Tag: Stock pick

The Weebit Nano Ltd (ASX: WBT) share price is in focus today after the company delivered record revenue of $15.3 million for FY26, up 246% from the prior year, and announced new agreements with major semiconductor players such as Texas Instruments.

What did Weebit Nano report?

• Revenue rose to $15.3 million, up from $4.4 million in FY25.
• Statutory loss after tax increased to $54.9 million (FY25: $38.4 million).
• No dividends declared for the period.
• Net tangible assets per share improved to 63.95 cents (FY25: 43.04 cents).
• Cash balance at 30 June 2026 was $168.3 million, significantly up on the previous year.

What else do investors need to know?

Weebit Nano strengthened its commercial position in FY26 by licensing its ReRAM (Resistive RAM) technology to Texas Instruments, its largest ever customer, and expanded agreements with other key customers. The company also achieved industry-standard technology qualification at foundry partner DB HiTek and demonstrated working chips in collaboration with onsemi.

During the year, the company broadened its leadership team and built up its balance sheet, raising $102 million through capital initiatives. Weebit also established a US subsidiary to support its growing customer base and adoption in North America, and secured a role in Korea’s national In-Memory Compute program, signalling growing recognition for its technology in AI and embedded computing markets.

What did Weebit Nano management say?

Weebit Nano CEO Coby Hanoch said:

Weebit Nano solidified our first mover advantage in embedded ReRAM, delivering significant commercial and technical progress that move us closer to mass production and sets us further apart from competitors… I’m incredibly proud of the world-class team Weebit Nano has built.

What’s next for Weebit Nano?

Looking ahead, Weebit Nano expects continued revenue growth, with at least $7.1 million anticipated in 1H FY27. Management is focusing on supporting customers as they move toward mass production and entering the royalty revenue phase. The group will continue expanding its technology into advanced nodes and invest further in AI-related R&D, especially as demand for efficient memory solutions rises in dynamic markets like AI and automotive.

The company notes ongoing strategic efforts to secure new licensing deals, with an expectation of multiple new agreements over FY27. Weebit Nano’s strong cash position is set to support R&D, commercialisation and new product development.

Weebit Nano share price snapshot

Over the past 12 months, Weebit Nano shares have risen 37%, outpacing the All Ordinaries Index (ASX: XAO).

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The post Weebit Nano FY26: Record revenue, new customer wins 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 Westgold Resources Ltd (ASX: WGX) share price was in focus today after the company reported FY26 revenue soaring 79% to a record $2,441 million, and underlying NPAT of $480 million—up 452% year on year.

What did Westgold Resources report?

• Revenue: $2,441 million, up 79% from FY25
• Underlying NPAT: $480 million, up 452% from FY25
• Underlying EBITDA: $1,104 million at a 45% margin
• Operating cash flow: $964 million, up 170%
• Free cash flow: $602 million, up 11,940% from FY25
• Fully franked dividend: 10 cents per share
• Closing Treasury balance: $939 million

What else do investors need to know?

Westgold produced a record 387,354 ounces of gold during FY26, with strong contributions from its Murchison and Southern Goldfields operations. The company invested approximately $362 million in mine development, exploration, and infrastructure to boost operational flexibility and future production.

The company remained 100% debt free and fully unhedged, while also completing asset divestments, including the Valiant Gold Ltd demerger. Westgold returned $122 million to shareholders via dividends and buybacks, and has approved a further $50 million buy-back for FY27.

What did Westgold Resources management say?

Westgold Resources’ CEO, Wayne Bramwell, commented:

FY26 was a landmark year for Westgold and delivered a strong outcome for shareholders. Record gold production, improved operating consistency and a favourable gold price drove record earnings, cash flow and treasury growth, strengthening our capacity to invest, grow and return capital… Our strategy and value proposition going forward is clear. We have a business of growing scale, balance sheet strength, asset quality and the team to create value while maintaining a clear focus on shareholder returns.

What’s next for Westgold Resources?

Westgold’s board has adopted a new Shareholder Capital Return Policy, supporting ongoing dividends and share buy-backs. Looking ahead, the company will continue to focus on disciplined capital allocation, investing in its largest and most productive assets to boost production and cash flow.

