Tag: Stock pick

The Reece Ltd (ASX: REH) share price is in focus after full-year FY26 sales revenue rose 4.5% to $9.38 billion, but net profit slipped 2.8% to $308 million.

What did Reece Ltd report?

• Sales revenue up 4.5% to $9,378 million
• EBITDA flat at $901 million
• EBIT down 2.6% to $534 million
• Net profit after tax (NPAT) down 2.8% to $308 million
• Final dividend of 13.40 cents per share, fully franked
• Return on capital up five basis points to 11.9%

What else do investors need to know?

Reece’s Australian and New Zealand business delivered renewed momentum, with sales up 8.3% to $4.2 billion thanks to recovering volumes and investment in team capability. This was partly offset by softer conditions in the US, where ongoing weakness in residential new construction pressured growth despite a network expansion to 25 new branches.

Investors should note net debt increased to $744 million, mainly due to continued network growth and share buyback funding. However, the company’s net leverage ratio remains conservative at 1.0x. Group capital expenditure was $174 million, supporting organic growth and digital transformation.

What did Reece Ltd management say?

Peter Wilson, Chairman & CEO, said:

FY26 was a year of improved momentum in our ANZ business as volumes recovered, while a weak residential housing market saw softer growth in the US. Throughout the year we focused on delivering our customer promise, progressing our innovation agenda and building out digital capabilities – all of which help us continue building a stronger business.

What’s next for Reece Ltd?

In FY27, Reece expects continued momentum in Australia and New Zealand, supported by a strong project pipeline. In the US, the outlook is more subdued as residential construction remains a tough market, while the non-residential sector has been more stable.

Interest rate sensitivity and housing affordability pressures may create ongoing challenges, but management is optimistic about the long-term market fundamentals and the group’s ability to lead on innovation, digital initiatives, and branch expansion.

Reece share price snapshot

The Reece share price has been among the best performers on the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of around 40%.

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The post Reece FY26 earnings: Revenue up, profit edges lower appeared first on The Motley Fool Australia.

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• Buy, hold, sell: SGH, Reece, Genesis Minerals shares

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

Two major names in the consumer staples and discretionary sectors released full-year results late last week. 

Inghams Group Ltd (ASX: ING), which supplies poultry products, notably to major Australian supermarkets Woolworths Group Ltd (ASX: WOW) and Coles Group Ltd (ASX: COL), and quick-service restaurants including McDonald’s and KFC, saw its share price sink 7% on Friday. 

On the positive side, fast/casual franchise Guzman y Gomez Ltd (ASX: GYG) shares soared over 11% following its full-year announcement. 

Full results can be found here: 

• Inghams full-year results
• GYG full-year results

Following these results, the team at Bell Potter released updated guidance on both Inghams and GYG shares. 

Here is what the broker had to say. 

Inghams results in line with guidance 

Bell Potter said the company reported a FY26 underlying EBITDAL broadly in line with expectations and guidance at $186.4 million. 

However, Bell Potter sees pressure from wholesale and grain, with FY27 guidance of $190 to $220 million EBITDAL coming in below its $213.5 million estimate and broadly in line with consensus. 

The outlook assumes 2.5-4% volume growth, 4-5% general cost inflation excluding feed, and a further $40–50m increase in feed costs, highlighting ongoing cost pressures that are expected to constrain earnings growth in FY27.

Looking ahead, the broker sees little upside for Inghams shares over the next 12 months. 

The broker has a gold recommendation and $2.10 price target. 

Inghams shares closed last week trading at $2.06. 

GYG shares fairly priced

Bell Potter saw GYG’s FY26 result as broadly in line with expectations, with comparable sales growth of 5.3% and Australian underlying EBITDA of $85m, up 28.7% YoY and consistent with prior guidance. 

The key positive surprise was a much higher 48cps dividend, including a 14.4cps special dividend, supported by the exit from loss-making US operations, a lower share count following the buyback and a higher earnings base. 

GYG added 35 net stores during the year, in line with Australian guidance. 

For FY27, management expects comparable sales growth to remain in the mid-single digits and EBITDA margins to improve from 6.2% to 6.7-6.9%, driven largely by the full-year contribution from recently opened restaurants. 

Looking ahead, Bell Potter sees GYG shares as fairly priced after Friday’s 11% gain. 

The broker has a hold recommendation and $27.30 price target on GYG shares. 

