Fortunately for income investors, there are plenty of ASX dividend shares out there to choose from.

To narrow things down, let’s now take a look at two that analysts are currently recommending to clients. Here’s what you need to know:

Flight Centre Travel Group Ltd (ASX: FLT)

The team at Morgans thinks that travel agent giant Flight Centre could be an ASX dividend share to buy.

It thinks investors should stick with the company during a period of short-term uncertainty, because when operating conditions finally improve, it is expecting Flight Centre’s earnings to rebound strongly. The broker explains:

FLT’s FY25 result was broadly in line with its recent update. Corporate was weaker than expected while Leisure and Other were stronger. FLT’s guidance for a flat 1H26 was stronger than we expected however it was weaker than consensus. Earnings growth is expected to accelerate in the 2H26 from an improvement in macro-economic conditions and internal business improvement initiatives. We have made minor upgrades to our forecasts.

We are buyers of FLT during this period of short-term uncertainty and share price weakness because when operating conditions ultimately improve, both its earnings and share price leverage to the upside will be material.

With respect to payouts, Morgans is forecasting fully franked dividends of 52 cents per share in FY 2026 and then 61 cents per share in FY 2027. Based on the current Flight Centre share price of $13.89, this would mean dividend yields of 3.75% and 4.4%, respectively.

The broker currently has a buy rating and $18.38 price target on its shares.

Harvey Norman Holdings Ltd (ASX: HVN)

Over at Bell Potter, its analysts think that Harvey Norman could be an ASX dividend share to buy.

It is one of Australia’s leading retailers, operating the Harvey Norman, Domayne, and Joyce Mayne brands.

Although its shares have risen strongly since this time last year, Bell Potter believes they are still good value. It commented:

Despite the strong re-rate in the name, HVN trades at ~2.0x market capitalisation to freehold property value as Australia’s single largest owner in large format retail with a global portfolio surpassing $4.5b and collectively owning ~40% of their stores (franchised in Australia and company operated offshore). This sees our view that of the 1-year forward ~19x P/E multiple as justified considering the multiple catalysts near/mid-term.

As for income, the broker is expecting fully franked dividends of 30.9 cents per share in FY 2026 and then 35.3 cents per share in FY 2027. Based on its current share price of $6.34, this would mean dividend yields of 4.9% and 5.6%, respectively.

Bell Potter has a buy rating and $8.30 price target on its shares.

The post Analysts say these ASX dividend shares are buys for income investors 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 positions in and has recommended Harvey Norman. The Motley Fool Australia has recommended Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Suncorp Group Ltd (ASX: SUN) share price is in focus today after the company reported first-half FY26 net profit after tax (NPAT) of $263 million, as natural hazard claims surged to $1.3 billion but underlying insurance margins and capital remained strong.

What did Suncorp Group report?

• NPAT: $263 million, down from $1.1 billion in 1H25
• Gross written premium (GWP): $7.69 billion, up 2.7% from $7.49 billion
• Underlying insurance trading ratio (UITR): 11.7%, at the upper end of the target range
• Interim dividend: 17 cents per share, fully franked (68% payout ratio)
• Net incurred claims: $5.48 billion, up 23% due to natural hazard events
• $168 million of share buy-back completed; targeting $400 million by end of FY26

What else do investors need to know?

Suncorp responded to nine significant natural hazard events, mainly severe storms and hail in south-east Queensland, resulting in more than 71,000 claims this half. Natural hazard costs came in $453 million above allowance, making it one of the costliest periods in Suncorp’s history.

Despite these challenges, GWP rose, especially in its Consumer portfolio, which saw 6.3% growth. Digital uptake is rising, with over 73% of sales made online and customer experience measures such as claim handling speed and satisfaction improving.

Capital management remains a priority. Suncorp’s CET1 capital sits $700 million above its target mid-point, supporting ongoing shareholder returns through dividends and share buy-backs.

What did Suncorp Group management say?

CEO Steve Johnston said:

While Suncorp’s 1H26 reported profits and shareholder returns have been challenged by an elevated level of natural hazard costs and lower investment returns over the half, our underlying business remains resilient as we continue to deliver on our strategic imperatives and drive good momentum leading into the second half of the financial year.

What’s next for Suncorp Group?

Looking ahead, Suncorp expects gross written premium growth at the lower end of the mid-single-digit range, reflecting a competitive and softer market—especially in New Zealand. The underlying insurance margin is tipped to remain at the top half of its 10%–12% target.