The company will release further updates on its growth strategy and FY27 guidance in the coming weeks, outlining plans for continued production growth and shareholder value creation.

Westgold Resources share price snapshot

The Westgold Resources share price has significantly outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of 92%.

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The post Westgold Resources posts record FY26 profit, boosts dividend and returns 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 St Barbara Ltd (ASX: SBM) share price is in focus today as the gold miner revealed a statutory profit after tax of $490 million for FY26 and announced a fully franked dividend of 5 cents per share.

What did St Barbara report?

• Statutory profit after tax of A$490 million, up from a loss of A$94 million in FY25
• Revenue from ordinary activities (continuing operations) down 76% to A$3.6 million
• Net assets increased 148% to A$928 million by 30 June 2026
• Cash position of A$475 million with no debt or hedging
• Fully franked final dividend of 5 cents per share declared, payable 16 October 2026
• EBITDA (excluding significant items) loss of A$18 million

What else do investors need to know?

St Barbara’s strong result was largely driven by a A$500 million gain on the deconsolidation of New Simberi Gold, following a major strategic investment by Lingbao Gold Group. This transaction saw St Barbara reduce its ownership in New Simberi Gold to 50% minus one share, making it an investment in associate rather than a controlled entity.

The company reported New Simberi Gold generated an underlying profit of A$40 million for the first nine months, compared to a A$30 million loss in FY25. The board also announced the transfer of A$355 million of FY26 statutory profit to a distributable reserve, supporting the dividend payment.

Additionally, St Barbara is considering an on-market share buy-back of up to 100 million shares, with a final decision expected after an update to the 15-Mile Processing Hub Project Pre-Feasibility Study later in 2026.

What did St Barbara management say?

Managing Director and CEO Andrew Strelein commented:

FY26 was a breakthrough year for St Barbara. We completed the Lingbao strategic investment, secured the funding and early mining lease renewal for FID on the New Simberi Gold Expansion Project, completed permitting and FID for the Touquoy Restart and we delivered a compelling 15-Mile Processing Hub Project Pre-Feasibility Study.

The strengthened balance sheet and healthy funding position has enabled the Board to declare a fully franked dividend of A$0.05 per share. The Company is also considering an on-market share buy-back of up to 100 million shares but will delay a decision until we have been able to announce the results of the update to the 15-Mile Processing Hub Project Pre-Feasibility Study, which is anticipated to be released at the end of September.

The Company is committed to prudent capital discipline and will take the opportunity to pass on the available franked dividends as quickly as the balance sheet and funding outlook permits. St Barbara enters FY27 focused on value creation for shareholders, through project delivery, operational performance and efficient capital management.

What’s next for St Barbara?

Looking ahead, St Barbara intends to remain focused on project delivery and capital management following its recapitalisation and strategic partnership with Lingbao. The board expects to decide on a potential share buy-back after the release of further details on the 15-Mile Processing Hub Project.

The New Simberi Gold Expansion Project and the Touquoy Restart in Canada are both moving forward, with St Barbara highlighting sustainable value creation for shareholders as a top priority for FY27.

St Barbara share price snapshot

Over the past year, the St Barbara shares have risen 84%, significantly outpacing the All Ordinaries Index (ASX: XAO).

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The post St Barbara posts $490m profit and declares 5¢ dividend for 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.

One of the largest ASX consumer discretionary stocks has been tipped to rise significantly following earnings results. 

It has largely been a down year for the sector, which relies heavily on consumer spending and household confidence. These have both come under pressure amid elevated living costs and high interest rates.

However, following earnings results, Bell Potter has issued fresh guidance on Eagers Automotive Ltd (ASX: APE). 

Eagers is the largest automotive retailing group in the Australian market. 

The company’s core business involves the ownership and operation of motor vehicle dealerships covering a diversified portfolio of automotive brands.

What did the company report?

Yesterday, the company released half-year results, which included revenue rising 24% to $8.05 billion and net profit after tax up 23% to $165.2 million.

Other results included: 

• Underlying EBITDA up 23% to $364.6 million
• Ordinary interim dividend up 4% to 25 cents per share, fully franked
• Liquidity at $2.61 billion and net debt at $674.9 million as at 30 June 2026
• Acquisition of CanadaOne Auto Group contributed $40.5 million in profit before tax across two months  

Despite the results, this ASX consumer discretionary stock dipped 5% on the announcement. 

