The ASX delivered 43 actual earnings results and 15 guidance updates this week, headlined by ANZ's solid half-year result with 6% cash profit growth to $3.78 billion. The week showed mixed sentiment across sectors, with mining companies delivering strong operational updates while some consumer-facing businesses faced headwinds.
Earnings Results
ANZ Group Holdings
ANZ reported half-year statutory profit of $3.65 billion, flat year-on-year, while cash profit grew 6% to $3.78 billion. The bank maintained disciplined cost control with operating expenses down 22% half-on-half and 4% year-on-year to $5.6 billion. The result comes amid reports of a new ANZ dividend announcement and analysis of key valuation metrics for the shares. ANZ declared an 83-cent interim dividend (75% franked) and maintained a strong CET1 capital ratio of 12.4%. Shares closed at $35.70, down 1.5% for the week.
Origin Energy
ORG faced challenges in its March quarter with APLNG revenue declining 12% to $1.86 billion due to lower LNG prices and currency headwinds. The company significantly downgraded Octopus Energy guidance to -$70 million to +$30 million EBITDA from the previous $0-150 million range, citing UK regulatory changes and adverse weather. Despite strong data centre demand driving 4% electricity volume growth, shares fell 5.5% for the week to $12.07.
Whitehaven Coal
WHC delivered solid Q3 results with 9.5Mt of ROM production and strong equity sales of 6.8Mt tracking toward the upper half of full-year guidance. The company benefited from improved coal pricing with PLV HCC up 18% and gC NEWC up 11% quarter-on-quarter. WHC successfully refinanced acquisition debt, delivering $50-55 million in annual interest savings. This follows news of bond refinancing and analysis of the company's capital structure evolution. Shares surged 9.2% for the week to $8.66.
Ramelius Resources
RMS reported Q3 gold production of 38,093 ounces at AISC of $2,211 per ounce, with year-to-date production of 138,716 ounces tracking toward guidance midpoint. However, the company raised AISC guidance to $1,900-2,050 per ounce from $1,700-1,900 due to earlier commercial production at Dalgaranga and rising costs. The miner delivered strong cash generation with $171.3 million operating cash flow and completed $110.2 million of share buybacks. Despite record quarterly profitability, shares declined 8.5% to $3.41 amid rising diesel costs.
Kingsgate Consolidated
KCN achieved its fifth consecutive quarter exceeding 20,000 ounces with 21,036 ounces produced and a record AISC margin of US$2,613 per ounce. The company built cash reserves to $213.4 million while reducing debt by $30 million, supported by strong gold and silver pricing. KCN paid a $0.10 interim dividend and shares gained 4.8% for the week to $6.37.
Brazilian Rare Earths
BRE reported exceptional exploration progress at Monte Alto with ultra high-grade drilling results up to 35.3% TREO and validated >95% ore sorting recovery. The company secured a Trial Mining Licence and completed a $5.0 million acquisition of the Água Verde Project. Recent coverage highlights the company's ASX 200 momentum and strong rare earth grades. Shares rose 3.3% to $5.00.
IperionX
IPX successfully transitioned Virginia operations to 24/7 production with 4.2 metric tons of HAMR powder produced in March. The company is targeting 200 tonnes per annum capacity by end-2026 and secured $47.1 million in DoW funding plus additional government support totalling approximately $160 million. Production has jumped five-fold as the company positions for customer revenues in H2 2026.
St Barbara
SBM completed a transformative quarter with the Lingbao strategic investment bringing $389 million cash and Final Investment Decision approval for the US$333 million New Simberi expansion. Q3 gold production surged 49% to 13,522 ounces with AISC declining 34% to $4,323 per ounce. The company received regulatory approval for the Touquoy Restart and is now fully funded for development targeting 200,000 ounces per annum by FY31. Despite strong operational progress, shares fell 7.6% to $0.61.
29Metals
29M reported Q1 revenue of $165.0 million, up 20% quarter-on-quarter driven by higher copper and zinc sales. The company achieved positive free cash flow of $10 million and strengthened liquidity to $238 million following a $143 million equity raise. Despite production challenges at Xantho Extended, full-year copper guidance was maintained at 20-24kt. Shares gained 10.2% to $0.24.
Other Notable Results
SVM released an outstanding Definitive Feasibility Study for Kasiya with pre-tax NPV of US$2.2 billion, positioning it to become the world's largest rutile and graphite producer. HCH secured $40 million funding and delivered exceptional drilling results including 725m grading 0.42% CuEq at Costa Fuego. TM1 made significant PGM discoveries with intercepts up to 54 g/t PGE7 and raised $85 million to fund expanded drilling.
Trading Updates & Guidance
Codan Limited
CDA provided strong guidance with expected FY26 EBIT of approximately $235 million and NPAT of approximately $170 million, representing over 60% growth versus FY25. The Communications business is tracking at the top end of its 15-20% revenue growth target and achieved its 30% segment profit margin target a year early. Shares surged 21.2% to $43.20 following the upgrade.
BSP Financial Group
BFL reported strong Q1 2026 results with unaudited NPAT of K278 million (up 14.6% year-on-year) and revenue of K900 million (up 18.5%). The bank maintained a robust capital adequacy ratio of 23.9% while investing in modernisation programs. Shares gained 0.7% to $8.26.
SkyCity Entertainment
SKC lowered FY26 guidance due to macroeconomic pressures, now expecting underlying EBITDA of $180-190 million (down from $190-210 million). The company has entered agreements to sell office and investment properties as part of asset monetisation efforts. Shares fell 2.8% to $0.52.
G8 Education
GEM announced a major restructuring including suspension of approximately 40 underperforming centres as occupancy declined 7.0-7.9% year-on-year due to affordability pressures and increased competition. Shares plunged 26.0% to $0.18 following the announcement.
Weekly Price Movers
Notable Shareholder Movements
Substantial shareholder activity remained active this week, with Dimensional Entities making contrasting moves by ceasing its 20% stake in Fleetwood Limited while becoming a new 20% substantial holder in Service Stream Limited. State Street Corporation increased its position in Select Harvests to 5.04%, while Vanguard Capital Management became a 5.5% shareholder in Alcoa Corporation. UBS Group also crossed the substantial holder threshold in Inghams Group at 5.43%.
Looking ahead, the earnings season continues with several major companies yet to report, while the mining sector faces ongoing attention from commodity price movements and operational updates. The mixed results this week highlight the divergent paths across sectors, with resources companies generally outperforming amid strong commodity fundamentals while consumer discretionary businesses navigate challenging operating conditions.