Suncorp aims to keep costs under control while investing in growth, technology, and disaster management. Capital management will stay disciplined, with a payout ratio near the middle of the 60–80% range and the completion of a $400 million share buy-back by the end of FY26.

Suncorp Group share price snapshot

Over the past 12 months, Suncorp Group shares have declined 16%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

View Original Announcement

The post Suncorp Group posts resilient 1H26 earnings despite higher claims appeared first on The Motley Fool Australia.

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• Iluka Resources posts lower FY25 profit but advances rare earths strategy

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 National Australia Bank Ltd (ASX: NAB) share price is in focus today after the bank delivered a strong start to FY26, with cash earnings climbing 15% and underlying profit up 12% compared to the prior equivalent period.

What did National Australia Bank report?

• Cash earnings of $2.0 billion for the quarter, up 15% on the prior period
• Underlying profit lifted 12% to $3.1 billion on higher volumes and lower credit impairment charges
• Revenue rose 6% to $5.6 billion, driven by business and personal banking
• Net interest margin increased by 2 basis points to 1.80%
• Operating expenses were broadly flat, as productivity benefits offset higher staff and technology costs
• Credit impairment charge was $170 million, primarily from business and unsecured retail portfolios

What else do investors need to know?

National Australia Bank saw business lending grow by 2%, with its Business & Private Banking division achieving 3% growth and further gains in market share. Home lending outpaced system growth, with proprietary channel drawdowns improving to 46%.

On the customer front, NAB finished migrating Citi Consumer Business customers to its platforms and opened its first NAB Financial Centre in Chatswood. The bank also rolled out programs to improve customer experience, and provided more than $1 million in disaster relief and community grants after recent weather events.

What did National Australia Bank management say?

NAB CEO Andrew Irvine said:

We have started FY26 strongly. Underlying profit rose 12% compared with the 2H25 quarterly average, driven by increases across each of our customer facing divisions and a supportive Australian economic environment. Pleasingly, asset quality outcomes also improved over 1Q26 and we have maintained appropriate balance sheet settings. Disciplined execution of our strategy has delivered further progress this quarter across our key priorities of growing business banking, driving deposit growth and strengthening proprietary home lending. NAB is well placed to manage our bank for the long term and to support our customers, while delivering sustainable growth and returns for shareholders.

What’s next for National Australia Bank?

NAB aims to continue growing its business and home lending portfolios while keeping operating expense growth below FY25’s rate. The bank is targeting more than $450 million in productivity savings for the full year. Management says the bank remains focused on simple, faster solutions to further improve customer experiences.

Looking ahead, NAB believes its strong capital, funding, and asset quality position will help it support customers and deliver sustainable shareholder returns as markets evolve.

National Australia Bank share price snapshot

Over the past 12 months, NAB shares have risen 15%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

View Original Announcement

The post National Australia Bank posts strong first quarter FY26 earnings appeared first on The Motley Fool Australia.

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• Suncorp Group posts resilient 1H26 earnings despite higher claims
• Ventia extends NZ$160m Transpower contract: What it means for investors
• Spark New Zealand earnings: profit rebounds, dividend declared
• Mirvac Group posts 5% profit growth, expands pipeline in 1H26
• Iluka Resources posts lower FY25 profit but advances rare earths strategy

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.

Kinatico Ltd (ASX: KYP) shares have pulled back sharply in recent months.

Since the start of the year, the small-cap ASX share has dropped approximately 40%.

Whilst this is disappointing, Bell Potter believes the weakness has created an attractive entry point.

What is the broker saying about this small-cap ASX share?

Bell Potter notes that the Know Your People solutions provider has released its half-year results and reported first-half EBITDA of $2.7 million. This was below Bell Potter’s forecast but broadly in line with market expectations. The broker said:

1HFY26 EBITDA of $2.7m was 10% below our forecast of $3.0m but consistent with VA consensus. Key driver of the miss versus our forecast was lower capitalised R&D than forecast ($1.7m vs BPe $2.0m). Revenue of $17.6m and cash of $10.4m had already been flagged. There was no interim dividend and we did not expect any.

Importantly, software-as-a-service (SaaS) revenue continued to grow strongly, rising 49% year on year to $9.7 million and is now accounting for 53% of total revenue. Bell Potter also highlights that the company generated positive free cash flow of $0.7 million and remains debt free.