However, Bell Potter sees this as a clear buying opportunity. 

Strong results

In yesterday’s report, Bell Potter said Eagers Automotive delivered a strong H1 FY 2026, with underlying operating earnings coming in 4% above Bell Potter’s forecast. 

This was driven by stronger-than-expected revenue and better results in both Australia and Canada. 

The 25-cent fully-franked final dividend was also slightly ahead of expectations.

Bell Potter sees a positive outlook for H2, noting the resilience of the business, continued market-share gains, and opportunities to optimise operations and pursue disciplined growth across Australia and North America. 

While Eagers does not provide formal guidance, Bell Potter expects a significant improvement in H2 earnings, helped by a full six-month contribution from Canada.

Bell Potter has upgraded revenue forecasts by around 1% for FY26 to FY28, but trimmed underlying operating PBT forecasts by around 2% due to slightly lower margin assumptions in Australia and Canada.

Healthy upside for this ASX consumer discretionary stock

Based on this guidance, Bell Potter has retained its buy recommendation on this ASX consumer discretionary stock. 

The broker has a $27.50 price target, indicating almost 24% upside from current levels. 

This TP is >15% premium to the share price so we maintain our BUY recommendation. There is perhaps a lack of catalysts this half but we see continued good monthly VFACTS data in Australia (particularly for Toyota and BYD) as providing support and confidence in a strong H2 result.

The post Why this ASX consumer discretionary stock could be the sector’s top pick  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 recommended BYD Company. The Motley Fool Australia has recommended Eagers Automotive Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The PEXA Group Ltd (ASX: PXA) share price is in focus after the digital property settlement company posted 7% revenue growth to $406.9 million and a 12% jump in EBITDA for the full year 2026.

What did PEXA Group report?

• Group revenue rose 7% to $406.9 million (FY25: $379.5 million)
• EBITDA increased 12% to $151.7 million, with margins up 1.7 percentage points to 37.3%
• NPATA climbed 35% to $65.3 million; statutory NPAT from continuing operations improved to $19.2 million from a $65.6 million loss
• Free cashflow grew 39% to $93.5 million
• Leverage (Net debt/EBITDA) reduced to 1.0x, down from 1.8x
• No final dividend declared

What else do investors need to know?

PEXA delivered strong growth across both Australian and international operations, although its UK EBITDA remained negative as investment continued. Domestically, PEXA increased its property market coverage to all Australian states and territories, with TAS and NT onboarding during the year.

The business sharpened its strategic focus by divesting its Digital Solutions arm, strengthening the balance sheet and paying down $92.4 million in net debt. The UK business marked a major milestone by delivering NatWest’s digital remortgage functionality ahead of schedule, alongside steady progress with other lenders and growing transaction volumes.

What did PEXA Group management say?

PEXA’s CEO, Russell Cohen, said:

FY26 was my first full financial year as PEXA’s CEO. It has been a year of intentional change for PEXA, clearing the pathway for more disciplined execution, a sharpened focus, which resulted in a strengthened financial position to enable us to continue investment in the products and services that matter most to our customers.

What’s next for PEXA Group?

Looking ahead to FY27, PEXA expects challenging market conditions in Australia to impact property transaction volumes and revenue. The company is focused on strengthening its Australian Exchange, growing compliance services via PEXA Clear, piloting a capital-light model in New Zealand, and accelerating platform adoption in the UK with plans to launch Sale and Purchase for NatWest.

PEXA continues to engage with regulators over proposed changes to fee settings, advocating for outcomes that balance consumer value with ongoing investment in digital property infrastructure. Management guidance points to group revenue between $385 million and $415 million and NPAT of $5–20 million for FY27.

PEXA Group share price snapshot

The PEXA Group share price has been among the worst performers on the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of around 50%.

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The post PEXA Group jumps to FY26 profit as revenue and EBITDA lift 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.

Are you hunting for new ASX shares to buy for your portfolio?

If you are, then it could be worth hearing what analysts at Morgans are saying about the three listed below.

Is the broker bullish or bearish on them? Let’s find out.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

This pizza chain operator delivered an underlying profit that was ahead of expectations in FY 2026.

