Tag: Stock pick

The IPH Ltd (ASX: IPH) share price is in focus after the company reported a resilient FY26 result, with net profit after tax rising 16.9% to $80.4 million and total dividends up 5.5% to 38.5 cents per share.

What did IPH Limited report?

• Revenue rose 0.6% to $710.4 million
• Net profit after tax increased 16.9% to $80.4 million
• Underlying EBITDA of $205.9 million, down 0.6%
• Final dividend of 19.5 cents per share (30% franked), total FY26 dividend 38.5 cps
• Net tangible asset per share of $(0.94)
• Share buy-back: 5.4 million shares repurchased for $18.7 million

What else do investors need to know?

During the year, IPH continued to execute its strategy of organic growth, disciplined cost control, and investment in technology— including a stronger push into AI and digital platforms. The integration of Pizzeys and Applied Marks into Griffith Hack from 1 July 2026 is set to enhance service capability and scale for Australian clients.

IPH’s international diversification helped balance market challenges, with Canada delivering strong growth despite some delays in the Canadian Intellectual Property Office system, and Asia returning to revenue growth on a constant currency basis. The Australia/New Zealand segment remained soft due to lower US-originated patent work.

What did IPH Ltd management say?

IPH’s outgoing CEO and Managing Director, Dr Andrew Blattman, said:

As I reflect on my final year as Managing Director and CEO of IPH, I do so with a strong sense of pride in the business we have built together. It has been a remarkable journey from our origins as a single firm in Australia to the leading intellectual property services group we are today, operating across Australia, New Zealand, Asia and Canada and serving clients around the world.

What’s next for IPH Ltd?

Looking to FY27, IPH plans to focus on operational improvement and technology investment, including greater adoption of AI tools to improve efficiency and enhance service delivery. The group is also updating its dividend payout policy to a 70–90% range of statutory EPSA, offering more flexibility for future dividends.

Future strategy continues to emphasise strengthening international client relationships, growing work referred from the US, Europe, China, Japan and Korea, and supporting staff development across its global network. Management is confident IPH’s diversified revenue base and international reach position it well for long-term, sustainable growth.

IPH Ltd share price snapshot

Over the past 12 months, the IPH share price has underperformed the S&P/ASX 200 index (ASX: XJO) with a decline of 25%.

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The post IPH Ltd FY26 earnings: resilient profit growth and higher dividend appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended IPH Ltd. 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.

Experts are always on the lookout for potential ASX share investment opportunities. With recent volatility, there may be some very undervalued stocks out there.

We’re going to look at two ideas that are positively rated by analysts and could deliver significant returns within the next year.

Projections are not guaranteed returns, of course, but the below names could be ones to watch closely because they could achieve strong double-digit capital growth in the year ahead.

Judo Capital Holdings Ltd (ASX: JDO)

Judo is a bank that focuses on providing loans to small and medium enterprises (SME), with a significant portion of funding coming from term deposits from self-managed superannuation funds (SMSFs), individuals and businesses.

The business recently reported its FY26 result, which included a number of positives.

Gross loans and advances (GLA) grew 18% to $14.7 billion and deposits rose 24% to $12.2 billion.

The net interest margin (NIM), a measure of its loan profitability in percentage terms, saw an improvement of 20 basis points (0.20%) to 3.13%.

Impressively, the cost-to-income ratio improved by a whopping 710 basis points (7.10%) to 45.3% thanks to ongoing operating leverage.

Despite some high-profile loan impairments, the company was still able to report statutory net profit growth of 29% to $111.1 million and profit before tax growth of 34% to $168.1 million.

In FY27, the ASX share is expecting a broadly stable NIM, stronger-than-the-market loan growth, continued improvement of the cost-to-income ratio and profit before tax growth of between 25% to 31% to a range of $210 million to $220 million.

According to CMC Invest, there have been eight ratings on the business within the last three months. The average price target from those eight analysts is $1.47, implying a possible rise of around 45% over the next year.

Aeris Resources Ltd (ASX: AIS)

Aeris Resources is another ASX share with positive analyst views on the business.

It’s an ASX mining share that produces copper, gold and silver. It said that its copper and gold production for FY27 will be broadly similar to FY26, though silver production is expected to reduce.

However, growth capital expenditure is expected to be significantly higher due to construction and waste stripping at the Constellation project. Exploration spending will also ramp up in FY27 – it could as much as double – with significant drilling programs.

