Category: Stock Market

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

What did Horizon Oil Ltd report?

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

What else do investors need to know?

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

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

What’s next for Horizon Oil Ltd?

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

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

Horizon Oil share price snapshot

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

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

More reading

• Horizon Oil: FY26 production hits record high

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

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

What did Omni Bridgeway report?

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

What else do investors need to know?

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

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

What’s next for Omni Bridgeway?

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

Omni Bridgeway share price snapshot

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

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

More reading

• Buying ASX shares? Here’s what the latest inflation data means for interest rates
• Waypoint REIT posts distributable earnings growth and confirms FY26 outlook
• Own Qantas shares? Here’s how much the latest dividend will pay
• Horizon Oil FY26 results: Record production and expanding platform
• 2 ASX mining shares Shaw and Partners says could return 150% to 250%

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

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

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

Let’s see who they like.

Brightstar Resources Ltd (ASX: BTR)

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

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

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

Brightstar Managing Director Alex Rovira said:

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

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

Yandal Resources Ltd (ASX: YRL)

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

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

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

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

The broker said:

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

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

More reading

• Brightstar Resources posts record gold drilling intercepts at Sandstone
• Brightstar Resources results: 4.5Moz gold resource and production plans advance
• Brightstar Resources provides Goldfields Project update as construction forges ahead
• Brightstar Resources drills thick gold intercepts to expand Sandstone scale

Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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

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

What did Greatland Resources report?

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

What else do investors need to know?

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

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

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

What did Greatland Resources management say?

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

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

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

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

What’s next for Greatland Resources?

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

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

Greatland Resources share price snapshot

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

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

More reading

• Macmahon Holdings awarded $485m Telfer contract extension
• Here are the top 10 ASX 200 shares today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

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

What did 29Metals report?

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

What else do investors need to know?

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

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

What’s next for 29Metals?

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

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

29Metals share price snapshot

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

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

More reading

• 29Metals: HY26 earnings show revenue up, mine progress on track
• Buy, hold, sell: Evolution Mining, 29Metals, Rio Tinto shares

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Jumbo Interactive Ltd (ASX: JIN) share price is down 6.5% to $7.20 on Thursday.

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

What did Jumbo Interactive report?

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

What else do investors need to know?

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

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

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

What did Jumbo Interactive management say?

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

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

What’s next for Jumbo Interactive?

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

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

Jumbo Interactive share price snapshot

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

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

More reading

• Buying ASX shares? Here’s what the latest inflation data means for interest rates
• Waypoint REIT posts distributable earnings growth and confirms FY26 outlook
• Own Qantas shares? Here’s how much the latest dividend will pay
• Horizon Oil FY26 results: Record production and expanding platform
• Omni Bridgeway share price falls after profit drops 89% in FY26

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Jumbo Interactive. The Motley Fool Australia has recommended Jumbo Interactive. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

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

• Wesfarmers posts higher earnings, lifts dividend in FY26 results
• 5 things to watch on the ASX 200 on Thursday
• Wesfarmers shares: Why experts are saying sell
• 5 things Warren Buffett looks for before buying ASX shares
• 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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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.