‘Disrupting, not being disrupted’

Bell Potter’s note is titled Disrupting, not being disrupted, reflecting its view that Kinatico is well positioned in the evolving AI landscape. The broker highlighted:

Kinatico does not provide guidance but did say it expects: A re-acceleration of SaaS revenue growth as the sales pipeline for the new Kinatico Compliance product grows and converts; Continued improvement in operating margins; Positive operating cash flow being maintained; and Ongoing investment in platform development to support long-term growth. The company also highlighted that its early adoption of AI makes it an AI disruptor and its competitive position is protected by multiple reinforcing layers including having AI at the core of its new Kinatico Compliance (KC) product.

Shares tipped to double

According to the note, the broker has retained its buy rating on the small-cap ASX share with a trimmed price target of 40 cents (from 45 cents).

Based on its current share price of 19 cents, this implies potential upside of 110% for investors over the next 12 months.

Commenting on its buy recommendation, Bell Potter said:

We have rolled forward our EV/EBITDA valuation by a year – so that FY27 is now the base – and apply a 10x multiple to our forecast. We have also increased the WACC we apply in the DCF from 10.3% to 10.6% due to an increase in the risk-free rate from 4.25% to 4.5%. The net result is an 11% decrease in our target price to $0.40 which is still around double the share price so we maintain our BUY recommendation.

Potential catalysts include the Q3 update in April where we expect further q-o-q growth in SaaS revenue but the key catalyst is more likely to be the Q4 update where we expect more significant growth driven by the successful conversion of some large customers to the new KC platform.

The post Bell Potter says this exciting small-cap ASX share can rise 100%+ appeared first on The Motley Fool Australia.

More reading

• 3 super small-cap ASX shares that could be destined for big things

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.

4DMedical Ltd (ASX: 4DX) shares were one of the fastest-growing on the planet in 2025. The healthcare technology company, which is focused on advanced respiratory imaging and ventilation analysis for the treatment of lung and respiratory diseases, saw its share price explode last year after its flagship product rocketed to success following successful partnerships and commercial contracts.

A good run of financial results and increased adoption of its technology, all while the company smashed its milestone goals throughout the year, sent the share price rocketing.

Most recently, 4DMedical announced that UC San Diego Health was the latest institution to adopt its flagship CT:VQ product. There has already been uptake by other centres, including Stanford University, the Cleveland Clinic, and the University of Miami.

Where is the 4DMedical share price now?

At the time of writing, the shares are 0.92% lower at $3.76 each. The drop means the shares are now 16.96% lower year to date and have fallen 26.18% from their all-time high of $5.09 in mid-January.

But it isn’t all bad news. Since starting their speedy ascent in August last year, 4DMedical shares have rocketed 1,109.68% and they’re now 583.64% above where they were just 12 months ago.

The question now is, what’s next? Can the share price climb even higher, or is it time to sell up ahead of the next downturn?

Are 4DMedical shares a buy, hold, or sell this year?

Despite the strong rally over the past year and the sell-off this month, analysts remain very bullish on the stock’s outlook.

Data shows that two out of three analysts have a strong buy rating on the shares, and the maximum target price is $4.50. That implies a potential 19.68% upside ahead for investors, at the time of writing. 

What’s next from 4DMedical?

Late last month, the healthcare tech company posted its quarterly update and new commercial development. The announcement revealed that its CT:VQ product has moved beyond regulatory approval and into full commercial execution. The technology has now been adopted in five top-tier US academic centres within five months of FDA clearance.

At the same time, the company also revealed that its SaaS revenue grew 31% in the first half of FY26 and that its net operating cash outflows declined 21% in Q2 FY26. 

4DMedical ended the quarter with $56.8 million in cash, rising to a pro forma balance of $206.2 million following a $150 million institutional placement completed in January.

Management estimates the company has around 5.8 quarters of funding available, providing ample time to execute its US commercial strategy.

In 2026, 4DMedical will focus on accelerating the rollout of its newly FDA-approved CT:VQ imaging product through strategic partnerships and new contracts. 

The post 4DMedical shares jump 600% in a year: Time to sell up or can the stock go higher? 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 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 Ventia Services Group Ltd (ASX: VNT) share price is in focus today after the company extended its specialist electrical services contract with Transpower in New Zealand, an agreement expected to deliver approximately NZ$160 million in revenue over two years.

What did Ventia Services Group report?

