Category: Stock Market

Megaport Ltd (ASX: MP1) shares are flying higher in early morning trade on Thursday after the company posted its FY26 results.

At the time of writing, the shares have climbed around 8% to a fresh all-time high of $21.96 each.

Today’s increase means the shares are now up around 83% higher for the year-to-date and 52% higher than 12 months ago.

The update comes as Megaport posted a huge 37% increase in revenue, a 24% increase in EBITDA, and a 62% hike in group annual recurring revenue for FY26. Megaport’s revenue figures came in at the high end of its upgraded guidance. 

Clearly investors are pleased with the financial update, and many are rushing to snap up the company’s shares this morning while they’re still trading for cheap.

Megaport shares have rallied higher in 2026

The ASX tech shares have enjoyed an incredible rally over the past four months. Megaport shares rebounded strongly in May thanks to a run of good-news announcements and a reversal of investor sentiment.

The software-defined network (SDN) service provider has confirmed several new contracts since late-April, including a three-year compute and storage contract with a total contract value (TCV) of approximately US$25.1 million (A$35.4 million) and three additional binding contracts with two US AI customers, worth a TCV of approximately US$183 million and annualised recurring revenue (ARR) of approximately US$65 million. 

In early-June Megaport went into a trading halt ahead of the launch of a new fully underwritten $827.3 million entitlement offer. The company completed the institutional component of the offer, priced at $14.30 per share, on the 5th of June.

Today’s bumper FY26 results and run of contract wins confirms that the business is on track for growth.

But now the question is, can the Megaport shares keep climbing higher? Or have they now reached fair value?

Here’s what the experts think.

Here’s what brokers tip for the ASX tech shares over the next 12 months

We might see brokers and analysts revise their outlooks on Megaport shares in coming days, following today’s results announcement.

But at the time of writing, brokers are very bullish about where the shares could travel to next.

Market Index data shows all brokers agree to a buy rating on Megaport shares. The $24.42 average target price implies a potential 11% upside, at the time of writing.

According to TradingView data, the majority of analysts (14 out of 16) have a buy/strong buy rating on the ASX tech shares.

The average $23.29 target price implies a potential 6% upside at the time of writing. However, some are even more bullish and tip the shares to increase up to 39% to $30.55 over the next 12 months.

Macquarie recently said it is impressed with the company’s latest contract wins. The broker said Megaport provides AI exposure for investors with shorter lead times and less capital expenditure than data centre operators. It has a buy rating and a $27.80 price target for the shares.

The post Here’s what brokers tip for Megaport shares over the next 12 months 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 positions in and has recommended Megaport. 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 WAM Microcap Ltd (ASX: WMI) share price is in focus after the company declared a fully franked final dividend of 5.35 cents per share for FY26, bringing the total fully franked dividend for the year to 10.7 cents per share. The investment portfolio delivered a tiny 0.1% return for the year, lagging its benchmark.

What did WAM Microcap report?

• Fully franked final dividend of 5.35 cents per share, taking the full year payout to 10.7 cents per share
• Fully franked dividend yield of 7.6% (grossed-up, 10.9%) based on 19 August 2026 share price
• Investment portfolio return of 0.1% for FY26, compared to S&P/ASX Small Ordinaries Accumulation Index return of 8.1%
• Operating loss before tax of $2.4 million (previous year: profit of $59.7 million)
• Operating loss after tax of $0.1 million (previous year: profit of $43.6 million)
• Dividend Reinvestment Plan (DRP) available with a 2.5% discount for the final dividend

What else do investors need to know?

WAM Microcap has now paid a total of 80.7 cents per share in fully franked dividends since listing in 2017, or 115.3 cents per share including the benefit of franking credits. The 2026 result reflects a tough year, driven by underperformance in micro-cap industrials and limited exposure to the booming resources sector.

Despite this, WAM Microcap continues to focus on identifying undervalued micro-cap companies, aiming to deliver capital growth and income to shareholders. The portfolio remains diversified across sectors including industrials, consumer discretionary, and technology.

What did WAM Microcap management say?

Chairman Geoff Wilson AO said:

We are pleased to declare a fully franked final dividend of 5.35 cents per share for WAM Microcap shareholders, taking the fully franked full year dividend to 10.7 cents per share. The benefits of the listed investment company structure, together with the profits reserve available, have enabled the Board to continue to provide fully franked dividends to shareholders through market cycle.