However, Morgans believes the earnings beat was low quality and driven by lower net interest expense and depreciation and amortisation. 

As a result, the broker has retained its hold rating on Domino’s shares with a $20.00 price target. It said:

Underlying NPAT of A$121.6m (+4.0% on the pcp) beat MorgansF A$117.8m and Visible Alpha A$119.4m and finished at the top end of pre-released guidance, but the beat was low quality, with EBIT up 1.0% to A$200.1m and carried by lower D&A (-15.7% on the pcp) and net interest expense. The balance sheet is strong, with net leverage down to 1.86x, free cash flow of A$164.1m and a 32.5cps final dividend (+51.2%) with a 50% payout ratio.

FY27 started soft with -5.8% same-store sales (SSS) for the first 8 weeks. We maintain HOLD and lift our price target to A$20.00 (from A$17.60); we view the reset as necessary, but the recovery is cost led and volume growth needs to return.

Flight Centre Travel Group Ltd (ASX: FLT)

Morgans was disappointed with this travel agent giant’s FY 2026 results, highlighting that its profits were at the lower end of its guidance range and its guidance was underwhelming.

Nevertheless, due to its cheap valuation, the broker has retained its buy rating with a $14.25 price target. It commented:

FLT’s FY26 result came in at the lower end of guidance which is disappointing given its 18 June trading update. Leisure was the key miss for us. Corporate had a strong year (+28% NPBT growth), while Leisure was weak (NPBT -22%) given the Middle East conflict. Outlook comments disappointed with Corporate expected to have a weak 1H27, followed by growth in the 2H27. Pleasingly, Leisure is off to a strong start. 

With one-off costs associated with Productive Operations and World360 Rewards now being placed above the line, we have made minor downgrades to our forecasts. While investors will need to be patient for another six months, FLT’s fundamentals remain attractive (FY27F PE of 11.6x) and we retain a Buy rating with a new A$14.25 price target. When operating conditions ultimately improve, both its earnings and share price will be materially higher.

WiseTech Global Ltd (ASX: WTC)

This logistics technology company delivered a result that was largely in line with expectations in FY 2026.

In response, the broker has retained its buy rating on WiseTech shares with a price target of $62.50. It said:

WTC’s FY26 result was largely in line with Morgans forecasts (MorgansF), with FY26 revenue of US$1,396m and EBITDA of US$558m coming in towards the lower end of its initial FY26 guidance range. While CargoWise revenue growth of +11% was softer than expected, WTC delivered annualised run-rate savings of ~US$115m in FY26, supporting further margin expansion into FY27. 

FY27 guidance will see revenue growth 2H-weighted, reflecting the timing of growth initiatives, while Underlying EBITDA guidance of US$725-780m implies EBITDA margins tracking back towards 49-51%. Our Underlying EBITDA forecasts are revised by +3%/-2% in FY27-FY28F and we retain our BUY rating with a price target of A$62.50ps (previously A$67.00ps).

The post Buy, hold, sell: Domino’s, Flight Centre, and WiseTech shares appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Domino’s Pizza Enterprises and WiseTech Global. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool Australia has recommended Domino’s Pizza Enterprises and 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.

When it comes to earning a passive income, ASX dividend shares are at the top of my list.

There are plenty of options available, too. From major Australian blue-chip companies, to defensive stocks, real estate investment trusts (REITs) and energy infrastructure or utility operators, many ASX-listed companies have a long history of paying their shareholders a regular and reliable dividend payment.

Here are two ASX dividend shares I’d buy right now, both of which I believe are positioned to pay attractive passive income for years.

Origin Energy Ltd (ASX: ORG)

Origin is an ASX dividend share favourite of mine.

The leading ASX energy company provides Australian homes and businesses with electricity, natural gas, solar and LPG. 

Given energy is an essential service, the stock is classically defensive. This means its shares are generally resilient to sharemarket volatility, global uncertainty and fluctuating sentiment. After all, people won’t stop powering their homes and businesses because the purse strings have tightened.

Origin’s assets operate under long-term contracts, often with rising income, which gives it another defensive quality.

Its defensive nature makes the company’s shares a great option for passive income, as they can generate substantial cash flows even when energy prices are elevated. 