While we think GYG is a clear leader in the QSR space after displaying strong comp sales growth, margin expansion, and further network growth opportunities, we see near-term cost headwinds and a consumer slow-down as a risk to FY27 guidance and view the current multiple as fairly valued. While we increase our PT ~11%, it is only a modest premium to the share price, so we downgrade to HOLD.

The post Are Inghams and GYG shares a buy, hold or sell following earnings results appeared first on The Motley Fool Australia.

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• Why I’d still buy Guzman Y Gomez shares after its big rise
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• Inghams Group FY26 earnings: volume growth, headwinds, and FY27 outlook

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 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 Aussie Broadband Ltd (ASX: ABB) share price is in focus after the company delivered a 19.6% jump in underlying EBITDA, reaching $165.3 million, and grew revenue by 9.2% to $1,295.4 million for FY26.

What did Aussie Broadband report?

• Underlying EBITDA of $165.3 million, up 19.6% on last year
• Revenue rose 9.2% to $1,295.4 million
• On-net broadband connections surpassed 1.11 million, up 41%
• Operating cash flow increased 42.5% to $167.2 million
• Fully franked final dividend of 3.6 cents per share, total FY26 dividend 6.0 cents (up 50%)
• Underlying NPAT rose 41.8% to $52.4 million

What else do investors need to know?

Aussie Broadband repositioned its portfolio with several strategic moves, including completing the acquisition of AGL Telco and Nexgen, and finalising the migration of More and Tangerine connections. These deals have expanded the company’s customer base and capabilities, strengthening its platform for future growth.

The company also completed divestments of Buddy Telco and Digital Sense, sharpening its focus on core telecommunications services. Its net leverage ratio fell to 0.9x, providing flexibility for ongoing investment or acquisitions. Aussie Broadband has also launched a share buyback of up to $115 million, highlighting confidence in its financial position.

Growth in mobile services continued, with a 22% boost in mobile connections and the launch of new features like international roaming and eSIM. The outlook remains positive, as the company maintained customer retention despite intense competition and recent price increases.

What did Aussie Broadband management say?

Group CEO Brian Maher said:

FY26 was a defining year for Aussie Broadband. Our premium telco offering continued to attract customers and partners, delivering organic connections growth, strategic customer wins and strong financial performance despite a competitive market backdrop. We grew revenue while improving operating leverage, resulting in EBITDA margin expansion and accelerated earnings growth… The migration of More and Tangerine connections and the acquisitions of AGL Telco and Nexgen have increased our scale, broadened our customer base and enhanced our ability to meet the evolving needs of customers across all segments.

What’s next for Aussie Broadband?

Looking ahead, Aussie Broadband expects to deliver underlying EBITDA between $205 million and $215 million in FY27—growth of 24% to 30%. The company’s focus now moves from acquisitions to unlocking benefits from its enhanced scale and broader customer acquisition channels.

Continued momentum is anticipated, with the migration of AGL Telco services on track to complete in the second quarter of FY27. Capex for FY27 is forecast between $60 million and $65 million, as the company invests to support future organic and inorganic growth.

Aussie Broadband share price snapshot

Over the past 12 months, Aussie Broadband shares have declined 6%, trailing the All Ordinaries Index (ASX: XAO), which is flat over the same period.

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The post Aussie Broadband FY26 earnings: double-digit growth and new acquisitions 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 positions in and has recommended Aussie Broadband. The Motley Fool Australia has recommended Aussie Broadband. 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 Bendigo and Adelaide Bank Ltd (ASX: BEN) share price could be on the move as the bank delivered cash earnings of $530.2 million for FY26, up 3.0%, with a fully franked final dividend of 33 cents per share.

What did Bendigo and Adelaide Bank report?

• Cash earnings up 3.0% to $530.2 million for the year
• Statutory net profit after tax of $375.1 million
• Fully franked final dividend of 33 cents per share
• Net Interest Margin rose to 1.98% in the second half
• Lending balances increased 3.5% in the second half; total lending up 1.5% over the year
• Business and Agribusiness lending up 8.8%; residential lending down slightly

What else do investors need to know?

The bank advanced its digital transformation, rolling out in-app customer onboarding and extending its Bendigo Lending Platform to all branches. Nearly half of digitally eligible customers now join via the app, while 80% of home loans are written through the lending platform. Partnerships with Infosys and Genpact support phase two of the productivity program, with restructuring costs recognised and further savings targeted from FY28.