I think the ASX share is exposed to promising long-term tailwinds for both copper and gold. Copper has demand tailwinds such as regular economic growth (such as house building and city expansion), growth of electricity grids, data centres, AI and so on.

According to CMC Invest, there have been six ratings on the business within the last three months. The average price target is 67 cents, suggesting a possible rise of 63% over the next year.

The post 2 ASX shares tipped to grow 40% or more in the next 12 months appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison 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.

Value investors aim to generate capital gains by identifying ASX 200 (or smaller) stocks that are trading below their intrinsic value. 

By focusing on companies whose market prices do not fully reflect their underlying fundamentals, value investors seek to purchase assets at a discount and benefit as the market gradually recognises their true worth. 

This approach relies on fundamental analysis, patience, and the belief that market prices can diverge from a company’s intrinsic value in the short term.

Right now, there are two glaring examples amongst ASX 200 stocks that could have fallen far beyond fair value. 

For investors seeking to cash in on quality stocks trading at a value, here are two prime candidates to consider. 

JB Hi Fi Ltd (ASX: JBH)

This ASX 200 stock was making headlines this week when it experienced its worst single day loss on record. 

The retailer delivered record sales, higher profit and a much larger dividend, however investors ran for the hills as its share price tumbled over 12%. 

It seems investors were less concerned with the previous financial year results, and more concerned with slowing growth. 

The team at Morgans is less concerned however. 

In a comment out of the broker this week, it said it expects these headwinds to ease. 

JBH reported a broadly in-line FY26 result, with NPAT up ~3%. However, sales growth slowed in the 4Q, including turning negative in JB Hi-Fi Australia. The July trading update was below market expectations, with 3 out of 4 divisions reporting negative comparable sales growth, and tracking below 1H27 consensus. This was impacted by price increases, supplier stock shortages, weaker consumer backdrop and cycling a strong pcp. We expect some of these headwinds to ease as the year progresses, although the macro trading environment remains choppy.

The broker has a $82 price target on this ASX 200 stock, indicating a 16% upside. 

Harvey Norman Holdings Ltd (ASX: HVN)

Another ASX 200 retailer that presents a strong value play is Harvey Norman. 

It has been hit hard by several headwinds over the last 6 months, including an ASIC enquiry. 

However it may now have been oversold. 

The first attractive aspect of this ASX 200 stock is its dividend yield fetching over 6%. 

Secondly, brokers now see it as a value play with plenty of upside. 

At the time of writing, this ASX 200 stock is trading at roughly $4.60 per share. 

A recent target from Bell Potter of $6 per share indicates an upside potential of 30%. 

While our views on FY27e sees challenging conditions for retailers with a recovery weighted to 2H, on our revised estimates HVN continues to trade at a 1-year forward P/E of ~13x (as per BPe) which appears attractive.

The post Have these ASX 200 shares now fallen too far to ignore the value? appeared first on The Motley Fool Australia.

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

The SkyCity Entertainment Group Ltd (ASX: SKC) share price is in focus after the company reported underlying revenue of $822.7 million, nearly flat year on year, and underlying NPAT dropping to $38 million.

What did SkyCity Entertainment Group report?

• Underlying revenue: $822.7 million, down 0.3% on FY25
• Underlying EBITDA: $181.6 million, down 22.3%
• Underlying NPAT: $38 million, down 46.9%
• Reported NPAT: $18.2 million, down 37.6%
• Net debt: $591 million (net debt/EBITDA of 3.1x)
• No final dividend declared for FY26

What else do investors need to know?

SkyCity completed the sale of two Auckland properties for $74.5 million, with settlement due in September 2026. This forms part of an asset monetisation program expected to deliver up to $300 million in gross proceeds by December, with proceeds earmarked for debt reduction.

The NZICC opened in February 2026 and hosted 141 events in its first months, attracting around 100,000 visitors. A strong events pipeline is in place for FY27, with a projected 350,000 visitations.

A cost-out program is underway, expected to deliver $30 million in annual benefits in FY27 and $70 million by FY28. The program includes a restructure and operational reset, affecting predominantly New Zealand-based corporate roles.

What did SkyCity Entertainment Group management say?

Jason Walbridge, Chief Executive Officer, said:

In FY26, we implemented carded play across our New Zealand casinos, opened the NZICC, advanced our asset monetisation, exceeded our cost-out targets, continued preparing for the regulated New Zealand online gambling market, and settled in principle the outstanding major regulatory issues in Adelaide.

What’s next for SkyCity Entertainment Group?