And this directly benefits its shareholders. 

Origin has historically paid its shareholders every six months, consisting of an interim dividend in March and a final dividend in September.

In the first half of FY26, Origin Energy paid its investors 30 cents per share, fully franked. 

Brokers forecast that the energy business will increase its annual payout to 61 cents in FY26, translating to a forward yield of around 5.05%, including franking credits, at the time of writing.

Betashares Australian Dividend Harvester Fund (ASX: HVST)

The Betshares HVST is another ASX dividend share to consider. HVST is an ASX-listed exchange-traded fund (ETF) that invests in 40 to 60 dividend-paying companies. These are selected from the top 100 largest ASX-listed companies based on their dividend forecasts, franking credits, and expected future gross dividend payments.

The ETF does not track an index; instead, it targets exposure to high-dividend stocks.

The fund is structured to own a dividend-paying share until it trades ex-dividend. At this point, the fund sells the shares and reinvests the proceeds into its next opportunity.

YMAX is mostly weighted into the financial sector, which accounts for 26.9% of its allocation at the time of writing. The materials sector is second, accounting for 10.1% of its allocation.

The fund also invests into diversified metals & mining, consumer discretionary, energy, industrials, real estate, communications, and healthcare sectors. 

HVST ETF pays investors a regular, franked dividend income that is significantly higher than the annual income yield of the broader ASX. 

As of the 31st of July, its 12-month gross distribution (dividend) yield is 7.1%, and the net yield is 5.6%. The franking level is 63.3%. The fund’s annual management fee and costs are 0.72%.

The fund paid out $0.06 per share to investors earlier this month. In fact, the fund has paid around $0.06 per share each month since January 2024.

The post 2 ASX dividend shares I’d buy right now for passive income 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 Civmec Ltd (ASX: CVL) share price is in focus after the company announced full-year FY26 revenue of A$903.0 million, up 11.4%, and a net profit after tax of A$52.1 million, a 22.5% increase on last year.

What did Civmec report?

• Revenue of A$903.0 million, up 11.4% on FY25
• EBITDA of A$107.3 million, up 17.0% (EBITDA margin 11.9%)
• NPAT of A$52.1 million, up 22.5% (net profit margin 5.8%)
• Final dividend of 3.5 Australian cents, fully franked (total 6.0 cents for FY26)
• Order book of A$1.4 billion at 31 July 2026
• Net assets increased to A$591.2 million

What else do investors need to know?

Civmec reported strong operating cash flow before working capital movements of A$107.2 million, up 20% year on year, with increased investment in working capital supporting higher activity levels and order growth. The company’s secured order book stands at A$1.4 billion, thanks to significant new contract wins, including major SMPE&I packages for Iluka Resources and the Perth Sporting and Entertainment Precinct.

The business continues to expand through early contractor involvement and pre-FEED processes, particularly across the resources, energy, and infrastructure sectors. Civmec also promoted Mark Clay as Executive General Manager, Defence, to drive growth in its defence business—now newly established as a prime contractor to the Commonwealth.

What did Civmec management say?

Chief Executive Officer Patrick Tallon said:

Our FY26 result reflects the strength of our people, our proven execution capability, and the consistent delivery we bring to every project. The establishment of Civmec Defence Industries, together with the expansion of our regional facilities in Port Hedland and Gladstone, has further broadened our capabilities and market reach. With strong contributions across all sectors, we enter FY27 with a substantial order book, strong market demand, and a robust pipeline of opportunities.

What’s next for Civmec?

Civmec is entering FY27 with a sizeable order book and an active tendering pipeline across its key sectors. The business is well positioned to benefit from strong demand, with ongoing projects for major resources and energy clients and growth in public infrastructure and defence.

Management is focused on disciplined growth, pursuing opportunities across resources, energy, infrastructure, and expanding capabilities in defence and shipbuilding. Recent leadership appointments and investment in facilities are expected to support execution and further diversification.

Civmec Limited share price snapshot

Over the past 12 months, Civmec shares have risen 61%, outpacing the All Ordinaries Index (ASX: XAO).