Bendigo and Adelaide Bank is also growing in Queensland, with the acquisition of RACQ Bank’s loan and deposit books expected to complete in the first half of FY27. Risk management remains in focus, with a new multi-year program and a $70 million provision to support uplift in non-financial risk management included in FY26 results.

What did Bendigo and Adelaide Bank management say?

Bendigo and Adelaide Bank’s CEO, Richard Fennell, commented:

The full year result demonstrates our ongoing disciplined approach to driving quality deposit growth and delivery against our strategic agenda. Our earnings have again improved over the half, benefiting from the continued growth in lower cost deposits driving higher margin… The Bank has regained lending momentum following a return to growth in our residential lending book through the second half. We remain committed to delivering improved returns to shareholders and are focused on delivering our target of an ROE above 10% by 2030.

What’s next for Bendigo and Adelaide Bank?

Looking ahead, management aims to keep investing in productivity, technology, and risk management, leveraging new digital initiatives and partnerships. The integration of the RACQ Bank business is expected to enhance the bank’s scale, particularly in Queensland, while ongoing focus on deposit growth and lending momentum underpins future earnings.

While economic uncertainty and cost-of-living pressures may affect industry headwinds, Bendigo and Adelaide Bank continues targeting returns on equity above 10% by 2030, supported by ongoing transformation efforts.

Bendigo and Adelaide Bank share price snapshot

The Bendigo and Adelaide Bank share price has underperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of 20%.

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The post Bendigo and Adelaide Bank FY26 earnings: profit lifts to $375.1 million, dividend steady 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 Bendigo And Adelaide Bank. 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 Forrestania Resources Ltd (ASX: FRS) share price is in focus as the company announced encouraging high-grade gold results from its British Hill drilling program, extending mineralisation at depth and highlighting several significant intercepts.

What did Forrestania Resources report?

• The recent British Hill drill program comprised six reverse circulation holes totalling 1,940 metres.
• Key high-grade intersections include 29 metres at 3.91 g/t gold, 26 metres at 2.06 g/t gold, and 32 metres at 1.42 g/t gold.
• Additional notable hits were 14 metres at 2.81 g/t and 35 metres at 1.08 g/t gold.
• Drilling targeted depth and strike extensions, improving geological understanding of the deposit.
• The British Hill project is situated on a granted mining lease with access to established processing infrastructure.

What else do investors need to know?

The drilling campaign at British Hill not only expanded the known extent of high-grade gold mineralisation, but also provided improved detail on the geology and structure of the system. Consistent grades from deeper sections of the deposit suggest solid potential for resource growth.

British Hill’s location on a granted mining lease and its proximity to Forrestania’s processing facilities may smooth the way for future development. The company’s broader strategy continues to focus on establishing two regional hubs in Western Australia, leveraging multiple gold assets to underpin long-term production.

What did Forrestania Resources management say?

Executive Chairman David Geraghty said:

These results reinforce our view that British Hill has the potential to develop into a meaningful gold asset within Forrestania’s growing project portfolio. The consistency of mineralisation across the recent drilling, together with the outstanding results returned from deeper portions of the system, provides strong encouragement for further resource growth. Importantly, British Hill benefits from excellent development fundamentals, including a granted Mining Lease and proximity to our processing facility, enhancing its strategic value.

What’s next for Forrestania Resources?

Forrestania is progressing with further development studies at British Hill, aiming to convert Inferred Resources to Indicated Resources through infill drilling and ongoing exploration. The company is also advancing mine planning and metallurgical test work as part of its staged development approach.

Investors can expect continuing news flow as Forrestania looks to secure milling options for British Hill ore and pursues additional resource extensions. The project’s strong fundamentals and supportive infrastructure align with the group’s wider plans to build a substantial Western Australian gold business.

Forrestania Resources share price snapshot

Over the past 12 months, Forrestania Resources shares have risen 122%, outperforming the All Ordinaries Index (ASX: XAO).

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The post Forrestania Resources reports high-grade gold intersections at British Hill 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 Nuix Ltd (ASX: NXL) share price is in focus today after the company reported strong FY26 results, with revenue up 18.8% to $263.2 million and a material lift in cash generation.

What did Nuix Limited report?

• Annualised Contract Value (ACV): $260.0 million, up 13.9%
• Nuix Neo ACV: $78.5 million, up 179%, now 30% of total ACV
• Revenue: $263.2 million, up 18.8%
• Adjusted Management EBITDA: $59.8 million, up 60.4%
• Statutory NPAT: $16.4 million, swinging positive from a $9.2 million loss
• Underlying cash flow: $51.0 million, up 154%

What else do investors need to know?

