Category: Stock Market

The Perenti Ltd (ASX: PRN) share price is in focus today after the diversified mining services group announced an agreement to divest its BTP Group business for $100 million. The sale will see Perenti receive an initial $80 million cash payment and a further $20 million after 12 months, supporting the company’s strategy to focus on higher returning opportunities.

What did Perenti report?

• Perenti will divest its BTP Group equipment rental and parts business for $100 million to Beetle Industries Pty Ltd.
• An initial $80 million cash payment is due upon completion, with a $20 million deferred payment 12 months later.
• The transaction will result in a non-cash loss of approximately $64 million in FY26 accounts.
• Completion is expected by the end of October 2026, subject to usual approvals and conditions.

What else do investors need to know?

The divestment is the result of a strategic review, with Perenti seeking to optimise its portfolio and allocate capital to higher-return areas of its business. The BTP sale frees up funds to support recent contract wins at Bellevue Gold in Australia and Fourmile in the USA, as well as potential growth opportunities.

The new owner, led by a consortium headed by Cratus Group, will fund the acquisition through a combination of debt and equity. The deferred payment has no performance conditions attached, providing Perenti certainty of proceeds.

What did Perenti management say?

Managing Director & CEO Vanessa Torres said:

Following a strategic review of our portfolio, we have agreed to divest our parts and equipment hire business. The transaction reflects our continued focus on actively managing our portfolio and allocating capital to businesses aligned with our competitive strengths in a way that maximises the Group’s total shareholder returns. While BTP’s performance has been impacted by market headwinds in recent years, its team has remained committed and worked diligently to support the profitability of the business. We believe the new ownership structure will provide a strong platform for BTP to pursue future opportunities and long-term success.

What’s next for Perenti?

Looking ahead, Perenti will use the BTP sale proceeds to fund new and existing operations with higher margins and growth potential. Management says this allows them to back recent wins and explore more opportunities aligned with their core strengths.

The company will also continue to focus on its active tender pipeline and consider further organic and inorganic growth moves as part of its evolving portfolio strategy.

Perenti share price snapshot

Over the past 12 months, Perenti shares have risen 18%, outperforming the All Ordinaries Index (ASX: XAO), which is flat over the same period.

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The post Perent to divest BTP Group for $100 million 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 Pro Medicus Ltd (ASX: PME) share price is on watch today after the company announced a new 7-year, A$25 million contract with Valley Health in the United States, covering its full suite of cloud-based medical imaging solutions.

What did Pro Medicus report?

• Signed a 7-year, A$25 million contract with Valley Health in the U.S.
• Valley Health will implement Visage 7 Viewer, Workflow, Open Archive and Cardiology Imaging
• Contract to be delivered using a cloud-based, transaction-based pricing model
• Migrating Valley Health’s legacy PACS archive to Visage 7 Open Archive
• Go-live implementation target set for Q1 of calendar year 2027

What else do investors need to know?

The Valley Health contract continues Pro Medicus’ momentum in the North American market, expanding its reach in the Mid-Atlantic region. This deal showcases the company’s growing reputation for delivering unified, cloud-based imaging solutions.

Importantly, Valley Health chose to adopt the full range of Visage 7 products, including the cardiology module—reflecting ongoing industry trends toward platform consolidation and cloud adoption. With its flexible, transaction-based pricing, Pro Medicus may also see further upside as usage grows.

What did Pro Medicus management say?

Pro Medicus CEO, Dr Sam Hupert, commented:

Valley Health provides award-winning care to their patients and is committed to improving the health of their region. They join our established customers in Virginia and the Mid-Atlantic, reflecting an ever-growing list of Visage 7 clients opting for our fully cloud-based platform, which, as a result of our CloudPACS strategy, is becoming the standard in the North American healthcare IT market.

What’s next for Pro Medicus?

Planning for the Valley Health rollout will commence immediately, with go-live aimed for the first quarter of 2027. The company expects continued growth from its ‘Full Stack +1’ offering, catering to health enterprises looking to modernise and unify their imaging systems.