No earnings guidance has been provided for FY27 given continuing macro uncertainty. However, the company expects $30 million in cost savings for the year ahead, partly offset by higher online costs as the New Zealand regulated online casino market opens in 2027. Capital expenditure is forecast between $80 million and $100 million, excluding potential online licence costs.

Management is focused on completing asset sales, lowering net debt, and delivering its cost-out and digital priorities. When positive cash flow returns, the company intends to reinstate dividends to shareholders.

SkyCity Entertainment Group share price snapshot

Over the past 12 months, the SkyCity Entertainment Group share price has underperformed both the S&P/ASX 200 index (ASX: XJO) and the wider travel and leisure sector, reflecting earnings pressure and regulatory challenges.

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The post SkyCity shares on watch as FY26 profit falls but cost-out strategy advances 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 Universal Store Holdings Ltd (ASX: UNI) share price is in focus after the company reported a 12.9% rise in revenue to $376.1 million for FY26, with underlying NPAT up 16.3% to $40.5 million.

What did Universal Store report?

• Revenue of $376.1 million, up 12.9% from FY25
• Underlying net profit after tax (NPAT) of $40.5 million, up 16.3%
• Statutory NPAT of $18.2 million, down 21.6% due to non-cash impairments
• Gross margin of 62.5%, up 1.4 percentage points
• Underlying EBIT of $64.0 million, up 17.2%
• Final fully franked dividend of 17 cents per share (FY total dividends: 43.0 cps)

What else do investors need to know?

The group opened 13 new stores in FY26, ending the year with 123 physical locations across its Universal Store, Perfect Stranger, and THRILLS banners. Like-for-like growth was robust in Universal Store (+8.1%) and Perfect Stranger (+13.0%), though CTC (THRILLS) wholesale sales declined further, leading to $23.8 million in non-cash impairments.

Online sales rose 10.8% to $49.2 million, making up 13.1% of total revenue. Universal Store Holdings finished the year with a strong cash balance of $23.3 million and no bank debt, maintaining significant headroom on all covenants.

What’s next for Universal Store?

Universal Store plans to continue expanding its retail footprint, especially for Universal Store and Perfect Stranger, with a similar pace of store rollouts expected in FY27. The THRILLS retail and online strategy will remain a priority as the business focuses more on direct-to-customer channels.

Investments in digital, supply chain, and team capability will continue as the group aims for sustainable long-term growth. The board has also flagged upcoming changes in leadership, with George Do set to take over as CEO in November 2026.

Universal Store share price snapshot

Over the past 12 months, Universal Store shares have declined 21%, trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post Universal Store FY26 results: Sales, profit up as store rollout continues 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 recommended Universal Store. 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.

CSL Ltd (ASX: CSL) shares have surged 23% across the past two trading days to $166.48, lifting their monthly gain to 34%.

After plunging from $228.30 in October to a low of $90, the recovery is gathering serious pace. Yet CSL remains down 4% year to date and 32% over 12 months.

Can the rebound last?

Why are CSL shares surging?

The big catalyst was CSL’s FY26 result, released on Tuesday.

At first glance, the numbers looked ugly. CSL reported a US$2.6 billion net loss after tax. But that loss wasn’t an operating disaster.

It reflected US$7.1 billion of pre-tax impairments and another US$799 million in restructuring costs, largely non-cash. Most of the impairments related to CSL Vifor intangibles and under-utilised property, plant and equipment.

Investors had already been warned. In May, CSL flagged roughly US$5 billion of impairments and cut its FY26 guidance.

Strip away those exceptional items and the picture looks much healthier. Underlying NPATA came in at US$3.1 billion, down just 2%, while revenue slipped 1% to US$15.8 billion — still ahead of analyst expectations.

That gave investors in CSL shares something they had been waiting for: a reset year, a cleaner balance sheet and guidance that finally beat expectations.

CSL Behring remains the powerhouse. Its plasma division generated US$11.4 billion in revenue, down 1%, while immunoglobulin revenue held steady at US$6.2 billion. That’s crucial to the bull case.

CSL Vifor grew revenue 3% to US$2.4 billion, while Seqirus struggled, with revenue falling 8% to US$2 billion.

Meanwhile, CSL’s transformation program delivered US$176 million of cost savings, and management committed US$1.5 billion to expand US plasma collection capacity.

Guidance is driving the recovery

Here’s where things get interesting. CSL expects underlying NPAT to grow approximately 5% in FY27. Consensus had been closer to 2%.