Integration of the Linkurious acquisition is progressing well, delivering early commercial wins and enhancing the value proposition of Nuix Neo by combining analytics with network visualisation. The Linkurious transaction contributed $12 million in ACV and $3.8 million to revenue.

Nuix also noted the dismissal of all ASIC claims against the company and former directors. The ASIC appeal now only involves the company and is still pending, but the dismissal for individual directors is final.

Strategically, Nuix has shifted its go-to-market approach to focus on platform value rather than feature selling, and has realigned its product and technology teams. The company is also embedding AI throughout operations to drive productivity and new revenue opportunities.

What did Nuix Ltd management say?

Nuix Chief Executive Officer John Ruthven commented:

FY26 was a year of profitable growth and decisive action. Financial performance was robust across key metrics, with ACV within our guided range, material increases in profitability and a substantial lift in cash generation. Nuix Neo continues to scale as the primary engine of profitable growth. During the year, we made the structural changes required to shift from feature selling to platform value. We have restructured our go-to-market with enhanced commercial capability, established a clear AI strategy, and unified product and technology, backed by a one-off R&D Accelerator investment in FY27.

These were decisive actions to position the Company to capture a significantly larger addressable market. Looking ahead to FY27, we are building on continued underlying momentum. With enhanced commercial capability in place, continued investment in platform and AI capabilities, and a clear strategy for profitable growth, we are well positioned to capture the significant opportunity ahead.

What’s next for Nuix Ltd?

Looking to FY27, Nuix is targeting ACV between $285 million and $300 million, with strong Nuix Neo growth expected from new and existing customers. The company anticipates similar Adjusted Management EBITDA as FY26, balancing operational leverage against a one-off $15 million R&D Accelerator investment to strengthen the platform.

Growth is expected to be weighted to the second half of FY27, in line with usual renewal cycles and upsell opportunities. Nuix will continue investing in AI and cloud capabilities to drive innovation and expand its addressable market.

Nuix share price snapshot

It has been a tough 12 months for the Nuix share price. During this time, it is significantly underperformed the S&P/ASX 200 index (ASX: XJO) with a decline of around 30%.

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The post Nuix share price on watch amid robust FY26 earnings and platform growth 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 Macmahon Holdings Ltd (ASX: MAH) share price is in focus today after the company announced a $485 million, 42-month extension to its long-running mining services contract at the Telfer Gold Mine in Western Australia. This marks a key milestone in its partnership with Greatland Resources Ltd (ASX: GGP) and expands Macmahon’s operations in the region.

What did Macmahon report?

• Awarded a 42‑month contract extension at Telfer Gold Mine, valued at $485 million
• Macmahon has provided mining services at Telfer since 2015
• Extension covers increased mining volumes and full mining services – drill and blast, load and haul, and more
• Strengthens Macmahon’s track record and ongoing partnership with Greatland Resources.

What else do investors need to know?

The Telfer extension will see Macmahon expand operations at West Dome Stage 7, offering a broader range of services at higher mining volumes. This supports the company’s strategy of deepening relationships with major mining clients and diversifying revenue streams within Australia’s gold sector.

The contract builds on over a decade of Macmahon’s work at Telfer and highlights the trust Greatland has in the team’s track record. Investors may see this as a positive development for future project pipelines.

What did Macmahon management say?

Managing Director and CEO Michael Finnegan said:

This extension represents an important milestone in our partnership with Greatland and reinforces the strategic importance of Telfer to our business and reflects our proven track record of operational performance on site for over a decade. We are proud of the contribution our people have made over this period and look forward to supporting Greatland as it advances Telfer’s next phase of growth and value creation. We remain focused on delivering safe, reliable and productive outcomes while strengthening our collaboration with Greatland.

What’s next for Macmahon?

Macmahon aims to maintain its strong operational performance at Telfer, focusing on safe, productive outcomes as it supports Greatland’s growth. The company remains committed to strengthening key client relationships, building a resilient contract portfolio, and pursuing future opportunities in mining and civil sectors.

The Telfer extension adds long-term visibility to Macmahon’s order book and positions it for further strategic wins in Australia and beyond.

Macmahon share price snapshot

Over the past 12 months, Macmahon shares have risen 145%, significantly outperforming the All Ordinaries Index (ASX: XAO).