With a strong pipeline across all segments and growing demand in North America, Pro Medicus appears well placed to build on its position as a leading provider of cloud-based medical imaging software.

Pro Medicus share price snapshot

Over the past 12 months, the Pro Medicus share price has underperformed the S&P/ASX 200 index (ASX: XJO) with a disappointing decline of around 33%.

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The post Pro Medicus signs A$25m US contract: What it means for investors appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Pro Medicus. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has recommended Pro Medicus. 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 Elevra Lithium Ltd (ASX: ELV) share price is in focus today after the lithium miner announced a binding supply agreement with Mangrove Lithium for long-term spodumene concentrate supply, featuring a price floor above production costs and no ceiling on potential pricing upside.

What did Elevra Lithium report?

• Signed a 7-year binding Spodumene Concentrate Supply Agreement with Mangrove Lithium, with a further 7-year renewal option
• Year 1 contracted volume: 122,000 dry metric tonnes (dmt); Year 2 onwards: 144,000 dmt per annum, take or pay
• Agreement includes a price floor above North American Lithium (NAL) production costs, and no price ceiling
• Performance subject to Mangrove Lithium achieving final investment decision (FID) by 31 December 2028
• Both Elevra and Mangrove have received investment support from the Canada Growth Fund

What else do investors need to know?

The agreement secures Elevra a stable, long-term local customer for its Québec-based NAL production, reducing exposure to volatile seaborne shipping costs and providing more predictable margins. This collaboration also strengthens Elevra’s presence in the North American lithium market, aligning with Canadian government initiatives to build a domestic battery supply chain.

Deliveries to Mangrove’s planned Eastern Canada conversion facility support a regional mine-to-chemicals supply chain. The agreement allows for flexible contracted volumes and further optional purchases before commercial operation, providing additional upside if Mangrove scales faster.

What did Elevra Lithium management say?

Elevra’s Chief Executive Officer and Managing Director, Lucas Dow, said:

This binding agreement with Mangrove Lithium is a significant step forward from the MoU we announced. It provides Elevra with a long-term local customer for NAL production on attractive terms, backed by a price floor set above our expected cost of production and with no price ceiling to limit potential upside. Supplying a customer located close to NAL also allows us to avoid the seaborne freight costs associated with shipping to international customers, which further supports our margins.

We are pleased that both Elevra and Mangrove Lithium have separately attracted the support of the Canada Growth Fund. That shared backing is a strong signal of the Canadian government’s commitment to building a domestic lithium supply chain.

What’s next for Elevra Lithium?

Looking ahead, Elevra Lithium will work with Mangrove as it seeks financing and final approval for the Canadian conversion facility. If all conditions are met, Elevra will benefit from consistent local demand and protection against downside price risk while remaining exposed to upside in global spodumene prices.

This agreement fits Elevra’s strategy of growing its North American presence and supporting the development of regional battery manufacturing infrastructure. Investors can watch for progress updates as Mangrove advances toward final investment decision and commercial operations.

Elevra Lithium share price snapshot

The Elevra Lithium share price has smashed the S&P/ASX 200 index (ASX: ELV) over the past 12 months with a whopping gain of approximately 130%.

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The post Elevra Lithium share price on watch amid new long-term Mangrove supply deal 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 BSP Financial Group Ltd (ASX: BFL) share price is in focus after the bank reported first-half 2026 statutory net profit after tax of K619.9 million, up 8.4%, and revenue of K1.89 billion, an increase of 17.7%.

What did BSP Financial Group report?

• Revenue: K1.89 billion (A$620.2 million), up 17.7% on the prior corresponding period
• Net profit after tax: K619.9 million (A$203.9 million), up 8.4%
• Interim dividend: K0.54 per share, up 8.0%
• Cost to income ratio: 43.8%, within the 42-45% guidance range
• Capital adequacy ratio: 25.3%, comfortably above regulatory requirements
• Return on equity (ROE): 23.9%

What else do investors need to know?