Since listing in June 2017, WAM Microcap has delivered 80.7 cents per share in fully franked dividends to shareholders, or 115.3 cents per share when including the value of franking credits.

What’s next for WAM Microcap?

Looking ahead, management remains positive about the long-term potential of the micro-cap sector, believing that the company’s focus on under-researched and undervalued names will reward patient investors. The portfolio team continues to seek stocks they believe the market is undervaluing, backed by fundamental research.

WAM Microcap will hold a Q&A webinar on 22 September 2026 for investors to discuss these results and outlook with the portfolio team.

View Original Announcement

The post WAM Microcap hikes dividend for FY26 despite tricky year appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has positions in Wam Microcap. 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.

Treasury Wine Estates Ltd (ASX: TWE) shares are pushing higher today.

Shares in the S&P/ASX 200 Index (ASX: XJO) global wine company closed yesterday trading at $5.60. In morning trade on Thursday, shares are changing hands for $5.62 apiece, up 0.4%.

For some context, the ASX 200 is up 0.5% at this same time.

If you’ve been following along with the wine stock, you’ll know it’s been struggling for some time now, particularly with its United States markets.

That’s seen investors exiting the stock, leaving Treasury Wine shares down 29.5% over 12 months.

However, the last five months have seen a remarkable turnaround.

After plumbing a one-year closing low of $3.37 a share on 26 March, the ASX 200 stock has now surged 66.8% from those lows.

And according to Wealth Within senior analyst Filip Tortevski, the rally could have much further to run.

Can Treasury Wine shares reclaim the $10 mark?

Treasury Wine released its full-year FY 2026 results on 13 August.

While net sales revenue over the year increased by 12.8% to $2.6 billion, the company posted a statutory net profit after tax (NPAT) loss of $1.08 billion, impacted by $1.31 billion in post-tax material items.

Despite the loss, Treasury Wine shares closed up 4.9% on the day.

Commenting on those results and share price moves, Tortevski said:

Treasury Wine Estates’ FY26 result … wasn’t pretty, but the market’s reaction tells us something far more interesting.

TWE initially sold off after reporting a $1.08 billion statutory loss, with earnings from its Americas business falling 61.4%, but buyers quickly stepped in, pushing the stock back into positive territory and, importantly, above where it was trading after Monday’s announcement of its major US reset.

On Monday, 10 August, Treasury Wine announced an additional $558.4 million post-tax non-cash write-down on its US assets, with the company undertaking a strategic review of its Americas business.

“America has been a problem for TWE for years, but management is finally making the tough calls, cutting excess capacity, reducing production and inventory and reassessing what the US business should look like,” Tortevski said.

He added:

For TWE, what’s even more interesting is that buyers didn’t just turn up [following the earnings announcement]. TWE’s share price has been steadily rising for around two months, well before these announcements landed. The market was already starting to price in something better, and [last week’s] reaction only adds to that.

So, does the rally in Treasury Wine shares have legs?

According to Tortevski, it appears so.

He noted:

There’s also plenty of room above. This was a $15-plus stock only a few years ago, so if management can finally get America under control while continuing to grow Penfolds in China, a move back towards $10 over the next few years isn’t out of the question.

$10 a share would represent a potential 80% upside from current levels.

“Sometimes the biggest opportunity isn’t finding the next growth story. It’s fixing the one the market has already given up on,” Tortevski concluded.

The post Up 67%! Why the rebound in Treasury Wine shares may just be getting started appeared first on The Motley Fool Australia.

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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 Treasury Wine Estates. The Motley Fool Australia has positions in and has recommended Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Viridis Mining and Minerals Ltd (ASX: VMM) share price is in focus after the company secured up to US$120 million (about AU$170 million) in new strategic equity funding to fully address its equity requirements for the flagship Colossus Project, following the completion of its Definitive Feasibility Study.

What did Viridis Mining and Minerals report?