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The post Macmahon Holdings awarded $485m Telfer contract extension 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 Regal Partners Ltd (ASX: RPL) share price is in focus today after the specialist alternatives manager reported normalised NPAT of $93.3 million for the half, more than doubling the previous year. Funds under management rose to $21.4 billion, supported by record net inflows.

What did Regal Partners report?

• Normalised 1H26 net profit after tax (NPAT) of $93.3 million, up 108% on the prior period
• Statutory 1H26 NPAT of $94.1 million, up 258%
• Funds under management at $21.4 billion as at 30 June 2026, with net inflows of $1.4 billion
• Normalised fully diluted earnings per share of 21.4 cents, up 104%
• Fully franked interim dividend of 12 cents per share declared for 1H26
• Balance sheet with approximately $290 million in capital post-dividend

What else do investors need to know?

Regal Partners recorded its eleventh straight quarter of positive net inflows, reflecting ongoing demand for its products and increased offshore interest, particularly from North America. The strong first-half result was underpinned by performance fees of $118.7 million across multiple investment strategies.

The company also announced it will launch a new Multi-Strategy Income Fund in September 2026 to meet rising demand for income-oriented investment options. In addition, Regal will establish an Investment Committee to enhance governance and oversight as the business continues to expand its range of alternative strategies.

What did Regal Partners management say?

CEO & Managing Director Brendan O’Connor said:

I am pleased to report another strong set of results for Regal Partners for the first half of 2026, with normalised NPAT more than doubling the 1H25 outcome, and continued momentum across our diversified alternative investment platform, including a record $1.4 billion in net client inflows. FUM flows included a significant contribution from our North American client base, highlighting the growing scale of our offshore business, which now represents over a quarter of Regal’s $21.4 billion in funds under management.

“Our balance sheet remains exceptionally strong, with approximately $290 million in capital post the payment of the fully franked 12cps dividend announced today, alongside our undrawn $130 million bank facility. This provides us with significant financial flexibility…Looking ahead, we remain confident in the future growth potential of the business, underpinned by our increasingly diversified investment capabilities, strong track record of performance, and highly experienced team. We remain focused on delivering superior outcomes for our clients while continuing to build sustainable long-term value for our shareholders.

What’s next for Regal Partners?

Regal Partners is set to launch its Multi-Strategy Income Fund next month to capitalise on growing investor appetite for income products amid a shifting economic landscape. The company also aims to further globalise its client base and evolve its investment governance, replacing the Chief Investment Officer structure with a new Investment Committee framework.

Management’s focus remains on expanding the alternatives platform, strengthening oversight, and building on the company’s strong momentum to support sustainable long-term growth for both clients and shareholders.

Regal Partners share price snapshot

Over the past 12 months, Regal Partners shares have declined 1%, slightly trailing the All Ordinaries Index (ASX: XAO), which is flat over the same period.

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The post Regal Partners 1H26 earnings: Profit surges, FUM hits record high 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 Stanmore Resources Ltd (ASX: SMR) share price is in focus after the company reported a 13% lift in first-half coal sales revenue to US$978 million and steady saleable production of 6.5 million tonnes.

What did Stanmore Resources report?

• Coal sales revenue rose 13% to US$978 million (1H FY25: US$867 million)
• Underlying EBITDA increased to US$174 million, US$27 million higher than last year
• Net loss after tax of US$44 million, narrowing from a US$51 million loss
• Positive cash flow from operations of US$176 million (up from US$151 million)
• No interim dividend for 1H FY26
• Net debt reduced to US$72 million, supported by ongoing free cash flow

What else do investors need to know?

Stanmore Resources delivered consistent production in the first half despite record rainfall in January, thanks to strong operational performance at South Walker Creek and Poitrel. The business maintained its safety record, with a serious accident frequency rate of 0.51.

After the half-year, Stanmore successfully refinanced its corporate debt, lifting the facility to US$250 million and removing scheduled term repayments. This strategic move lowers funding costs and gives the company flexibility to invest in growth projects like the Isaac Downs Extension, which reached the Environmental Impact Statement milestone in June.

What did Stanmore Resources management say?