BSP Financial Group highlighted ongoing investment in its ‘Modernising for Growth’ program, resulting in higher employment costs and technology upgrades. The business continues to grow its lending portfolio and enhance digital offerings, while also expanding financial inclusion initiatives like the BSP Wantok Wallet, now used by over 278,000 customers.

During the half, BSP became the exclusive banking partner for the 2026 Rugby League World Cup. The company also announced plans for a new purpose-built headquarters in Port Moresby, aiming to support future growth and establish a significant commercial presence in Papua New Guinea’s capital.

What did BSP Financial Group management say?

Group Chief Executive Officer Mark T. Robinson said:

Our strong first-half performance reflects the success of our diversified business, ongoing investment in our growth strategy, and the dedication of our people.

What’s next for BSP Financial Group?

Management shared an optimistic medium-term outlook, buoyed by a pipeline of major resource projects in Papua New Guinea and the South Pacific. However, BSP noted short-term risks such as the impact of El Niño on agriculture and resources output.

The company is focused on implementing its multi-year Modernising for Growth program, continuing to invest in technology, customer service, and community initiatives, while maintaining prudent capital management to support lending and shareholder returns.

BSP Financial Group share price snapshot

Over the past 12 months, BSP Financial shares have risen 5%, trailing the All Ordinaries Index (ASX: XAO), which has been flat over the same period.

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The post BSP Financial Group earnings: Profit and revenue up for H1 2026 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 Ramelius Resources Ltd (ASX: RMS) share price is in focus after the gold miner reported FY26 revenue of $1,032.8 million, up 1% year on year, and a fully franked final dividend of 3 cents per share.

What did Ramelius Resources report?

• Revenue: $1,032.8 million, up 1% from FY25
• Underlying EBITDA: $765.4 million, down 7%
• Net profit after tax (NPAT): $118.8 million, down 75%
• Dividends: 6.0 cents per share total for FY26 (3.0 cents interim, 3.0 cents final), both fully franked
• Gold produced: 192,182 ounces at an All-in Sustaining Cost (AISC) of A$1,983/oz
• Net tangible asset backing per share: $2.08, up 27%

What else do investors need to know?

Ramelius completed the acquisition of Spartan Resources Limited during the year, adding the high-grade Dalgaranga gold mine to its portfolio. The company’s 2026 acquisition and plant integration program saw a $2.8 billion transaction, boosting resource and reserve estimates and expanding Dalgaranga’s mine life.

During FY26, Ramelius also announced the sale of the Edna May hub for $300 million. A $250 million share buy-back program was launched, with $141.8 million of shares repurchased so far, benefitting existing shareholders. The company continues to run a Dividend Reinvestment Plan, giving eligible shareholders the option to reinvest dividends.

What’s next for Ramelius Resources?

Ramelius expects to update its 4-Year Production Outlook and capital expenditure profile in the September quarter, following the award of the Mt Magnet mill upgrade contract. The company is targeting production of over 500,000 ounces per year by FY30, underpinned by further development of Dalgaranga, Rebecca-Roe, and exploration at existing projects.

With a robust cash and gold position of $649.6 million at year-end, Ramelius is well-placed to fund growth, continue capital returns, and adapt to market conditions. Management notes positive project economics at Rebecca-Roe and ongoing efforts to optimise the Mt Magnet-Dalgaranga integration.

Ramelius Resources share price snapshot

Over the past twelve months, the Ramelius Resources share price has outperformed the S&P/ASX 200 index (ASX: XJO) with a gain of 35%, lifted by robust gold prices and project milestones.

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The post Ramelius Resources reports profit drop, expands growth plans in 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 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 Regis Resources Ltd (ASX: RRL) share price is in focus as the company posts a record net profit after tax of $715 million and declares fully franked final dividends of 20 cents per share, including a 5 cent special dividend.

What did Regis Resources report?

