The ASX earnings season moved into gear this week, with 28 actual earnings results and 8 trading updates or guidance revisions lodged among 171 total announcements. Sentiment leaned positive, with 23 of the week's announcements flagged as constructive versus just one negative, led by strong showings from NWS and REA, both of which posted double-digit profit growth alongside share price gains. Elsewhere, EVN shares jumped nearly 18% for the week even as detailed financials await the 19 August results call.
Earnings Results
News Corp (NWS)
News Corp delivered a strong finish to FY2026, with full-year revenue up 7% to $9.03 billion and net income up 15% to $743 million, translating to EPS of $1.03. The fourth quarter was particularly strong, with revenue up 11% year-on-year and net income from continuing operations more than doubling to $230 million from a soft prior-year base — a jump best read in dollar terms given the scale of the increase. Digital Real Estate Services, powered by REA Group's 21% quarterly growth, along with Dow Jones and Book Publishing, drove the improvement, while free cash flow rose 42% to $811 million, funding $643 million in share buybacks. Shares closed the week up 5.6% at $47.99, with coverage noting the stock had initially dipped before recovering as investors digested the scale of the EBITDA growth.
REA Group (REA)
REA Group's FY26 result showed core operations revenue up 7% to $1.79 billion, EBITDA up 12% to $1.09 billion and net profit up 15% to $650 million, with EPS growing 15% to 4.93 cents. The board lifted the total dividend 20% to $2.97 per share. Management pointed to record engagement on realestate.com.au — 12.7 million monthly visitors and 146.4 million average monthly visits — as evidence of the platform's market position, even as it navigates a more balanced Australian property market with softer listing volumes in Sydney and Melbourne. The shares rose 8.2% over the week to $173.83, though at least one analyst flagged the stock could be trading above intrinsic value following the result.
Evolution Mining (EVN)
Evolution Mining flagged FY26 operational metrics ahead of its full results, due with a conference call on 19 August. Gold production came in at 715koz alongside 66kt of copper, generating group operating mine cash flow of $3.39 billion at an all-in sustaining cost of $1,717 per ounce across its six-mine portfolio. Detailed revenue, earnings and dividend figures were not disclosed in this notice. The shares were the standout mover among this week's reporters, up 17.8% to $13.28, with commentary pointing to strong momentum following the company's Diggers & Dealers update.
Light & Wonder (LNW)
Light & Wonder's Q2 2026 result showed revenue up 2% to $828 million and net income up 26% to $120 million, with EPS climbing 38% to $1.53. Adjusted EBITDA grew 9% to $383 million with margin expansion across Gaming, iGaming and SciPlay, while the Grover charitable gaming and North American premium installed base both extended growth streaks. The company reiterated full-year guidance for mid-to-high single-digit adjusted EBITDA growth and remains focused on reducing net debt leverage below 3.0x by the first half of 2027. Shares rose 9.5% over the week to $125.11 amid coverage of the buyback program.
Argo Investments (ARG)
Argo Investments reported FY2026 operating income up 2.2% to $296.3 million and profit essentially flat at $260.2 million, up just 0.1% on the prior year. The board lifted the total dividend to 38.5 cents per share, fully franked, including a 5.0 cent LIC capital gain component, while NTA per share grew 3.9% to $10.84. The result comes as Argo separately announced a shift to quarterly dividend payments from 2027 (detailed below), which some coverage suggested reflects pressure to keep distributions attractive despite flat earnings. Shares gained 4.4% for the week to $9.45.
AMP (AMP)
AMP's first-half 2026 result showed underlying NPAT up 32.8% to $174 million on revenue of $1.43 billion, up 4%, with statutory NPAT rising 57.1% to $154 million. Total assets under management grew 8.9% to $167.6 billion, helped by strong net cashflows into Platforms and continued expansion in China, where the CLPC partnership contribution rose sharply to $56 million. The board declared a 3.0 cent interim dividend, 20% franked, and launched a second $150 million buyback tranche. Shares were among the week's better performers, up 13.5% to $2.44, with reports crediting the China contribution for supporting capital returns.
Pinnacle Investment Management (PNI)
Pinnacle reported FY2026 revenue from continuing operations up 67.5% to $109.7 million, with net profit attributable to shareholders up 31.5% to $176.7 million and EPS up 24.5% to 78.7 cents. The board lifted the total dividend to 60 cents per share. Contributions from associates and joint ventures rose to $136.0 million, and the company took full control of Pacific Asset Management LLP during the period, though net tangible assets per share fell to $2.86 from $4.04 as a result of increased associate shareholdings. Shares rose 18% over the week to $18.86, with some analysts noting the result benefited from a one-off boost.
Block, Inc. (XYZ)
Block's Q2 2026 result beat its own guidance, with gross profit up 25% to a record $3.17 billion and net income up 60.9% to $620 million. Adjusted operating income margin hit a record 27%, and the company lifted full-year guidance to $12.51 billion in gross profit and $3.47 billion in adjusted operating income. Cash App gross profit grew 31% and Square grew 13%, offsetting continued softness in Bitcoin-related revenue. Despite the beat, shares fell 3.5% over the week to $113.56 — a reminder that strong headline growth doesn't always translate into share price gains when expectations are already elevated.
Charter Hall Retail REIT (CQR)
CQR delivered FY26 operating earnings of $153.4 million (26.4 cents per unit), up 4.0%, with distributions rising 3.3% to 25.5 cents per unit. NTA per unit rose 8.4% to $5.03 on a $248 million portfolio revaluation gain, while occupancy reached a record 99.1%. FY27 guidance points to operating earnings of at least 27.3 cents per unit and distributions of 26.4 cents, up 3.5% on both counts. Shares rose 4.8% for the week to $4.23, though coverage noted the stock continues to trade below its asset backing.
