ASX reporting season: All the latest news from companies releasing financial results to the market today
And we’ve made it. The last week big week of reporting season. We’re two-thirds of the way through but there’s still plenty of big names yet to report.
And we’ve made it. The last week big week of reporting season. We’re two-thirds of the way through but there’s still plenty of big names yet to report.
We kick off the final hurrah with WA pure-play lithium major PLS, Bendigo and Adelaide Bank, Ampol, Dan Murphy’s and BWS owner Endeavour Group, Adairs, Reece, Monash IVF and Chorus.
Stay with us as we bring you all the latest throughout the day.
Daniel Newell is reporting live.
Flat year for Perenti
Perenti will pay out a slightly improved full-year divided after a small jump in net profit from essentially flat revenue for FY26.
Revenue at the mining services contractor slipped one per cent from a year earlier to $3.46 billion.
Net profit before impairments and loss on discontinued operations was up 8 per cent to $192 million, but down 68 per cent to $44m on a statutory basis.
The impairments related to a $25m non-cash charge related to idle surface fleet in West Africa driven by the changes in localisation laws related to surface mining.
The sale of the idle AMS division surface fleet is expected to realise between $10m and $15m in FY27.
It will also book a $64m non-cash loss on the sale of its BTP Group parts and hire business, announced last week.
A final dividend of 4.5c a share will take the total FY26 payout to 7.75c, up slight from 7.25c a year earlier.
MD Vanessa Torres said Perenti had achieved guidance for the fifth consecutive year.
“Perenti has delivered an excellent FY26, making significant progress in safety, operational and financial performance and continuing an ongoing process of portfolio transition,” she said.
“The financial results achieved guidance for the fifth consecutive year, highlighted by another outstanding free cash flow result, a balance sheet in the strongest position in company history, and an expanded pipeline of opportunity available.
“As expected, the stronger second half earnings delivered the full-year result within guidance. Consistent with prior years, an earnings skew in FY27 will follow a similar pattern.”
PLS back in black as lithium prices more than double
A lithium price that more than doubled over the last financial year has put PLS back in the black.
The Dale Henderson-led miner this morning reported a net profit of $526 millon, a turnaround from a $196m loss the previous year as the battery material recovered from years of depressed prices.
The average realisd price per tonne leapt from $US672 to $US1488, a jump of 121 per cent over the 12 months. Total revenue hit $1.93 bilion.
PLS declared a final fully franked dividend of 5c a share.
Mr Henderson said FY26 was a record year, and showed the business could respond quickly when market conditions improved.
“As the lithium market strengthened, we acted - bringing idled capacity back into production and shifting our focus decisively from defence to growth.
“That preparation is reflected in the results. We delivered record production of approximately 880,000t while reducing unit operating costs by 9 per cent, generating $1.1 billion of underlying EBITDA at a 59 per cent margin and $1.4b of cash margin from operations.”
Bouyed by the price recovery, PLS swicthed its Ngungaju processing plant back on earlier this year.
First ore from the plant was processed in early July.
PLS in January flagged a potential restart of the 200,000-tonne-per-annum Ngungaju — one of two processing plants at its flagship Pilgangoora operation in the Pilbara.
Originally published on The West Australian