• Secured commitments for up to US$120 million (~AU$170 million) in strategic equity funding before costs
• Combined with existing cash and undrawn facilities, identified equity funding totals approximately US$154 million, exceeding the US$135 million indicative equity requirement for Colossus
• One Investment Management to invest up to US$75 million across two tranches, becoming a key institutional investor
• ORE Investments Ltda. and Régia Capital Ltda. accelerated their next US$5 million tranche with a further US$20 million available
• US$40 million raised from a select group of mostly Brazilian institutional investors
• Placement issue price of AU$3.79 per share, representing a 10% discount to last close

What else do investors need to know?

Viridis now has a clear pathway to deliver the Colossus Project, with sufficient equity identified and strong support from both international and domestic investors. The company plans to use these funds to launch key activities, including project execution tasks like appointing the EPCM contractor and placing orders for long-lead equipment.

The company’s project financing structure will target 70% senior debt and 30% equity, with debt funding discussions well advanced and support letters in place from Export Finance Australia, Export Development Canada, and Bpifrance. Advanced negotiations with the Brazilian National Bank and other agencies also provide multiple options to support project development.

What did Viridis Mining and Minerals management say?

Managing Director Rafael Moreno said:

This is a significant achievement for Viridis. Following completion of the DFS, we have now secured sufficient funding sources to fully address the indicative equity requirement for Colossus, materially de-risking the Project’s funding pathway as we transition into execution.

We are very pleased to welcome OneIM as a cornerstone institutional investor, alongside the continued support of ORE/Régia and a select group of strategic investors. Importantly, the majority of the Placement capital has been raised from leading Brazilian investors, demonstrating strong domestic conviction in Colossus and alignment with our strategy to maximise rare earth industrialisation and downstream capability in Brazil.

With the equity requirement addressed, our focus is now firmly on execution, finalising binding offtake and senior debt, appointing the EPCM contractor and placing orders for key long-lead equipment. With the DFS complete, funding significantly de-risked and strong strategic partners alongside us, we are very well positioned to advance Colossus through FID and into construction.

What’s next for Viridis Mining and Minerals?

Viridis is focused on moving the Colossus Project from DFS into execution. Top priorities include finalising binding offtake agreements, securing the senior debt package, and commencing construction activities. The company’s strong funding position should help de-risk these critical next steps.

The board is working towards a Final Investment Decision in the fourth quarter of 2026. Plans also include ongoing optimisation at its demonstration plant, progressing environmental approvals, further exploration, and drilling around the existing resource.

Viridis Mining and Minerals share price snapshot

Over the past 12 months, Viridis Mining and Minerals shares have risen more than 200%, far outpacing the All Ordinaries Index (ASX: XAO).

View Original Announcement

The post Viridis Mining and Minerals secures US$120m equity to fund Colossus project 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 Perpetual Equity Investment Company Ltd (ASX: PIC) share price is in focus today after the company reported a net profit after tax of $12.1 million for FY26 and declared a fully franked full-year dividend of 8.0 cents per share, consistent with the previous year.

What did Perpetual Equity Investment Company report?

• Net profit after tax (NPAT): $12.1 million for FY26
• Fully franked full-year dividend: 8.0 cents per share, matching FY25
• Dividend yield: 6.8%, grossed-up yield of 9.7% based on a share price of $1.18
• Profit reserve: $63 million, providing 2.0 years of dividend coverage
• 5-year investment performance: 5% p.a. (NTA, post-fees, pre-tax)

What else do investors need to know?

Perpetual Equity Investment Company will move from paying semi-annual dividends to monthly dividends, with the first scheduled for December 2026—subject to Board approval. This change aims to give shareholders, especially those focused on regular income, timelier access to profits.

For FY26, the Company’s portfolio returned 2.8%, trailing the S&P/ASX 300 Accumulation Index’s 6.2%. At 30 June 2026, the portfolio held 77.9% in Australian listed securities, 15.6% in global listed securities, and 6.5% in cash.

What did Perpetual Equity Investment Company management say?

PIC Chairman Nancy Fox AM stated:

We are pleased to deliver another year of strong fully franked dividend income for PIC shareholders. The total FY26 dividend of 8.0 cents per share equates to an annual dividend yield of 6.8% and grossed up yield of 9.7%. This compares favourably to the dividend yield of the S&P/ASX 300 Accumulation Index which was 3.1% as at 30 June 2026. Earlier this month, we announced that PIC will transition from semi-annual to monthly dividend payments… The Board remains focused on prudent capital management to ensure the overall position of the Company remains strong.

