drivers.

Nine anticipates continuing digital subscription growth in publishing and more licensing revenue, while maintaining cost discipline. The group also expects future dividends to remain in the 60–80% payout range, though upcoming dividends are likely to be unfranked.

Nine Entertainment share price snapshot

The Nine Entertainment 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 around 42%.

View Original Announcement

The post Nine Entertainment posts higher FY26 earnings and boosts digital focus appeared first on The Motley Fool Australia.

More reading

• Chalice Mining: Expert review supports Gonneville timeline
• This ASX 200 gold stock could be a top buy after a ‘transformational’ year
• PolyNovo FY26 earnings: Revenue jumps, profit steady
• Deep Yellow delivers key Tumas milestones and secures project progress in Namibia
• How many Woodside shares do I need to buy to earn $10,000 a year in passive income?

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 Nine Entertainment. 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.