Five companies reported actual earnings this week, with two guidance updates, as the ASX sees mixed results amid challenging market conditions. NHC dominated headlines with an 84% profit decline despite higher coal volumes, while SGM upgraded its FY26 guidance and AII achieved a major operational milestone. Overall sentiment remained neutral across the 114 total announcements.
Earnings Results
Almonty Industries Inc. (AII)
Almonty Industries delivered revenue of $32.5 million, up 13% year-on-year, driven by exceptional tungsten pricing with APT prices surging to US$2,250/MTU. However, the company reported a net loss of $161.9 million, primarily due to $126.7 million in non-cash derivative revaluation charges from share price appreciation. The current share price sits at $24.46.
The result comes amid reports that the company has begun commercial mining at its Sangdong tungsten mine in South Korea. December 2025 marked a critical operational milestone with first ore delivery to the Sangdong Mine ROM pad, transitioning the operation from development to active mining. The company strengthened its balance sheet significantly with $268.4 million in cash at year-end, compared to $7.8 million in the prior year, following successful capital raisings including a Nasdaq IPO.
New Hope Corporation (NHC)
New Hope Corporation faced challenging market conditions with net profit falling 84% to $54.3 million despite maintaining solid operational performance. Revenue declined 20.1% to $814.5 million as realised coal prices averaged $137.8 per tonne, down from $173.3 per tonne in the prior period. The company declared a fully franked interim dividend of 10 cents per share and reported EPS of 6.4 cents.
Coal sales volumes increased 3.4% to 5.6 million tonnes, demonstrating operational resilience despite the pricing headwinds. The company maintained strong cash generation with operating cash flow of $185 million and available cash of $616.8 million. New Hope shares gained 7.9% over the week to close at $5.77, following news coverage of the company's continued commitment to coal operations despite market challenges.
Premier Investments (PMV)
Premier Investments delivered stable earnings with net profit from continuing operations essentially flat at $101.7 million, up just 0.38% year-on-year. Core revenue declined slightly by 1.1% to $460.3 million, though total revenue and other income grew 3% to $479.7 million driven by higher other income. The company declared a 45-cent fully franked interim dividend and reported EPS of 63.6 cents.
The retailer maintained solid cash generation with operating cash flow of $146 million and a net cash position of $291.1 million. Premier shares fell 2.2% over the week to $12.17, with reports noting the stock briefly jumped 8% on results day before closing at a 52-week low amid mixed investor reaction to the result.
Seafarms Group Limited (SFG)
Seafarms Group released its half-year report, though detailed financial metrics were not available in the provided documentation. The sustainable aquaculture company continues its Crystal Bay Prawns operations and Project Sea Dragon prawn aquaculture development in northern Australia. The stock trades at $0.002 per share.
Trading Updates & Guidance
Sims (SGM)
Sims provided an upbeat trading update, projecting FY26 underlying EBIT between $350-400 million, with its Lifecycle Services division expected to deliver $165-185 million. The guidance reflects strong secondary-market memory chip pricing and non-ferrous metals prices, despite headwinds from Chinese steel exports and Middle East conflict impacts on shipping costs.
The recycling and metals recovery company's shares surged 11.5% over the week to $20.48, following reports that the stock jumped 17% on the earnings guidance boost. The strong performance in Lifecycle Services continues to offset challenges in the traditional metals recycling business.
Turners Automotive Group (TRA)
Turners Automotive Group upgraded its FY2026 earnings guidance to approximately $63 million NPBT, up from previous guidance of $60 million. The upgrade reflects strong summer trading performance across both auto retail and finance lending divisions, though the company expects a non-cash goodwill write-down of $7-9 million related to its non-core EC Credit division.
The automotive retailer's shares trade at $7.24, with the guidance upgrade coming amid reports of strong trading conditions in the automotive sector.
Weekly Price Movers
Notable Shareholder Movements
State Street Corporation was active this week, becoming a substantial holder in multiple ASX-listed companies. The global investment manager took 5.48% stakes in NXL (Nuix Limited), 5.11% in PWH (Pwr Holdings Limited), 5.08% in LOT (Lotus Resources Limited), and 5.06% in NCK (Nick Scali Limited).
Separately, Citigroup Global Markets Australia became a substantial holder in CXO (Core Lithium Ltd) with a 6.98% stake, while MQG (Macquarie Group) was involved in multiple substantial holder changes across various portfolio companies.
The earnings season continues to unfold gradually, with major reporting periods still ahead. Companies face mixed conditions across sectors, from challenging commodity pricing in resources to operational resilience in industrial and retail segments. Investors will be watching closely for further guidance updates as companies navigate the current market environment.