• Contract extension with Transpower for specialist electrical services across New Zealand’s electricity grid
• Expected to generate around NZ$160 million in revenue over two years
• Extension period to commence August 2027
• Ventia to continue operating across North and South Islands, covering about one third of Transpower’s network
• Over 30 years of ongoing partnership with Transpower

What else do investors need to know?

This contract extension forms part of the Transmission Grid Services contract and Contestable Work Panels that began in 2022. It locks in revenue growth and operational presence for Ventia through to at least mid-2029.

Ventia is a major player in essential infrastructure services, supporting utilities like electricity, water, and more, across Australia and New Zealand. This extension builds on Ventia’s strong reputation for safe and reliable delivery, underpinning its longer-term order book and client relationships.

With more than 35,000 people working over 400 sites, Ventia’s continued focus on customer satisfaction and innovation is part of its ongoing strategy to redefine service excellence.

What did Ventia Services Group management say?

Managing Director and Group CEO Dean Banks said:

Our long-standing relationship with Transpower has been underpinned by consistent performance, collaboration and a shared focus on delivering safe and reliable energy infrastructure. We are pleased to be extending our partnership and look forward to continuing to grow our relationship and delivering the critical services that support New Zealand’s energy future.

What’s next for Ventia Services Group?

The contract extension provides Ventia with firm revenue visibility into the next decade, allowing the company to continue investing in technology, workforce development, and geographic expansion across New Zealand.

Management has indicated a strong commitment to enhancing customer value, with a growing focus on sustainable energy infrastructure and innovation—key strengths likely to underpin further contract wins and reliable income streams.

Ventia Services Group share price snapshot

Over the past 12 months, Ventia Services shares have risen 42%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

View Original Announcement

The post Ventia extends NZ$160m Transpower contract: What it means for investors appeared first on The Motley Fool Australia.

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• National Australia Bank posts strong first quarter FY26 earnings
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• Iluka Resources posts lower FY25 profit but advances rare earths strategy

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 Spark New Zealand Ltd (ASX: SPK) share price is in focus today after the company reported a strong half-year result, with EBITDAI up 10.3% to $448 million and net profit rising 82.9% to $64 million.

What did Spark New Zealand report?

• Reported H1 FY26 revenue of $1,893 million, down 1.2% on H1 FY25
• Adjusted revenue (including data centre business) of $1,917 million, down 1.1%
• Reported EBITDAI of $448 million, up 10.3%, and adjusted EBITDAI of $471 million, up 5.1%
• Net profit after tax of $64 million, up 82.9%; adjusted NPAT of $73 million, up 30.4%
• Free cash flow rose 84% to $107 million
• Interim dividend of 8 cents per share declared, 50% imputed

What else do investors need to know?

Spark’s mobile service revenue grew by 1.6% to $499 million, with the strongest growth coming from higher value post-paid plans. Broadband revenue also nudged up by 0.3%, while cloud revenue increased 1.7%. However, ongoing declines were seen in legacy voice services and other connectivity revenue, mainly due to the Digital Island divestment and customers moving off older products.

The company completed the sale of a 75% stake in its data centre business (‘TenPeaks Data Centres’) at the end of January, receiving $453 million in cash and potential further deferred proceeds, aiming to reduce net debt in the second half. Spark also launched a new financing partnership for handset payment plans and emphasised its continued investment in 5G, customer experience, and AI projects to support growth and improve efficiency.

What did Spark New Zealand management say?

Spark CEO Jolie Hodson said:

Today’s result shows that focused execution in the first six months of our new five-year strategy is building momentum. Mobile remains central to our SPK-30 strategy, and we have delivered a return to revenue growth and ongoing connection stabilisation. Our strategic focus on delivering a better network and better customer experiences is central to our success, and we were pleased to maintain network coverage leadership off the back of more than 100 cell site upgrades and new builds during the half.

What’s next for Spark New Zealand?

Spark reaffirmed its full-year FY26 guidance, expecting adjusted EBITDAI between $1,010 million and $1,070 million, and free cash flow of $290 million to $330 million (subject to no material changes in outlook). BAU capital expenditure is forecast at $380 million–$410 million, with an additional $55 million of data centre strategic capex. The company will pay out 100% of free cash flow as dividends for FY26.

In the coming months, Spark plans more than 100 additional mobile site builds and upgrades, new roaming products, and the launch of satellite-to-mobile services. Management remains focused on cost discipline, digital transformation, and sustainability—highlighted by progress on emissions and expanding social connectivity through products like Skinny Jump.

