Daily Roundup

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Resmed Delivers Strong Finish to FY2026 with Double-Digit Earnings Growth

Resmed Inc wrapped up fiscal 2026 on a high note, reporting a 9% jump in fourth-quarter revenue to $1.5 billion, with an 8% increase when adjusted for currency fluctuations. The real story, though, is in the bottom line. While GAAP earnings per share edged up just 2% to $2.64, non-GAAP EPS surged 16% to $2.95, signaling improving operational efficiency beneath the surface.

For the full year, the company's top line grew 10% to $5.7 billion, while gross margins expanded meaningfully—GAAP margins climbed 170 basis points to 61.1%, with non-GAAP margins up 240 basis points to 62.4%. Perhaps most tellingly, Resmed returned $1.0 billion to shareholders through buybacks and dividends during the year, more than 70% higher than the prior year.

Looking ahead, management is getting even more generous with capital returns. The company expects to hand back more than $1.85 billion to shareholders in FY2027, including a 10% hike to the quarterly dividend to $0.66 per share. Speaking of which, Resmed declared a dividend of USD 0.066 per share for CDI holders, with an ex-date of August 19, 2026, a record date of August 20, and payment scheduled for September 24, 2026.

Nick Scali Surges Ahead Despite Retail Headwinds

Furniture retailer Nick Scali Ltd proved that strong execution can overcome a challenging retail environment. The company posted a 31.2% jump in net profit after tax to $75.7 million on revenue growth of just 4.3% to $516.7 million—a testament to improving operational leverage.

Breaking down the performance, the Australia and New Zealand division saw revenue climb 5.1% with gross margins expanding by 100 basis points to 66.0%. The UK business, while still operating at a loss for the year, showed dramatic improvement in gross margins, which jumped to 60.3%. Operating cash flows surged 33.7% to $154.4 million, giving the company substantial financial flexibility.

The company declared a fully franked final dividend of 39 cents per share and ended the year with $106.6 million in cash on hand. Management is clearly confident about momentum ahead—the ANZ region saw flat written sales orders in the opening weeks of FY27, but the UK painted a much rosier picture with a 35% surge in orders. Nick Scali opened four new stores during FY26 and plans to add four more in the coming year, with expansion planned in both Australia and the UK.

Lycopodium Lands Major Canadian Mining Contract

Engineering and project management firm Lycopodium Limited secured a significant win, landing the Engineering, Procurement, and Construction Management contract for Artemis Gold's Expanded Phase 2 project at the Blackwater Mine in Canada. The A$93 million contract represents a meaningful boost to the company's Canadian operations.

The expansion will add 13 million tonnes per annum of throughput capacity to the open-pit gold and silver mine in British Columbia, lifting total capacity to 21 Mtpa. Lycopodium has already been involved in earlier development stages of the project and provided EPCM services for Phase 1A, positioning the company well for continued involvement as the mine grows.

NZME Invests in Print Future with Equipment Acquisition

New Zealand media company NZME Limited finalized its acquisition of Stuff's Petone plant equipment, committing up to $15 million over two years to enhance its print operations. The move is expected to deliver around $7 million in annual operating savings once the new equipment is installed at a new facility by the end of 2028, with cashflow payback anticipated within three years.

The acquired equipment is notably more efficient and about a third the size of NZME's current plant, positioning the company to not only improve its own profitability but also offer third-party print services throughout the North Island. It's a strategic bet on the sustainability of print operations in an increasingly digital world.

Kip McGrath Files Supplementary Bidder's Statement

Kip McGrath Education Centres Ltd lodged a supplementary bidder's statement, which has been deemed price-sensitive. The document is now publicly available for stakeholder review, though specific details remain to be seen in the full filing.