After 18 months of downgraded expectations, that upgrade was a welcome surprise for shareholders in CSL shares. Behring is expected to deliver mid-single-digit growth, with immunoglobulins growing at a mid-to-high single-digit rate.

The weak spot remains Vifor, where revenue is expected to fall about 25% as iron generics arrive.

Are CSL shares fully valued?

Not everyone is convinced the rally can continue. Bell Potter retained its hold rating but lifted its price target from $120 to $150, suggesting CSL shares are now fully valued.

The broker said:

Based on the new underlying NPAT metric, CSL trades on a PE multiple of ~19x FY26 and ~18x FY27 earnings, with flat revenue growth and low-to-mid single digit earnings growth expected for FY27. While the result today suggests the worst (by way of earnings declines) is in the rear-view for CSL, we find it difficult to justify a greater premium than is now being attributed relative to global biopharma peers.

So, while CSL’s recovery looks encouraging, the shares have already priced in plenty of optimism. The next challenge is proving that earnings growth can accelerate enough to justify the rally.

The post CSL shares are flying higher. Is it too late to buy? appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Van Dinther 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 CSL. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Dexus (ASX: DXS) share price is in focus today after the company reported FY26 results featuring adjusted funds from operations (AFFO) of $483.9 million and distributions of 37.0 cents per security, both matching previous guidance. Statutory net profit after tax was $482.2 million, and gearing remained at the lower end of the group’s target range.

What did Dexus report?

• Statutory net profit after tax of $482.2 million (up from $136.1 million in FY25)
• Adjusted funds from operations (AFFO) steady at $483.9 million
• Distribution per security maintained at 37.0 cents
• Gearing (look-through) at 33.4%, providing balance sheet flexibility
• Office occupancy 95.7%, well above the market average of 85.1%
• Industrial effective like-for-like income growth of 8.3%

What else do investors need to know?

Dexus reported continued strength in its core office and industrial portfolios, with both segments outperforming broader market trends. The group successfully secured around $2 billion in third-party equity commitments and completed more than $1.9 billion in divestments, exceeding its divestment target for FY25–FY27.

A strategic review of the infrastructure funds business is underway after legal proceedings relating to the APAC airports matter. Dexus has provided for legal costs and is in regular consultation with investors regarding the future of certain funds. Major developments like Atlassian Central remain on schedule, while the Waterfront Brisbane project is facing a delay to late 2029.

What’s next for Dexus?

Looking to FY27, Dexus expects lower earnings due to reduced performance fees, an immaterial contribution from trading profits, and a smaller contribution from funds under review. The company targets AFFO of 37.5–39.5 cents per security and distributions maintained at 37.0 cents per security, assuming no major changes in market conditions.

Strategic priorities for the year ahead include completing the Atlassian Central project, further capital recycling, broadening capital partnerships, and enhancing platform efficiency. Dexus also aims to continue simplifying its fund offering and embed new technologies for greater operational efficiency.

Dexus share price snapshot

Over the past 12 months, the Dexus share price has underperformed the S&P/ASX 200 index (ASX: XJO) with a disappointing decline of 22%. This reflects sector headwinds and uncertainty over the funds management division.

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The post Dexus delivers steady FY26 results, maintains distributions, and advances strategy 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 Codan Ltd (ASX: CDA) share price is in focus today after the company delivered a 30% jump in annual revenue to $875 million and a 69% rise in net profit after tax to $175.2 million for FY26.

What did Codan report?

• Revenue up 30% to $874.97 million
• Net profit after tax (NPAT) up 69% to $175.18 million
• EBIT up 67% to $244.08 million
• Fully franked full-year dividend of 48.5 cents per share (up 70% on FY25)
• Net cash position of $35.7 million at 30 June 2026
• Earnings per share up 69% to 96.5 cents

What else do investors need to know?

Codan’s Communications business (including DTC and Zetron) reported revenue of $506.2 million, up 22%, with segment profit up 45% and margins beating long-term targets. The order book jumped 50% to $380 million, underpinned by momentum in unmanned radio systems and strong defence demand.

Minelab, the company’s Metal Detection division, achieved record results, with revenue rising 42% to $362 million and segment profit up 65%. New product launches, like the flagship GPZ8000 gold detector, helped drive growth, particularly in Africa and the rest of the world.

Codan also completed the acquisition of US-based Adaptive Dynamics after year-end, further strengthening its technical offerings for defence customers. Codan finished FY26 with a solid net cash position and significant undrawn debt facilities, giving the board flexibility for future investment and growth initiatives.

What’s next for Codan?