• Gold sales revenue rose 43% to $2.349 billion in FY26 from 373,879 ounces sold at an average $6,283 per ounce.
• Record net profit after tax (NPAT) of $715 million, up 181% year-on-year.
• EBITDA reached $1.345 billion, an increase of 72%, with an EBITDA margin of 57%.
• Fully franked final dividends of 20 cents per share declared, totalling $151 million, bringing total FY26 dividends to 35 cents per share ($265 million) and a 6.1% yield.
• Cash and bullion increased to $1.184 billion, up $667 million from the previous year.
• FY26 gold production was 379,050 ounces at an all-in sustaining cost (AISC) of $2,945 per ounce.

What else do investors need to know?

The company’s strong earnings performance allowed for record dividend payments, reflecting its updated capital management policy. Along with ongoing investment in production and development, Regis continues to prioritise shareholder returns with a 39% payout ratio this year.

Regis spent $23 million advancing the McPhillamys Gold Project and maintained a healthy balance sheet after $307 million in tax and dividend payments. The company returned to paying regular income tax instalments during FY26, with future tax payments expected to remain strong.

Dividend key dates are: ex-dividend on 10 September 2026, record date on 11 September, and payment on 7 October. The dividend reinvestment plan remains suspended.

What did Regis Resources management say?

Regis Resources CEO and Managing Director Jim Beyer said:

Regis has delivered an outstanding result for FY26, generating record net profit after tax of $715M, record EBITDA of $1.345B and record statutory operating cash flows of $1.247B. This performance reflects the consistency of our operations and the continued strengthening of our balance sheet.

What’s next for Regis Resources?

Looking ahead, Regis has reaffirmed its FY27 guidance, targeting between 360,000 and 400,000 ounces of gold production and group AISC of $2,990–$3,390 per ounce. Growth capital of $250–$270 million is weighted towards the first half, as new open pits are developed and the Rosemont Stage 3 project progresses.

The company’s unhedged position and strong cash balance put it in good shape to invest further in operations and growth opportunities, while keeping shareholder returns front of mind. Management projects a “catch-up” tax payment of $220–$240 million later in the year as part of its ongoing obligations.

Regis Resources share price snapshot

Over the past 12 months, Regis Resources shares have risen 84%, significantly outperforming the S&P/ASX 200 Index (ASX: XJO).

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The post Regis Resources delivers record FY26 profit and dividends 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.

Telstra Group Ltd (ASX: TLS) shares tumbled further into the red on Thursday.

At the close of the ASX on Thursday afternoon, the ASX telco stock had tumbled around 1% and ended the day at an annual low of just $4.71 a piece.

The shares are now down over 6% since the company posted its FY26 update last week, and have now shed around 16% of their value from a 10-year high of $5.55 recorded in mid-May.

For the year to date, Telstra shares are down around 4%.

What pushed Telstra shares to a fresh low this week?

It looks like the telco’s FY26 results announcement last week was the catalyst. 

The company posted a 0.8% decline in revenue, a 4.9% increase in NPAT, and a 4% increase in EBITDA.

Telstra also posted a final dividend of 10.5 cents per share with 90.48% franking, up 10.5% from the 9.5 cents with 100% franking paid in FY25.

The company also announced a further on-market share buyback of up to $1 billion. Telstra completed its $1.25 billion on-market share buyback in June. 

In FY 2027, Telstra expects continued underlying EBITDA growth with an earnings guidance range between $8.5 billion and $8.8 billion.

It looks like the results were a miss versus expectations, and investors weren’t too thrilled. They’ve continued taking their gains off the table following a huge rally earlier this year.

So, what’s next?

Here’s what the experts have to say.

Here’s the outlook for Telstra shares over the next 12 months

It looks like analysts and brokers are reserved about the outlook for the telco stock following its results.

Market Index data shows that the majority of brokers have a hold rating on the shares. But the $5.06 average target price now implies around an 8% upside at the time of writing.

Similarly, on TradingView, the majority of analysts also have a hold rating on Telstra shares. The average $5 target price implies around a potential 7% upside at the time of writing. But the range between the minimum and maximum is quite large. Some think the shares could fall another 10% to $4.20, and others think the shares could jump 17% higher to $5.50 a piece, over the next 12 months.

