ASX reporting season: All the latest news from companies releasing financial results to the market today

Evolution Mining will pay out a bumper final dividend after booking a record-breaking year for the miner - and the gold price.

Record statutory profit of $1.48 billion was 59 per cent higher that a year ago, while record underlying earnings before interest, tax, depreciation and amortisation of $3.17b was up 44 per cent.

The surge came from a 40 per cent rise in the average realised price of gold throughout the year of $6023 an ounce, up from $4300 a year earlier.

Copper prices also imporved 25 per cent to $18,051.

“The record financial performance is on the back of safe, consistent and reliable operational delivery, complemented by our disciplined approach to cost and capital management,” said MD Lawrie Conway.

“Our high-margin business is generating significant cash flow with a record Group cash flow of nearly $1.4b.”

Thanks to a new payout ratio targeting 60 per cent, Evolution will hand shareholders a record final fully franked dividend of 21c a share. The full-year dividend of 41c a share is also a record.

Evolution was holding $1.35b cash at June 30, with debt of $1.33b and no repayments due until FY29.

The miner is targeting FY27 gold production of between 660,000 and 730,000oz and copper prodcution of between 63,000 and 70,000 tonnes.

Elon Musk’s 52m SpaceX Starship has been towed to Christmas Island, off the WA coast, after the rocket plunged into the Indian Ocean following a test flight.

The Australian Space Agency co-ordinated the recovery effort with the Federal Government and SpaceX to recover Starship Flight 13 – which launched in Texas a month ago.

“SpaceX has towed the vehicle to Christmas Island after it re-entered and landed in international waters,” an ASA spokesman said.

Musk’s company had earlier said it was still struggling to retrieve the rocket.

“The SpaceX Recovery team is still working to recover Flight 13’s Starship from the Indian Ocean,” the company posted on August 8.

“They’ve been overcoming challenging conditions and increasingly rough seas as they attempt to guide the 52m long spacecraft to port.”

The rocket became a sensation on Christmas Island – with locals reportedly gathering to watch the towing unfold and others taking their boats out to get a closer look.

Christmas Island Tourism Association chair David Watchorn said people were “excited” by the novel occurrence.

The ASA said questions regarding the rocket’s recovery operations and any future plans for Starship’s return to the United States should be directed to SpaceX.

Queensland’s royalty regime has made new investments in the State unfeasible, the boss of the world’s biggest mining company says.

BHP on Tuesday disclosed it had paid $1.8 billion in State royalties on its five coking coalmines in central Queensland, a joint venture with Japan’s Mitsubishi.

But Queensland’s sliding-scale royalty regime, introduced by the former Labor government in 2022, has made new investment in the state unsustainable, according to BHP chief executive Brandon Craig.

The regime meant that when coking coal prices were high, BHP would pay the equivalent of a 67 per cent tax rate on its business, Mr Craig said.

“That makes the long-term economics of actually investing major capital quite problematic,” he told reporters.

“The current royalty rates, particularly at the highest pricing levels, are not sustainable for ongoing investments in growth.”

In September 2025, BHP blamed the royalty regime for a decision to cut 750 jobs across its Queensland coal operations.

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High demand for coffee machines and cooking appliances have served up record sales for Breville.

The appliance maker reported a 6.7 per cent increase in revenue for the full year to $1.81 billion, up from $1.7b a year earlier.

On a constant currency basis, revenue growth was up 9.7 per cent as the US dollar and the euro weakened in the second half of FY26.

Net profit rose 1.7 per cent to $138.1 million.

The coffee and cooking segments delivered double-digit revenue growth while entry to Breville’s new markets of China, Korea, Mexico and the Middle East is paying off, collectively growing more than 70 per cent.

It said said of new products including the Oracle Dual Boiler, the EyeQ Toaster, the Baratza Encore ESP Pro and the Lelit Mara X3 all performed well.

Group CEO Jim Clayton said the manufacturer had been tested “on every front”.

“We transformed our manufacturing footprint, grew revenue to a record $1.8b, and delivered EBIT in line with budget and guidance, in a year when US tariffs restructured four times and the closure of the Strait of Hormuz disrupted global supply chains,” he said,

“That is a result the team can be proud of.”

Breville will pay out a fully franked final dividend off 38c a share, up from 37c a year earlier.

Breville said it expects demand for its products to remain resilient, though some issues are ongoing.

“The risk of oil-based supply chain disruption and cost inflation across both materials and transport continues to evolve,” the company said.

“In the US, our biggest market, the tariff environment remains fluid, and the effective tariff rate we will face in financial year 2027 remains unclear.”

Iluka Resources has slumped to a first-half net loss of $24 million as revenue from the sale of its mineral sands products plunged despite volumes increasing.

Total sales reached $432.7 million for the six months to June 30, down 22.4 per cent from $557.7m a year earlier.

Synthetic rutile did the biggest damage to the books, with sales volumes 48 per cent lower at 37,000 tonnes, reflecting the second-half weighting of contracted sales.

Prices also declined to $US1087/t compared to $US1143/t in the first half of FY25.

Rutile volumes soared 34.6 per cent while zircon was up 3.4 per cent to 163,500t, with the commodity also enjoying better pricing.

The loss for the half compared to a $92m profit booked a year earlier.

Iluka pinned the blame on weaker prices and a stronger Aussie dollar, which rose to US70c for the period compared to US66c a year earlier.

“The decline from the prior comparative period was primarily attributable to lower realised prices across key products, reflecting market conditions, and the appreciation of the AUD against the USD, which unfavourably impacted the group’s predominantly USD-denominated revenue,” the miner said.,

“These impacts were partially offset by lower cash production costs resulting from the idling of Cataby and Capel operations, and the benefits of ongoing cost control initiatives, despite higher input costs arising from energy supply disruptions during the first half of 2026.”

Iluka will pay a fully franked interim dividend of 3c a share, up from 2c a year ago.

Wall Street’s main indices have closed lower, with semiconductors leading technology declines as Middle East uncertainty pushed bond yields to multiyear peaks, feeding concerns about borrowing costs and inflation.

Fading hopes for Middle East peace pushed oil prices higher, which in turn triggered an increase in US 30-year Treasury bond yields to their highest levels since 2007.

The 10-year bond yields touched their highest levels since January 2025.

Rising borrowing costs lowered how much investors were willing to pay for potential growth in technology profits.

“It starts off almost like a domino effect. Talks break down. That leads to oil prices going up. That leads to higher inflation expectations and bond yields rise,” said Burns McKinney, portfolio manager at NFJ Investment Group.

He added that “every time bond yields rise, that tends to disproportionately hit the technology names”.

The S&P 500 lost 53.30 points, or 0.69 per cent, to 7691.76 and the Nasdaq Composite shed 355.20 points, or 1.33 per cent, to 26,289.71, marking the biggest daily percentage decline since July 29 for both.

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