Six companies reported actual earnings results this week alongside two guidance updates, with mixed results highlighting contrasting fortunes across mining and resources sectors. PNR delivered strong revenue growth despite lowering production guidance, while MCM faced revenue declines amid operational challenges.
Earnings Results
Tuas Limited (TUA) - $3.4B
Tuas announced procedural details for its upcoming half-year results presentation scheduled for 25 March 2026, covering the period from August 2025 to January 2026. The announcement contained no financial metrics, focusing instead on logistics for the investor presentation and webcast. Shares traded at $6.00 during the week. This follows recent attention on the company's earnings performance, with analysts noting good growth and maiden profitability in its previous FY 2025 results that showed 29% growth.
Pantoro Gold Limited (PNR) - $1.5B
Pantoro delivered strong financial results for H1 FY26 with revenue rising 55.6% to $238.6 million, driven by gold production of 41,623 ounces. EBITDA surged 112% to $135.5 million while gross profit jumped 467% to $85.1 million, demonstrating significant operational leverage. Operating cash flow increased 129% to $128.3 million, maintaining the company's debt-free status with $216.5 million in cash and gold.
However, FY26 production guidance was revised downward to 86,000-92,000 ounces due to weather disruptions from Ex-Tropical Cyclone Mitchell, personnel constraints, and planned contractor transitions. Shares fell 32.9% during the week to $3.45, reflecting market concerns about the guidance cut. The result comes amid reports of flood disruption that sparked a sharp share price sell-off, following what had been strong performance for the gold producer.
MC Mining Limited (MCM) - $268M
MC Mining reported a net loss of $8.1 million for H1 2026, representing a 2% improvement from the prior corresponding period, with loss per share narrowing 33% to 1.22 cents. Revenue declined 22% to $6.6 million due to lower sales volumes at Uitkomst and weaker thermal coal pricing. The company is hibernating Uitkomst operations from March 2026 to stem cash losses while advancing the Makhado Project toward hot commissioning in April 2026.
Net asset value increased 23% to $101.9 million, reflecting $35 million in funding received from Kinetic Development Group, which now holds 47.42% of the company. Shares gained 23.1% during the week to $0.32. This follows news of new takeover interest as Vulcan Resources topped a previous bid from Goldway Capital, highlighting ongoing corporate activity around the company.
Central Petroleum Limited (CTP)
Central Petroleum delivered positive underlying results for HY2025, with underlying profit after tax rising 17% to $2.5 million and sales revenue increasing 17% to $22.1 million. The improvement was driven by higher commodity realisations despite lower production volumes, with gross profit margin expanding 20% to $7.1 million. The company strengthened its cash position from $3.9 million to $5.3 million and secured multi-year gas sales agreements providing revenue certainty through 2034.
While underlying performance was solid, statutory results showed a net loss of $1.7 million due to a $4.2 million impairment charge from withdrawal of exploration permit EP82. This follows recent signing of a letter of intent for new drilling and long-term gas supply, positioning the company for future growth.
Mount Hope Mining Limited (MHM) - $8M
Mount Hope Mining, an early-stage gold explorer in the Cobar Basin, reported a half-year loss of $1.14 million as it accelerated exploration activities. The loss represented a significant increase from the minimal prior period result, reflecting increased exploration spending. Revenue was negligible at $0.07 million, typical for a pre-resource exploration company. The company secured a $1.23 million placement to fund continued exploration of its Mt Solitary gold prospect.
Phase 1 drilling results included encouraging intercepts such as 19 metres at 4.5 g/t gold, validating historical results and supporting the geological model. Phase 2 drilling of approximately 2,650 metres is underway across the expanded MS2 Gold Corridor. Recent reports indicate the company has been mapping deeper gold structures and announced a $2.48 million capital raise to fund ongoing exploration.
Elanor Investors Group (ENN)
Elanor reported a statutory net loss of $57.0 million for FY25, a significant improvement from the $157.8 million loss in FY24, though revenue declined 6.5% to $132.8 million. Core earnings turned negative at $8.9 million compared to a positive $12.8 million in FY24, due to reduced funds management income and elevated borrowing costs. No distributions were declared for the period.
The company manages $5.5 billion in funds across retail, commercial, healthcare, industrial, and hospitality sectors, and executed an orderly asset realisation program worth approximately $430 million. A transformational $125 million Rockworth recapitalisation agreement was secured and approved by securityholders in February 2026, comprising $70 million senior secured debt and $55 million perpetual subordinated notes. Shares were unchanged during the week at $0.82. This comes amid ongoing corporate activity, with the company recently responding to an unsolicited takeover offer for its Commercial Property Fund.
Trading Updates & Guidance
Air New Zealand Limited (AIZ) - $1.2B
Air New Zealand suspended its FY2026 earnings guidance due to unprecedented volatility in global jet fuel markets following escalation of Middle East conflicts. Jet fuel prices surged from US$85-90 to US$150-200 per barrel, with the airline expecting meaningful impact on second-half earnings despite being 83% hedged against Brent crude. The company is implementing fare adjustments and cost reduction measures in response.
Shares fell 14.4% during the week to $0.37 as markets reacted to the guidance suspension. The airline remains exposed to crack spread movements despite its hedging position. Recent analysis has questioned why Air New Zealand hasn't bounced back from the pandemic like Qantas, highlighting ongoing operational challenges facing the carrier.
Collins Foods Limited (CKF) - $1.1B
Collins Foods signed a binding agreement to acquire eight KFC restaurants in Bavaria for approximately €31.1 million and expanded its German development agreements to target 45-90 new restaurants over four years. The company also refocused its Netherlands corporate franchise agreement with Yum! Brands to improve operational efficiency and profitability.
Shares traded at $9.88 during the week following the announcement. The European expansion represents a significant strategic move for the KFC franchisor, with reports indicating the stock jumped 11% on news of the Germany deal and showed strong trading performance.
Weekly Price Movers
Notable Shareholder Movements
State Street Corporation emerged as a notable acquirer this week, crossing the 5% substantial holder threshold in five ASX-listed companies. The global asset manager became a substantial holder in Nuix Limited (5.26%), PWR Holdings (5.12%), Nick Scali (5.14%), Chalice Mining (5.13%), and Amplitude Energy (5.32%), suggesting systematic portfolio rebalancing or index-driven accumulation across diverse sectors including technology, engineering, retail, mining, and energy.
With earnings season continuing to unfold, investors will be watching for further results from major companies in the coming weeks. The mixed performance across sectors reflects the varied challenges and opportunities facing Australian businesses, from commodity price volatility affecting miners to operational disruptions impacting airlines and broader economic conditions influencing consumer-facing businesses.