Morgans confirmed its hold rating and $5 target price on Telstra shares following the announcement. The broker said the result and FY27 guidance are largely as expected, with FY26 itself coming in at the middle-to-top end of guidance.

Bell Potter agrees that the Telstra result is largely in line with expectations, although total income and NPAT were softer than forecasts. The broker has a hold rating but lowered its target price to $4.80.

The post Telstra shares hit fresh 52-week low: What’s next for the ASX 200 telco stock? appeared first on The Motley Fool Australia.

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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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Guzman y Gomez Ltd (ASX: GYG) share price is in focus today after the company reported record underlying earnings for FY26 and completed its exit from US operations. Network sales rose 17.9% to $1.38 billion, while underlying EBITDA surged 28.7% to $85.0 million.

What did Guzman y Gomez report?

• Network sales jumped 17.9% year on year to $1,377.8 million
• Underlying EBITDA increased 28.7% to $85.0 million
• Statutory NPAT lifted 31.6% to $40.6 million; underlying NPAT up 29.7% to $53.4 million
• Opened 35 new restaurants during FY26, taking the total to 284 globally as at 30 June 2026
• Declared a fully franked full year dividend of 48.0 cents per share, including a special dividend
• Completed exit from US operations, with statutory group NPAT loss (inc. discontinued ops) of $(26.7) million

What else do investors need to know?

Guzman y Gomez maintained a strong balance sheet, finishing the year with $171 million in cash and no debt. The company deployed $100 million in share buybacks during the year and announced a further $100 million buyback.

Restaurant network expansion remains a key priority, with 117 Australian sites in the pipeline and plans to open 35 new Australian restaurants in FY27. Technology investment was highlighted, including deployment of AI tools to streamline kitchen operations.

GYG welcomed two new non-executive directors, George Wahby and Guy Fowler, whose appointments bring additional experience in scaling businesses. Their nominations are subject to shareholder approval later in 2026.

What did Guzman y Gomez management say?

Guzman Y Gomez’ founder and co-CEO, Steven Marks, said:

This year marks the twentieth anniversary since we opened our first GYG restaurant in Newtown, Sydney. I am incredibly proud of the growth we have delivered in that time, the people who have delivered it and the strength of the operating platform we have built.

Our Australia Segment has reported network sales of $1.4 billion, up 17.9% on last year, demonstrating continued consumer demand for clean, fresh, made-to-order food, loaded with flavour and prepared at speed. This momentum has translated into strong earnings growth, with underlying EBITDA up 28.7%, highlighting the strong operating leverage embedded in our business.

What’s next for Guzman y Gomez?

Looking ahead to FY27, Guzman y Gomez is targeting the opening of 35 new restaurants in Australia and expects underlying EBITDA margin as a percentage of network sales to expand to 6.7–6.9%. Early trading in FY27 is positive, with strong comp sales growth reported.

Over the medium term, GYG aims for continued network expansion, steady comp sales growth, margin improvement from drive-thru penetration, and ongoing investment in digital and operational efficiencies. The company continues to target underlying EBITDA margin of around 10% of network sales.

Guzman y Gomez share price snapshot

The Guzman Y Gomez 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 almost 20%.

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The post Guzman y Gomez delivers record FY26 results, launches new buyback 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 MGX Resources Ltd (ASX: MGX) share price is in focus as the company reported a net loss after tax of $30.2 million and completed a major transition from iron ore to gold during FY26.

What did MGX Resources report?

• Sales revenue of $204.0 million, down from $330.5 million the previous year
• Iron ore sales of 2.68 million tonnes, including 1.81 million tonnes of low-grade material
• Profit before tax and impairments was $29.1 million
• Reported net loss after tax of $30.2 million, narrowing from $82.2 million loss in FY25
• Cash and investments of $412.1 million at 30 June 2026
• Koolan Island divestment agreement for at least $20.2 million plus revenue share and rehabilitation cost assumption

What else do investors need to know?

The year was a turning point for MGX Resources as it repositioned its business from iron ore towards precious metals. The company completed the Koolan Island low-grade iron ore sales program, generating positive cash flow and fully funding site rehabilitation and wind-down activities.