Chief Executive Officer & Executive Director Marcelo Matos said:

Our operations delivered a safe and resilient first-half performance. Production was consistent with the prior corresponding period, despite a lower planned full-year production profile. With routine maintenance and an investment in stripping South Walker Creek complete, strong results from Poitrel, Isaac Plains Complex performing to plan, and overall healthy closing inventories, the business is well positioned to deliver on its reaffirmed full year Guidance. Free cash flow remained positive over the period, underpinned by increased earnings compared to the prior year from improved market conditions… The refinancing completed after the half-year end has reset our capital structure by lowering funding costs and removing scheduled term debt repayments. This provides greater capital allocation flexibility following a period of elevated reinvestment in the business, and positions Stanmore to advance its high-quality development portfolio.

What’s next for Stanmore Resources?

Stanmore has reaffirmed its full-year 2026 guidance, expecting production to be weighted toward the second half. The ramp-up at South Walker Creek and strong inventories are set to support production at the upper end of guidance. Capital expenditure remains on track, with the company’s strategic focus now turning to advancing its development pipeline and maximising value from recent investments, including the Isaac Downs Extension.

While no interim dividend was declared this half, Stanmore’s stronger balance sheet and ongoing free cash flow position it well to deliver on growth plans and maintain flexibility in capital allocation.

Stanmore Resources share price snapshot

Over the past 12 months, Stanmore Resources shares have risen 30%, outperforming the All Ordinaries Index (ASX: XAO), which is flat over the same period.

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The post Stanmore Resources posts higher revenue and steady production in 1H FY26 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 Endeavour Group Ltd (ASX: EDV) share price is in focus today after announcing full-year sales of $12.2 billion, up 1.3%, but a sharp 87.8% drop in statutory NPAT to $52 million.

What did Endeavour Group report?

• Total group sales of $12.2 billion, up 1.3% year-on-year
• Group underlying EBIT of $845 million, down 8.7% from FY25
• Underlying NPAT of $363 million, down 14.8%
• Statutory NPAT of $52 million, down 87.8% reflecting significant items
• Fully franked final dividend of 1.2 cents per share (full-year payout ratio 59%)
• Cash realisation of 93%; net debt increased to $1.9 billion

What else do investors need to know?

Endeavour Group’s retail sales momentum improved over the year, with Dan Murphy’s and BWS seeing a combined sales lift of 1.0%. Online sales jumped 34.8% to $1.1 billion, now 11.6% of total retail sales. The business invested in lower shelf prices and competitive promotions, which weighed on gross profit margins.

Hotels delivered 4.2% sales growth, with renewed venues and 2,000 new gaming machines helping boost customer experience. The Hotels segment’s EBIT rose 4.1% as guest satisfaction scores improved, and accommodation revenue was up a strong 9.3%.

Management reaffirmed a $300 million cost-out target by FY29, with plans for further transformation in both the retail and hotels businesses. Net debt rose due to higher capital expenditure and lower profits.

What did Endeavour Group management say?

Commenting on the results, Endeavour’s CEO, Jayne Hrdlicka, said:

The F26 full year result reflects a period where the Group started to implement the actions required to execute its strategy and realise the potential of our portfolio of Retail and Hotel assets… Sales momentum in Retail is building with customers responding positively to our renewed focus on value and price leadership. Following the introduction of lower shelf prices in Dan Murphys at the end of Q1 F26, and the decision to lift our promotional competitiveness and value orientation across both Dan Murphyʼs and BWS, our Retail business is consistently gaining share, delivering 10 consecutive months of sales growth.

The Hotels portfolio will go through significant transformation in F27 to simplify the way we operate, deliver targeted investment in renewals and generally improve guest experiences. F27 will be a year of investment for the Group as we continue to execute the key initiatives required to transform all aspects of the business and establish a platform for sustainable future earnings growth.

What’s next for Endeavour Group?

Looking ahead, Endeavour expects a year of investment in FY27, especially in its hotels portfolio, with up to 75 renewals and approximately 1,900 new gaming machines planned. Retail sales momentum has continued into the new year, but the group notes the outlook for consumer spending remains uncertain due to higher living costs and macroeconomic uncertainty.

The company has reaffirmed its focus on simplicity, value, and customer experience, while targeting further cost reduction. Capital expenditure for FY27 is guided between $550 million and $650 million, supporting digital transformation and network upgrades.

Endeavour Group share price snapshot

The Endeavour Group share price has been struggling versus the S&P/ASX 200 index (ASX: XJO) over the past 12 months, declining almost 20%.

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The post Endeavour Group FY26 profit tumbles despite sales growth appeared first on The Motley Fool Australia.

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