ASX reporting season live updates: Everything you need to know about companies revealing results today

Andrew and Nicola Forrest will bank a colossal payout from a big jump in Fortescue’s interim dividend; Profit at Woolworths has been halved as it pays out for a staff salary bungle.

Daniel Newell
The West Australian
We’re crossing the half-way mark of the final big week of February reporting season.
We’re crossing the half-way mark of the final big week of February reporting season. Credit: Andrew Ritchie/The West Australian

The first of Australia’s big grocers fronts up to shareholders today, giving us an insight into how customers started tightening their belts ahead of the RBA rate rise in February.

Also up today with Woolworths is Fortescue, Domino’s Pizza, WiseTech Global, G8 Education, Bapcor and Flight Centre.

We’re crossing the half-way mark of the final big week of February reporting season.

There’s still plenty to come, so stay with us throughout the day as we bring you all the latest news and analysis.

Daniel Newell

Inflation drop on the cards but rate pain to persist

Inflation levels are tipped to ease slightly, but it’s unlikely that will make the Reserve Bank take interest rate hikes off the cards.

The first inflation figures for 2026 will be released by the Australian Bureau of Statistics later this morning, with economists predicting a small downturn for January.

Headline inflation, which sits at 3.8 per cent, is tipped to trend down to 3.6 per cent.

However, the trimmed mean, which removes volatile price swings, is expected to remain steady at 3.3 per cent.

The trimmed mean is the preferred measure of the inflation by the Reserve Bank, which aims for a target of between 2 and 3 per cent.

Read the full story here.

Daniel Newell

Fortescue shares wealth after record first half

Andrew Forrest’s Fortescue is showering investors with a massive interim dividend after record iron ore shipments in the first half saw post-tax profit jump to $US1.91 billion ($2.71b).

Shareholders will collect 62c a share - up from 50c a year earlier.

The miner produced 121.6 million tonnes of iron ore in the six months to the end of December, shipping 100.2mt at an average realised price of $US90.87 a tonne. Revenue hit $US8.44b - up 10 per cent on the previous corresponding period.

Costs per tonne came in at $US18.64 - down 3 per cent on the first half of FY25.

Underlying earnings before interest, tax, depreciation and amortisation was $US4.5b - 23 per cent higher than the previous year.

Fortescue metals and operations chief executive Dino Otranto said the miner delivered a “standout first half”.

“We have the lowest operating cost in the industry, and decarbonisation is pushing that even lower,” Mr Otranto said.

“By removing diesel across our operations, we’re structurally improving our cost position. The more diesel we eliminate, the less exposure we have to price volatility, and the stronger and more predictable our margins become.”

Fortescue ended the six months with $US4.7b cash and net debt of $US1b.

It is forecasting full-year shipments of between 195mt and 205mt, including between 10mt and 15mt from its troubled Iron Bridge high-grade magnetite project.

Originally published on The West Australian

Comments

Latest Edition

The Nightly cover for 20-03-2026

Latest Edition

Edition Edition 20 March 202620 March 2026

One Nation warning for Liberals as South Australian vote set to splinter.