Spark New Zealand share price snapshot

Over the pat 12 months, Spark New Zealand shares have declined 30%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

View Original Announcement

The post Spark New Zealand earnings: profit rebounds, dividend declared appeared first on The Motley Fool Australia.

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• Suncorp Group posts resilient 1H26 earnings despite higher claims
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• Ventia extends NZ$160m Transpower contract: What it means for investors
• Mirvac Group posts 5% profit growth, expands pipeline in 1H26
• Iluka Resources posts lower FY25 profit but advances rare earths strategy

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 Mirvac Group (ASX: MGR) share price is in focus today after the company posted a 5% boost in first-half operating profit to $248 million and grew earnings per security to 6.3 cents.

What did Mirvac Group report?

• EBIT of $398 million, up 10% from 1H25
• Operating profit after tax of $248 million, up 5% on the prior year
• Statutory profit of $319 million, a significant increase from $1 million in 1H25
• Half-year distribution of 4.7 cents per security, up from 4.5cpss
• Net tangible assets rose to $2.30 per security (from $2.26 at FY25)
• Residential sales surged 38%, with 1,304 lots exchanged and settlements up 22%

What else do investors need to know?

Mirvac continued its momentum in the Living segment, restocking its residential pipeline with around 2,300 new lots and settling 835 lots for the half. The business also secured two new land lease sites and completed strong volumes in both settlements and sales, signalling ongoing demand for quality housing.

On the capital front, Mirvac entered a notable joint venture with Mitsubishi Estate to deliver the Harbourside project in Sydney, raising approximately $1 billion. The company’s $1.7 billion LIV Mirvac Build to Rent Fund also saw recapitalisation, with major investor Australian Retirement Trust acquiring a significant stake.

Mirvac’s commercial portfolio remained resilient, reporting high occupancy (98%) and 4.4% like-for-like net operating income growth. The group’s strong balance sheet featured headline gearing of 25.8% and available liquidity of about $1.1 billion.

What did Mirvac Group management say?

Mirvac’s CEO & Managing Director, Campbell Hanan, said:

We delivered a strong performance across all parts of the business in the first half of FY26, underpinned by the continued execution of our strategy. Positive momentum saw residential sales increase 38 per cent year-on-year, with settlements up 22 per cent and a recovery in gross margins. The significant restocking of our development pipeline is also in line with our focus on Living and Premium-grade Office, and, coupled with a number of key launches and completions in the coming 18 months, provides excellent future earnings visibility.

What’s next for Mirvac Group?

Mirvac has reaffirmed its FY26 guidance, targeting operating earnings of 12.8 to 13.0 cents per security and distributions of 9.5 cents, subject to key assumptions. The business expects continued residential momentum, with targets for 2,000 to 2,300 lot settlements in FY26 and a focus on growing future pipeline projects.

Ongoing investment in high-quality, well-located commercial assets and strategic capital partnerships are anticipated to strengthen the group’s income streams and support earnings growth. Management sees recent margin restoration and robust sales as providing good visibility and near-term confidence.

Mirvac Group share price snapshot

Over the past 12 months, Mirvac Group shares have declined 11%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

View Original Announcement

The post Mirvac Group posts 5% profit growth, expands pipeline in 1H26 appeared first on The Motley Fool Australia.

More reading

• Suncorp Group posts resilient 1H26 earnings despite higher claims
• National Australia Bank posts strong first quarter FY26 earnings
• Ventia extends NZ$160m Transpower contract: What it means for investors
• Spark New Zealand earnings: profit rebounds, dividend declared
• Iluka Resources posts lower FY25 profit but advances rare earths strategy

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 Iluka Resources Ltd (ASX: ILU) share price is in focus after the miner posted $976 million in full-year mineral sands revenue and declared a final dividend of 3 cents per share fully franked.

What did Iluka Resources report?

• Mineral sands revenue of $976 million, down from $1,129 million in FY24
• Underlying mineral sands EBITDA of $300 million, with a margin of 31%
• Net profit after tax (NPAT) loss of $288 million, impacted by $566 million in impairments and write-downs
• Operating cash flow of $61 million (FY24: $252 million)
• Net debt (excluding non-recourse debt) of $473 million at year-end
• Final dividend of 3 cents per share fully franked; total full year dividend of 5 cents

What else do investors need to know?

The 2025 result reflects challenging conditions in the mineral sands market, with subdued demand and softer pigment industry activity. Iluka responded by suspending production at its Cataby and Synthetic Rutile 2 operations and completing a reset of its cost base.