MGX executed a binding agreement to divest Koolan Island to Crestlink, helping preserve its strong, debt-free balance sheet. The company also acquired a 50% interest in the Central Tanami Project Joint Venture, fast-tracking its entry into Australian gold production.

What did MGX Resources management say?

MGX Resources CEO Peter Kerr said:

MGX completed a successful transitional year with the low-grade sales program at Koolan Island surpassing expectations to generate positive cashflow to fully fund site rehabilitation and ramp-down activities

Together with the recently announced agreement to divest Koolan Island to logistics proponent Crestlink, this helped MGX preserve its strong debt-free balance sheet which will enable the business to focus on accelerating the high-grade Central Tanami Gold Project towards a development decision.

MGX is well positioned to utilise its hard-earned iron ore cash reserves to realise substantial shareholder value as it seeks to create a new high-quality Australian gold production business.

What’s next for MGX Resources?

Looking ahead, MGX will focus on completing the Koolan Island divestment and fully transitioning operations to gold. The company is accelerating work at the Central Tanami Gold Project, including resource definition drilling, infrastructure upgrades, and pushing towards a development decision.

MGX plans to leverage its significant cash reserves and mining expertise to develop the Tanami project and grow its footprint in Australian gold production.

MGX Resources share price snapshot

Over the past 12 months, MGX Resources shares have declined 8%, trailing the All Ordinaries Index (ASX: XJO), which is flat over the same period.

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The post MGX Resources narrows FY26 loss as it moves from iron ore to gold appeared first on The Motley Fool Australia.

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The James Hardie Industries plc (ASX: JHX) share price is in focus today after the company announced the divestiture of its European operations, including the sale of Fermacell to Holcim for €840 million (around $980 million USD).

The deal is expected to speed up debt reduction and support the return of capital to shareholders, with a new $250 million share repurchase program also unveiled.

What did James Hardie report?

• Firm has agreed to sell its European sustainable walling and flooring business Fermacell to Holcim for €840 million in cash.
• Proceeds will be used to repay about $600 million in debt and to fund a $250 million share buyback.
• The transaction is expected to be accretive to the company’s margin profile and return on invested capital (ROIC) post-completion.
• James Hardie also plans to close its European fiber cement operations, sharpening focus on its core growth markets.
• The deal is targeted to close in the first half of calendar 2027, subject to regulatory and employee procedures.

What else do investors need to know?

James Hardie’s strategic shift is part of a broader plan to align its portfolio with long-term growth opportunities and market leadership in core regions. The funds from the Fermacell sale will reduce James Hardie’s net leverage toward a target of below 2.0x by September 2027.

Additionally, the Board’s $250 million share buyback authorisation demonstrates a commitment to delivering shareholder returns. The closure of the European fiber cement business, while significant, also signals a more focused approach to investment and innovation in key growth markets such as North America and Asia-Pacific.

What did James Hardie management say?

James Hardie’s CEO, Aaron Erter, commented:

The strategic divestiture of our European operations and the intended closure of the European fiber cement business will enable us to focus on our highest growth and return opportunities. We believe this divestiture will strengthen our balance sheet, deliver compelling value for our shareholders and position the Fermacell business for long-term success under Holcim’s ownership. We are deeply grateful to our talented team members across Europe, whose expertise and hard work have made meaningful contributions to James Hardie, and we are committed to supporting impacted European fiber cement employees.

What’s next for James Hardie?

James Hardie expects the transaction to be completed in the first half of 2027, pending usual closing conditions. The focus post-sale will be on reducing debt further and potentially more capital management initiatives, including share buybacks.

The divestment and business closure will allow James Hardie to direct resources toward markets and segments with the most potential for sustainable growth and improved returns. Management has indicated a continued appetite for innovation and investment in these core markets.

James Hardie share price snapshot

It has been a strong 12 months for the James Hardie share price. During this time, the company’s shares have outperformed the S&P/ASX 200 index (ASX: XJO) with a gain of almost 50%.

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The post James Hardie sells European business, launches share buyback 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.