Daily Roundup

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Aussie Broadband Delivers Strong Growth With Earnings Surge and Buyback Plan

Aussie Broadband has kicked off results season with impressive numbers, reporting underlying EBITDA up 19.6% to $165.3 million and revenue growth of 9.2% to $1.3 billion. The broadband specialist saw particularly strong momentum in its mobile division, with connections jumping 41% to 1.11 million, while its NBN market share climbed to 12.1%. The company also completed the disposal of Digital Sense Hosting and acquired Nexgen Investment Group during the year, strengthening its competitive position.

Shareholders are being rewarded with a dividend increase to 6.0 cents per share, while the company announced a share buyback of up to $115 million—a vote of confidence in its outlook. Management is clearly bullish on what's ahead, guiding FY27 underlying EBITDA between $205 million and $215 million. The company's net tangible liabilities per share also improved significantly to $0.10 from $0.23, reflecting a healthier balance sheet.

Lithium Producer PLS Rides Wave of Commodity Strength

PLS Group delivered a standout performance, posting record production of 879.5 kilotonnes—up 17% year-on-year. The lithium miner's revenue surged 152% to $1.9 billion, driven by both higher sales volumes and a 121% jump in average realized prices. Underlying EBITDA hit $1.1 billion with an impressive 59% margin, while net profit after tax swung to $526 million from a $196 million loss in the prior year.

The company's cash position strengthened dramatically, climbing 135% to $2.3 billion, giving it substantial firepower for future investments. Unit operating costs improved 9% to $569 per tonne, reflecting the benefits of increased scale and operational efficiencies. A final fully franked dividend of 5 cents per share was declared, representing a 22% payout ratio of adjusted free cash flow. Looking ahead, PLS is guiding FY27 production at a midpoint of 880 kilotonnes, with the P2000 feasibility study due in the December quarter.

GemLife Communities Raises Guidance on Stellar Half-Year Results

GemLife Communities Group has upgraded its full-year earnings guidance after a blockbuster first half, now expecting underlying EPS of 30.0-31.0 cents—a 27-31% lift from FY25. The premium aged-care developer crushed its prospectus forecasts across the board, with revenue jumping 86% to $195.1 million and underlying net profit after tax doubling to $58.5 million on a pro forma basis.

Settlements ran 16 homes ahead of forecast, while average home sale prices climbed 10% year-on-year. The company maintained a 100% occupancy rate across its 2,324 homes and achieved a development EBITDA margin of 43%. Net tangible assets per security rose to $2.80, and the company also earned Great Place to Work certification, signaling strong workplace culture alongside financial success.

Supply Network Expands With Double-Digit Growth

Supply Network Limited reported steady progress with revenue climbing 15.4% to $403.7 million and profit after tax rising 19% to $47.6 million. The industrial and construction supplies distributor invested significantly in IT systems and expanded its branch network, particularly in New Zealand, while maintaining a strong safety focus. The company declared a final dividend of 44.0 cents per share, reflecting confidence in its organic growth trajectory and acquisition pipeline.

Endeavour Group Navigates Challenging Retail Environment

Endeavour Group's results paint a picture of a business working through headwinds. Group sales edged up just 1.3% to $12.2 billion, with retail sales rising 0.7% to $10 billion—though online sales showed more vigor with 34.8% growth. Hotel sales improved 4.2% to $2.2 billion, with 38 venues refreshed as part of the company's transformation push.

However, underlying EBIT fell 8.7% to $845 million, and statutory net profit after tax plummeted 87.8% to $52 million. The company is executing a $300 million cost reduction program targeting completion by F29, with $100 million of savings planned for F27. Management is investing to transform the business, planning capex of $550-$650 million in F27 as it simplifies operations and focuses on customer value. A fully franked final dividend of 1.2 cents per share was declared, though the outlook remains cautious given ongoing cost-of-living pressures on consumers.