On the development front, the company commenced mining at the high-grade Balranald site in January 2026 and expects to bring a second rig online shortly. Construction of the Eneabba rare earths refinery continues on budget, with commissioning targeted for 2027. Iluka also adjusted long-term synthetic rutile contracts to guarantee at least $240 million in contracted revenue for 2026.

What did Iluka Resources management say?

Managing Director Tom O’Leary said:

2025 saw challenges for mineral sands contrast with strong momentum in rare earths. External developments across both industries have validated Iluka’s approach to our respective businesses, including in relation to diversification, operational and market discipline, capital allocation and balance sheet management.

What’s next for Iluka Resources?

Iluka expects mineral sands costs and capital expenditure to decrease in 2026, following the cost reset and as the Balranald project ramps up. Management says the company is well positioned for a range of industry outcomes thanks to its diversified product mix and significant inventory.

The focus for 2026 and beyond is disciplined delivery at both Balranald and the Eneabba rare earths project. Engineering at Eneabba is now more than 95% complete, with offtake discussions advancing as construction picks up pace.

Iluka Resources share price snapshot

Over the past 12 months, the Iluka Resources share prices have risen 13%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

View Original Announcement

The post Iluka Resources posts lower FY25 profit but advances rare earths strategy appeared first on The Motley Fool Australia.

More reading

• Suncorp Group posts resilient 1H26 earnings despite higher claims
• National Australia Bank posts strong first quarter FY26 earnings
• Ventia extends NZ$160m Transpower contract: What it means for investors
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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.

Two ASX 200 stocks that endured a tough day yesterday were Reece Ltd (ASX: REH) and Treasury Wine Estates Ltd (ASX: TWE). 

These companies experienced share price falls of 4.4% and 4.6% respectively. 

For context, the S&P/ASX 200 Index (ASX: XJO) rose 0.24%. 

Lets see what was behind the fall and if now is a good time for investors to scoop them up. 

Treasury Wine Estates

Treasury Wine Estates is among the world’s top five wine producers and owns a portfolio of more than 70 brands including Australian labels such as Penfolds. 

Its share price tumbled 4.6% yesterday following a 5% fall on Monday.

It seems investors are exiting the ASX 200 stock following the release of its half-year results.

The company reported profits that were down substantially from the prior corresponding period.

It reported: 

• Net Sales Revenue (NSR) down 16.0% to $1.3 billion.
• EBITS dropped 39.6% to $236.4 million; EBITS margin shrank to 18.2% from 25.3%.
• NPAT before material items and SGARA was $128.5 million, down 46.3%.
• Statutory NPAT loss of $649.4 million

Perhaps the most disappointing part of the announcement was the suspension of dividends.

Its share price is now down more than 50% over the last year. 

Reece

For those unfamiliar, the company is a supplier of plumbing, bathroom, heating ventilation, and air-conditioning products.

This ASX 200 stock also lost significant ground during Tuesday, falling 4.4%.

However unlike Treasury Wine Estates, there was no price sensitive news out of the company. 

Reece Ltd has endured a tough 12 months, down roughly 36% in that span. 

It is now sitting close to its 52-week low.

Is either ASX 200 stock a buy low candidate?

With both stocks being down significantly in the last 12 months, it could be an opportunity for investors to buy. 

Recent valuations from experts suggest investors should wait for further drops before entering. 

A recent note out of UBS included a share price target of $4.75 for Treasury Wine Estates shares. 

That is right around the current levels. 

Morgans had a recent price target of $5.25 on the ASX 200 stock on the back of disappointing US performance in January. 

This indicates a modest upside after the recent fall, however general sentiment is negative/neutral on Treasury Wine Estates shares. 

It’s unfortunately a similar story for Reece shares. 

Analysts via TradingView have an average one year price target of $13.28 on this ASX 200 stock. 

That’s roughly 4.5% below current levels. 

The post These 2 ASX 200 stocks crashed yesterday – should investors swoop in? appeared first on The Motley Fool Australia.

More reading

• Why Reliance, Santana Minerals, Sims, and Treasury Wine shares are falling today
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• These are the 10 most shorted ASX shares
• Treasury Wine share price slides as dividends dry up
• Treasury Wine Estates posts $649.4m loss, suspends dividend as transformation accelerates

Motley Fool contributor Aaron Bell has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended 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.