ASX reporting season: All the latest news from listed companies reporting their financial results

The local share market has closed in the red for a second consecutive day, with the losses accelerating after the Reserve Bank cut interest rates for the first time in four years - while warning it might not do so again for while.

The benchmark S&P/ASX200 index on Tuesday finished 56.1 points lower at 8,481.0, a loss of 0.66 per cent, while the broader All Ordinaries dropped 55.2 points, or 0.63 per cent, to 8,756.7.

The Reserve Bank cut Australia’s cash rate by a quarter of a point to 4.1 per cent on Tuesday afternoon, as most observers were expecting.

The accompanying policy statement warned there were still risks of inflation and emphasised that board remained cautious on prospects for further policy easing, however.

ANZ senior economist Adelaide Timbrell described it as a “hawkish hold” consistent with her bank’s forecast of a shallow easing cycle. ANZ expects just one more cut, in August.

AMP chief economist Shane Oliver however predicted a cut in May and another in August as economic growth picks up more slowly than the RBA is forecasting, while slowing wage growth cools sticky services inflation.

“RBA rate cuts can be positive for Australian shares because they help boost future profit growth and make shares relatively more attractive relative to cash,” he noted.

Seven of the ASX’s 11 sectors finished lower on Tuesday, with consumer staples, health care, tech and property closing higher.

Financials and energy were the biggest movers, both down 1.4 per cent.

All of the big four banks were lower, with Westpac dropping 3.0 per cent to $32.31, NAB retreating 2.5 per cent to $39.51, ANZ falling 1.8 per cent to $30.61 and CBA subtracting 1.4 per cent to $162.60.

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The S&P ASX200 is still down after the Reserve Bank announced its first rate cut in more than four years.

All but two of the 11 sectors were in negative territory at 12.10pm. Energy, banks, consumer discretionary stocks, mining and real estate stocks were all down.

Health care and IT eked out small gains.

The index was trading down 0.5 per cent at 8491.1.

Mike Henry has again made a thinly veiled threat that BHP will not pump out an extra 25 million tonnes of WA iron ore each year if unions regain a foothold in the Pilbara.

The BHP chief executive on Tuesday was asked if ongoing negotiations with the Australian Workers Union, Electrical Trades Union, and Mining and Energy Union — made possible by Federal Labor’s changes to industrial relations laws — could cause BHP to rein in its long-term annual production target for WA iron ore of 330 million tonnes.

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Millions of Aussie borrowers are set for mortgage relief after the Reserve Bank cut the official interest rate by 25 basis points to 4.1 per cent.

It marks the first time the RBA has lowered the cash rate since late 2020 and came as the board warned the economy was “weak”.

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The local share market is on track for its second day of losses as traders wait to see if the Reserve Bank cuts rates for the first time in more than four years.

The S&P/ASX200 was down 51.1 points, or 0.6 per cent, to 8486.0 atmidday, while the all ordinaries was down 48.1 points, or 0.55 per cent, to 8762.8.

Capital.com analyst Kyle Rodda said that the eyes of the world would temporarily be on Australia forthe rates call.

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Shares in WA-based contractor Macmahon have tanked almost 7 per cent in early trade as investors digest its first-half results.

The company lifted its interim dividend despite taking a proft hit from last year’s acquisition of smaller rival Decmil.

Net profit sank almost 18 per cent to $30m, which Macmahon attributed to the cost of buying the company.

Macmahon shares were down 6.8 per cent by 8.30am to 30.7c.

It was a different story for Monadelphous, with the engineering contractor’s shares soaring 6.9 per cent to $16.67 after earlier reporting a 41.3 per cent leap in net profit for the six months to the end of December of $42.5 million.

Virgin Australia’s plans to partner with Qatar Airways to resume long-haul flights to and from Australia is a step closer after the competition watchdog gave it the green light.

Commissioner Anna Brakey revealed in a statement on Tuesday that the Australian Competition and Consumer Commission felt the proposal would benefit the public.

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Construction engineer SRG Global has increased its dividend off the back of a record first-half profit.

The group said today net profit for the six months to December 31 rose 24 per cent to $18.9 million, with revenue up 21 per cent to $619.7m.

Directors increased the interim dividend half a cent to a fully franked 2.5c share.

SRG chief executive David Macgeorge said the result was “underpinned by strong business fundamentals, excellent cash generation and solid operational delivery for our blue-chip client base”.

“SRG now has record work in hand of $3.4 billion and is well positioned for long-term sustainable growth with end-to-end asset life capability in the water, defence, resources, transport and energy sectors across Australia and New Zealand,” he said.

SRG has upgraded its full-year profit guidance to between $125m and $128m before interest, tax, depreciation and amortisation, with $59m recorded in the first half.

Its shares were 4.9 per cent lower at $1.36 as at 7.45am.

Infant retailer Baby Bunting says its focus on driving sales through product innovation is delivering results after the company posted a near-40 per cent leap in profit.

The company said sales hit $254.4 million in the six months to the end of December, up from the $248.5m recorded a year ago. Net profit grew 37 per cent to $4.8m.

“Newness in our ranges continues to resonate, with new customer acquisition up 12 per cent on the prior period,” chief executive Mark Teperson said.

“Our exclusive branded products remain a key traffic driver and, with a strong pipeline of exclusive launches in the second half, we expect this momentum to continue.”

Baby Bunting, which operates 75 stores nationally, has forecast full-year profit to hit between $9.5m to $12.5m.

The board has determined no interim dividend will be paid, with the company looking to reinvest in its growth.

Baby Bunting shares were down 3.2 per cent to $1.78 just after 8am.

Four-wheel drive enthusiasts pimping their rides have helped accessory company ARB lift revenue by nearly 6 per cent in the first half of 2025.

Despite a slump in 4WD sales — including declines of more than 20 per cent for Toyota Hilux, Ford Ranger, and Isuzu D-Max models — ARB grew aftermarket sales by nearly 2 per cent.

Exports were a key driver of growth, rising 15 per cent, led by a 19 per cent increase in US sales. Other international markets were up 14 per cent.

Despite higher sales, profit after tax fell 0.6 per cent to $51 million. However, analysts at Wilson Asset Management maintained an ‘overweight’ rating on the stock, citing a strong order book.

ARB said it had preserved a healthy gross profit margin despite a weaker Australian dollar and “persistently high inflation across the globe”.

“The Australian and world economies remain challenging. Nevertheless, the company’s order book remains healthy relative to historical averages, and order intake remains close to historical highs despite reduced discretionary spending,” ARB stated.

The company declared an interim dividend of 34c a share, unchanged from last year.