For FY27, Codan is targeting revenue growth of around 20%, supported by high defence spending and continued demand for both unmanned communications systems and advanced gold detectors. A full-year contribution from recently launched Minelab products and new client wins in Communications are expected to underpin momentum.

The company says it will continue investing in people, systems, and new product development, with an eye for further acquisitions aligned with its technology and market strategy. The board is optimistic about ongoing growth opportunities and plans to update investors further at the annual general meeting in October.

Codan share price snapshot

Over the past 12 months, Codan shares have surged 84%, significantly outpacing the S&P/ASX 200 Index (ASX: XJO).

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The post Codan FY26: Profit surges 69% with higher 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 Bega Cheese Ltd (ASX: BGA) share price is in focus today after the company posted a strong FY2026, with statutory EBITDA up 22% to $202.3 million and revenue climbing 7% to $3.77 billion.

What did Bega Cheese report?

• Revenue rose 6.7% to $3,774.6 million
• Statutory EBITDA jumped 22% to $202.3 million
• Statutory profit after tax reached $54.8 million, up from a loss last year
• Normalised EBITDA increased 12% to $225.6 million
• Final fully franked dividend of 7.5 cents per share, bringing total FY2026 dividends to 14.5 cents per share
• Net debt increased to $151.6 million due to capital investment and restructuring

What else do investors need to know?

Bega Cheese’s Branded segment saw solid growth from strong sales of yoghurt, milk beverages, and international revenues. Higher demand for protein and health-focused products, plus cost savings from exiting primary peanut processing, helped boost results.

In the Bulk segment, improved integration of ingredients into the branded range and better commodity conditions lifted performance. The group also completed warehouse automation and consolidated cheese packaging operations, aiming for further efficiency.

What’s next for Bega Cheese?

Bega has refreshed its strategy, targeting more than $310 million in normalised EBITDA by FY2031. Investment in marketing and automation is expected to drive continued growth in core dairy and better-for-you products.

Management has provided normalised EBITDA guidance in the range of $240–$245 million for FY2027, supported by ongoing demand for protein and strong international sales, particularly in Southeast Asia.

Bega Cheese share price snapshot

Bega Cheese’s share price has outperformed the S&P/ASX 200 Index (ASX: XJO) in the past year with a gain of 15%, reflecting resilient demand for its key products.

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The post Bega Cheese defies headwinds with strong FY26 results and upbeat outlook 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 Cuscal Ltd (ASX: CCL) share price is in focus today after reporting a 49% jump in statutory NPAT to $42.7 million for FY26, boosted by acquisitions of Indue and Paymark.

What did Cuscal report?

• Statutory net profit after tax (NPAT) up 49% to $42.7 million
• Underlying NPAT up 20% to $46.2 million
• Underlying net operating income rose 20% to $347.7 million
• Aggregate transaction volumes grew 12% over the year
• Final dividend of 7.0 cents, taking the full year dividend to 11.5 cents per share
• Indue and Paymark acquisitions contributed $34.8 million and $5.2 million respectively to net operating income

What else do investors need to know?

Cuscal completed the acquisition of Indue in December 2025 and Paymark in May 2026, both adding scale and new capabilities to the business. The company removed one-off costs from its underlying profit figure, including integration expenses and fair value adjustments, making it easier for investors to gauge the real health of the business.

The group’s strong capital position underpins its dividend payout and supports future investment. Conference call and webcast details for investors are available for those wanting more information about the result and company outlook.

What did Cuscal management say?

Managing Director Craig Kennedy said:

FY26 was a defining year for Cuscal. The acquisitions of Indue and Paymark have significantly increased our scale, strengthened our position across Australia and New Zealand, and expanded the range of payments capabilities we deliver to clients. These acquisitions were completed against a backdrop of continued growth across our core business. As we enter FY27, our focus is on supporting client growth, progressing integration, delivering synergies, and executing on the opportunities created by bringing these businesses together.

What’s next for Cuscal?

Looking ahead, Cuscal expects another year of strong growth in FY27, targeting mid-twenties percentage increases for both transaction volumes and underlying NPAT. Management says the integration of Indue and Paymark is expected to support further synergies and scale benefits.

Cuscal remains focused on supporting client growth and delivering value, including bringing new products and services to clients across Australia and New Zealand. The company aims to build on its recent acquisitions, drive innovation, and maintain disciplined cost management.

Cuscal share price snapshot

Over the past 12 months, Cuscal shares have risen 79%, significantly outperforming the All Ordinaries Index (ASX: XAO).

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