What’s next for Perpetual Equity Investment Company?

Looking ahead, the move to monthly dividends is expected to appeal to income-focused investors. The Board plans to maintain a strong focus on capital management and dividend sustainability, backed by a sizable profit reserve.

Management’s disciplined approach will continue to prioritise high-quality businesses, with a view to navigating ongoing market volatility and seeking out value opportunities for shareholders.

Perpetual Equity Investment Company share price snapshot

Over the past 12 months, Perpetual shares have declined 5%, trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

View Original Announcement

The post Perpetual Equity Investment Company delivers FY26 profit and steady dividend 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 Beacon Minerals Ltd (ASX: BCN) share price is in focus after the company announced a massive 325% lift in ore reserves at its Lady Ida Project’s Iguana Deposit, alongside an estimated pre-tax free cash flow of A$841 million.

What did Beacon Minerals report?

• Ore Reserve Estimate: 11.0 million tonnes at 1.20 g/t gold for 430,200 ounces (1% Proved, 99% Probable), up 325%.
• Pre-tax free cash flow: Estimated at A$841 million (undiscounted) at A$5,500/oz gold over nine years.
• Average all-in sustaining cost (AISC): A$3,283 per ounce across the project’s nine-year life.
• Mineral Resource Estimate: 11.5 million tonnes at 1.4 g/t gold for 533,000 ounces, up 266% in measured and indicated resource ounces.
• Ore Reserve to Mineral Resource conversion ratio: 81%.
• Establishment capital: A$2.5 million, including camp and haul roads.

What else do investors need to know?

The significant ore reserve and mineral resource increases were driven by a +75,000 metre drill campaign completed in May 2026. The Iguana deposit ore will be hauled 43 kilometres to Beacon’s Jaurdi process plant, where a conventional CIP circuit will be used. The operation is now modelled to support nine years of mining, with marginal impact from different gold prices, thanks to robust cost controls and improved orebody definition.

The Jaurdi Mill upgrade is scheduled for completion in November, aimed at supporting sustained throughput from the more extensive Iguana ore body. Beacon notes all key mining approvals are in place, and the mineralisation remains open at depth for future exploration.

What did Beacon Minerals management say?

Graham McGarry, Executive Chairman and Managing Director said:

The significant increase in ore reserves following our +75,000 metre drill campaign which concluded in May 2026 has enhanced the value of the Iguana deposit for the benefit of our shareholders. The Jaurdi Mill upgrade scheduled to be completed in November will complement our successful ore reserve drill campaign.

What’s next for Beacon Minerals?

Beacon will focus on bringing the expanded Iguana deposit into full production, leveraging the upcoming Jaurdi Mill upgrade. The company plans to continue exploration at depth and along strike to further grow resources. Operational guidance remains unchanged, and all approvals and infrastructure are in place to deliver on the updated mining schedule.

With gold recovery and processing proven through earlier operations and test work, Beacon Minerals is aiming for steady and predictable output. The conversion of further mineral resources to reserves remains a priority, with scope for continued exploration success at Lady Ida.

Beacon Minerals share price snapshot

Over the past 12 months, Beacon Minerals shares have risen 73%, outperforming the All Ordinaries Index (ASX: XAO) by a wide margin.

View Original Announcement

The post Beacon Minerals posts 325% jump in Lady Ida reserves and outlines big 2026 plans 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.

Santos Ltd (ASX: STO) this week reported what broker UBS described as a “strong” first-half result, beating market expectations in a period the company is describing as a transition year.

Profit down but stronger second half expected

The oil and gas major reported first-half revenue of US$2620 million, up 2% on the same period the previous year, and net profit of US$355 million, down 19%.

Santos Managing Director Kevin Gallagher said the company was entering the second half in a stronger position.

He added:

The first half marked an important step forward for Santos. We brought the Pikka project online safely and continued to progress Barossa through commissioning towards steady-state production, while the base business continued to perform strongly. Pikka achieved first oil in May, moved to continuous production in June and we lifted our first crude oil cargo last week. Production is expected to build towards the 80,000 bbl/d gross plateau late in the third quarter, and our drilling program is consistently beating technical limits, reducing the time and cost to drill a well. Barossa is safely progressing through commissioning to steady state production, with current production around 550 mmscf/d and planned to increase further to around 600 mmscf/d by end of the quarter. At steady state production the current cargo cadence is one approximately every eight days, while Darwin LNG delivered 100 per cent plant reliability in the first half.