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The post Civmec lifts FY26 profit, order book reaches $1.4bn 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 Virgin Australia Holdings Ltd (ASX: VGN) share price is in focus today after the airline posted a 13.4% rise in underlying EBIT to $753 million for FY26, alongside its first fully-franked dividend of 7.6 cents per share since re-listing.

What did Virgin Australia report?

• Underlying EBIT of $753 million, up 13.4% on FY25
• Underlying NPAT $404 million, up 21.9% year on year
• Statutory NPAT $501 million, up 4.7% on FY25
• Underlying EBIT margin expanded 60bps to 12.0%
• Fully-franked dividend of 7.6 cents per share declared
• ROIC increased to 20.1%, up 140bps

What else do investors need to know?

Virgin Australia says strong customer demand, effective fuel hedging, and benefits from its Transformation Program supported its earnings growth and helped offset rising costs, particularly in labour and airport charges. The airline finished FY26 with a conservative balance sheet: net debt at $1.2 billion represents a leverage ratio below its target range and available liquidity is $1.6 billion.

Operational performance also improved, with on-time rates up to 77.1% and completion rates at 98.7%. The Velocity Frequent Flyer program continued to grow, with external billings up 12.4% and more than 800,000 new members joining during FY26.

What did Virgin Australia management say?

Commenting on the results, Virgin Australia’s CEO, Dave Emerson, said:

Our FY26 results demonstrate that Virgin Australia has become a stronger and more resilient airline… Our strategy is working. We have built a simpler, more focused business with a primarily domestic network, targeted short-haul international services and global connectivity through our airline partners. That strategy, together with the continued benefits of our Transformation Program, has strengthened the quality of our earnings and positioned us well for the future…. The declaration of our inaugural dividend since re-listing reflects confidence in the strength of the business, while maintaining the disciplined approach to investment and capital allocation that will support sustainable long-term growth.

What’s next for Virgin Australia?

Looking ahead, Virgin Australia expects continued strong travel demand to support earnings. For 1H FY27, underlying EBIT is forecast to be broadly in line with the prior period, with disciplined capacity reductions, ongoing Transformation Program benefits, and planned investments in newer, more efficient aircraft.

The company aims to grow its owned fleet and maintain financial discipline, targeting capex of $0.9–1.0 billion in FY27. Velocity earnings are expected to hold steady next year, with investment in loyalty transformation aiming to drive double-digit earnings growth from FY28 onwards.

Virgin Australia share price snapshot

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

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The post Virgin Australia posts robust FY26 results and first dividend since re-listing 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 Channel Infrastructure NZ Ltd (ASX: CHI) share price is on watch as the company announced a major new contract with bp for expanded jet and diesel storage at Marsden Point, expected to deliver around $130 million in revenue over 15 years. Channel plans to invest approximately $65–70 million in repurposing storage tanks to support this long-term partnership.

What did Channel Infrastructure NZ report?

• Signed a 15-year contract with bp for extra jet and diesel storage at Marsden Point
• Contract estimated to generate ~$130 million revenue over the initial term (before indexation)
• Growth capital expenditure of $65–70 million planned for tank repurposing (2026–2028)
• Project to be funded via existing debt facilities
• Operating expenditure to increase by $0.7–0.9 million per year to support growth
• In-service contracted storage at Marsden Point increased by 40% over three months

What else do investors need to know?

Channel Infrastructure’s new deal with bp marks a big step in growing its role in New Zealand’s fuel supply chain. The company will begin work to repurpose existing tanks in September 2026, aiming to complete the project and start revenue in Q3 2028.

The investment is part of a broader plan to unlock Marsden Point’s strategic value, supporting fuel resilience and future energy transition opportunities. Channel has also recently increased its contracted storage and continues to look for further opportunities for growth, including supporting lower-carbon fuels and energy security projects.

What’s next for Channel Infrastructure NZ?

Looking ahead, Channel Infrastructure is focused on delivering the Marsden Point expansion and maximising its position as New Zealand’s leading fuel import terminal. Management remains committed to supporting the country’s energy transition, leveraging available storage capacity and land for new fuel security and renewable projects.

The company also retains strategic interests outside Marsden Point, including a stake in the Somerton pipeline to Melbourne Airport and a fuel testing business, positioning it well for long-term industry shifts.

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The post Channel Infrastructure secures $130m bp storage contract in Marsden Point growth plan 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.