Beach Energy (BPT)
Beach Energy's FY26 result was mixed: underlying NPAT came in at $354.8 million on revenue of $1.92 billion, down 9% year-on-year, while underlying NPAT itself fell 21%. Statutory NPAT, however, swung to $281.4 million from a much smaller prior-year base — a shift better described in dollar terms than as a headline percentage gain. Production reached 19.4 MMboe, supported by the start-up of the Waitsia Gas Plant and a 100% success rate across nine Western Flank oil wells. The board held the full-year dividend at 3.0 cents per share, fully franked. Shares fell 4.9% over the week to $0.865, with some commentary questioning whether the Waitsia project's execution risk is being fully priced in.
Charter Hall Social Infrastructure REIT (CQE)
CQE reported FY26 revenue up 3.8% to $122.9 million, with statutory profit up 27.5% to $90.5 million, aided by $22.3 million in property revaluation gains. Operating earnings rose 12.6% to $64.2 million, supporting a maintained distribution of 17.0 cents per unit. The REIT recycled capital during the year, buying $234.5 million of assets while disposing of $137.8 million, including 30 early learning properties. Shares gained 6.6% to $2.74, with the stock still trading below net asset backing according to some analysts.
Credit Corp Group (CCP)
Credit Corp posted FY2026 revenue up 7.4% to $585.95 million and net profit up 12.1% to $105.51 million. The board lifted total dividends to 77.5 cents per share, fully franked, up from 55.0 cents the prior year, and net tangible assets per share improved to $13.18. Despite the solid profit growth, shares slipped 3.0% over the week to $13.36, even as some analysts suggested the stock may be undervalued relative to the result.
Other notable results
AVH (Avita Medical) reported Q2 revenue up 18% to $21.7 million with narrowing losses and raised full-year guidance to $86-89 million, sending shares up 16.6% despite an ongoing going-concern note tied to negative stockholders' equity. COF swung to a $55.2 million FY26 profit from a $19.8 million loss, largely on property revaluations, though funds from operations fell 4.85%. KYP (Kinatico) grew revenue 9% to $35.2 million with net profit up 79% to $2.0 million, while RKN (Reckon) reported flat constant-currency revenue and NPAT up 6% to $4.5 million as its cloud transition continues, lifting shares 11.8%. FSI was the week's clear negative outlier, posting a -24.1% portfolio return for FY2026 against a rising index, though the board maintained its fully franked dividend using reserves.
Trading Updates & Guidance
Maas Group Holdings (MGH)
Maas Group lifted FY26 underlying EBITDA guidance to $300-310 million after securing an $855 million electrical infrastructure contract with Firmus, to be delivered over 18 months. The company also increased its strategic stake in Firmus with a further $300 million investment at $230 per share, taking its holding to roughly 3.2%. Shares rose 10.7% for the week to $5.49.
SKS Technologies Group (SKS)
SKS Technologies said it now expects unaudited pre-tax profit of $39.3 million, an 11.3% margin, well above its February guidance of $34 million and a 10% margin — a 15.6% upgrade attributed to higher revenue and improved operational efficiency. Shares rose 14.4% over the week to $8.35, with coverage linking the upgrade to continued data-centre construction demand.
Vista Group International (VGL)
Vista Group raised full-year 2026 revenue guidance to $179-184 million after half-year revenue grew 12% to $86.3 million. The company said its cinema software market share expanded from 46% to 48%, helped by major customer wins including Cinépolis Mexico, Cineworld and the return of Cinemex. Shares rose 5.9% for the week to $2.17.
Aerometrex (AMX)
Aerometrex upgraded FY26 EBITDA guidance to $7.5-8.0 million, an increase of 117-132% on the prior comparable period, alongside record forecast revenue of $26.5-27.0 million. The upgrade was driven by strong growth in MetroMap subscription annual contract value, up 37.8% to $14.55 million.
Aeris Resources (AIS)
Aeris Resources issued FY27 guidance broadly in line with FY26 production — 22-27kt copper and 42-51koz gold — but with growth capital expenditure lifting sharply to $170-210 million, largely for construction at the Constellation mine, plus exploration spending of $29-35 million. Shares rose 6.2% for the week to $0.43.
Experience Co (EXP)
Experience Co reported Q4 FY26 revenue of $29.4 million, broadly flat year-on-year despite weather disruption and higher fuel costs, while underlying EBITDA fell 31% to $2.0 million. The company confirmed the divestment of Wild Bush Luxury and flagged plans to sell its skydiving operations to New Zealand's Inflite Group in a deal reported at around $110 million. Shares were little changed, down 1.0% for the week to $0.096.
Top Movers
Weekly Price Movers
Notable Shareholder Movements
Substantial holder notices this week highlighted an active week for index and quant managers. Dimensional Entities ceased to be a substantial holder in FWD (Fleetwood) at a 20% stake while simultaneously becoming a substantial holder in BOQ (Bank of Queensland), also at 20% — a switch likely reflecting index rebalancing rather than a discretionary view. State Street Corporation emerged as a new substantial holder across three names: PWH (5.11%), GGP (5.05%) and GDG (5.64%), consistent with passive flows into these mid-cap names. Macquarie Group was also active on both sides of the register across several tickers, including new stakes in LOT and CNI and exits from TAH, GNC and TWE.
With PLS, SFR and CDA all flagging results due later in August, alongside a broader wave of full-year reports still to come, the reporting season is set to build through the month. This week's results generally supported the market's constructive tone, though the mixed reaction to strong beats from Block and Credit Corp is a reminder that share price responses don't always track headline earnings growth in a straightforward way.