Mr Gallagher said with the major development of Barossa and Pikka complete, the company was expecting second-half production to be 20% to 30% higher than the first half, “supporting stronger free cash flow and returns for shareholders”.

Mr Gallagher said the Papua LNG project would be a focus in the second half and was on track for a final investment decision in the fourth quarter of 2026.

He added:

Project financing continues to progress well, with at least 60 per cent targeted to be funded through project financing facilities. Strong performance from the base business and continued capital discipline are funding investment in the next generation of low-cost, high-margin production growth opportunities in our deep portfolio.

Santos shares a buy, but looking fully valued

UBS said in a note to clients following Santos’ financial report that the company’s strong dividend of US11.6 cents stood out, indicating the board had confidence in the second-half outlook.

They said the company was well-leveraged to higher oil prices.

They added:

STO has 80% of its LNG sales indexed to oil and/or Japan/Korea Marker on an approx 3 month lag, and so the spike in oil & LNG prices arising from the Middle East conflict carries stronger cashflows though to at least ~Nov-26. We expect STO will qualify for its new higher div payout (lifting from 40% of FCF ex growth to >60% of all-in FCF) when Pikka and Barossa reach plateau production, expected within the next 40 days turning on stronger cash returns from the Feb-27 result onwards.

UBS has a buy rating on Santos shares with a price target of $8.30, compared to $8.31 currently.

The post Are Santos shares a buy following their half year results? appeared first on The Motley Fool Australia.

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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 WCM Global Growth Ltd (ASX: WQG) share price is in focus after the company posted a full-year net operating profit after tax of $66.7 million for FY2026 and announced a boost to its final fully franked dividend.

What did WCM Global Growth report?

• Net operating profit after tax: $66.7 million (down from $69.5 million last year)
• Pre-tax NTA per share: up from $2.02 to $2.18
• After-tax NTA per share: up from $1.80 to $1.94
• Portfolio return: 16.58% in FY2026 (vs benchmark’s 18.26%)
• Final fully franked dividend: increased to 2.35 cents per share (cps)
• Total FY2026 dividends paid: 8.52 cps

What else do investors need to know?

The board has revised its progressive quarterly dividend policy upwards, reflecting the company’s robust financial position. Shareholders can expect increasing fully franked quarterly dividends over the next financial year, with a total of 12.45 cps anticipated in the next 14 months.

The company’s portfolio continues to deliver strong long-term returns, outperforming its benchmark over three, five years, and since inception. Since listing in 2017, a $10,000 investment has grown to over $40,000 (before expenses and taxes, after fees and dividend reinvestment).

What’s next for WCM Global Growth?

Looking ahead, the board intends to keep lifting quarterly fully franked dividends, with payments of up to 2.60 cps forecast for Q4 FY2027. Management remains focused on long-term growth and maintaining robust performance above the benchmark.

The investment manager, AGP International Management Limited, will continue to raise WCM’s market profile to enhance share price performance and liquidity. The board sees the progressive dividend policy as a key way to add value and reward shareholders.

WCM Global Growth share price snapshot

Over the past 12 months, WCM shares have risen 15%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

View Original Announcement

The post WCM Global Growth earnings: Profit lifts dividend and outlook 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 Transurban Group (ASX: TCL) share price is trading lower today despite the toll road company revealing that it has been selected as the best value proposer to deliver Tennessee’s I-24 Choice Lanes project, in partnership with Ferrovial and Tikehau Star Infra. The 26-mile project has an estimated construction value of US$9.2 billion and a total concession value of around US$24.8 billion.

What did Transurban Group report?

• Transurban, with partners Ferrovial and Tikehau Star Infra, will design, build, finance, operate, and maintain the I-24 Choice Lanes in Tennessee, USA.
• The project covers 26 miles between Nashville and Murfreesboro, aiming to ease congestion and improve travel reliability.
• Estimated construction value: US$9.2 billion, with a total concession value of US$24.8 billion.
• Transurban’s equity share to be funded from existing balance sheet capacity over time.
• Financial close is expected by mid-2027, subject to finalisation of government funding.

What else do investors need to know?

This major win supports Transurban’s ongoing North American expansion and highlights its expertise in large-scale transport infrastructure. The project could strengthen the company’s global portfolio and long-term earnings outlook. However, the final capital and funding structure are yet to be finalised, with some details relying on government approvals and available concessional funding.

The project is designed to deliver more reliable travel choices for customers and potentially reduce congestion on one of Tennessee’s busiest corridors. The consortium approach with established partners Ferrovial and Tikehau Star Infra should also help manage project risk and execution.

What did Transurban Group management say?

Commenting on the news, Transurban’s CEO, Michelle Jablko, said:

The I-24 Choice Lanes Project represents an important opportunity to bring Transurban’s proven capabilities to Tennessee. The project is aligned with our strategy of pursuing disciplined, value-accretive growth opportunities in North America.

Our focus is always on the customer and creating journeys they can rely on. Together with our partners, we look forward to working with the state of Tennessee to deliver a project that transforms everyday connectivity and provides stress-free, reliable travel choice for decades to come.

What’s next for Transurban Group?

Transurban’s next steps include finalising the capital structure and securing government funding, with financial close targeted for mid-2027. The business expects to fund its share through existing balance sheet capacity over time.

This announcement furthers Transurban’s goal of disciplined growth while enhancing customer journeys in North America. Investors will be watching for updates on financial arrangements and project milestones as the I-24 Choice Lanes progresses toward construction and operation.

Transurban Group share price snapshot

The Transurban share price is trailing the S&P/ASX 200 index (ASX: XJO) slightly over the past 12 months with a decline of around 2%.

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The post Transurban Group chosen for landmark US$24.8bn Tennessee toll road project 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 Transurban Group. The Motley Fool Australia has positions in and has recommended Transurban 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 Eureka Group Holdings Ltd (ASX: EGH) share price is in focus today as the company delivered a 29% jump in underlying EBITDA to $21.7 million, and posted a 24% rise in revenue to $56.7 million for FY26.

What did Eureka Group report?

• Revenue up 24% to $56.7 million (FY25: $45.8 million)
• Underlying EBITDA climbed 29% to $21.7 million, above guidance
• Underlying profit before tax rose 23% to $14.7 million
• Statutory net profit after tax fell 17% to $16.7 million
• Assets under management increased 29% to $500 million
• Final dividend of 0.73 cps, full-year dividend steady at 1.46 cps (unfranked)

What else do investors need to know?

Eureka continued to scale its all-age rental segment, with homes in this division rising to 1,357 from 436 the year before. The group now has over 4,000 homes across 61 communities, with occupancy rates staying strong at 97% for seniors and 95% for all-age rentals.

Net tangible assets per security increased by 4.9% to 57.7 cents. The company’s balance sheet remains robust, with a loan-to-value ratio of 34.2%, comfortably inside internal and bank limits. Eureka also executed a Sustainability Terms Deed Poll, converting $180 million of debt facilities into Social Loans supporting its affordable housing focus.

What did Eureka Group management say?

Simon Owen, Managing Director and Chief Executive Officer said:

FY26 was the year our second earnings growth engine – all age rental – came online. We integrated seven new communities while delivering strong results in the seniors’ portfolio and finished above the top of our guidance range on both underlying measures. We enter FY27 with a significantly larger portfolio, a funded development pipeline and the same priority we have had throughout, which is to add well-managed homes in markets where the opportunity is the greatest.

What’s next for Eureka Group?

Looking forward, Eureka has guided for underlying earnings per share of at least 3.9 cents for FY27, forecasting at least 13% growth on FY26’s result. The company notes that FY27 has started on a strong foot, with three acquisitions already announced that will add 589 more homes and sites.

Eureka is also focused on delivering over 800 new rental homes through its development pipeline, including both modular expansions and greenfield opportunities. Management says balance sheet discipline and new capital partnership options will remain key priorities.

Eureka Group Holdings share price snapshot

Over the past 12 months, Eureka Group shares have risen 25%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post Eureka Group posts record all-age rental growth in FY26 results appeared first on The Motley Fool Australia.

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• Eureka Group turbocharges portfolio with new Townsville acquisition
• Eureka launches first all-age rental fund, boosts growth plans

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 recommended Eureka 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.