Daily Roundup

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PWR Holdings Ltd Caps Strong Year with Record Results and European Expansion

PWR Holdings Ltd is riding high on the back of a stellar FY26, posting record revenue of $170.7 million—a impressive 31% jump year-on-year. The company's Motorsports segment led the charge with $101.9 million in revenue, while its Aerospace & Defence division contributed $35.2 million to the growth story.

What's particularly encouraging is the company's improving operational efficiency. Net profit after tax surged 83% to $17.9 million, with profit margins expanding to 10.5% from 7.5% the year prior. The balance sheet looks healthy too, with net debt falling to just $5.6 million. PWR isn't holding back on rewarding shareholders either—the final dividend jumped 150% to 5.00 cents per share, bringing the full-year payout to 8.00 cents.

Looking ahead, PWR is doubling down on growth. The company announced a new manufacturing facility in Poland to support its European aerospace and defence ambitions, while maintaining a record order book exceeding $82 million for FY27. Management expects A&D revenue to keep climbing, though they're guiding for NPAT margins to trend back toward FY24 levels in the coming year.

Laserbond Ltd Delivers Solid Growth Across the Board

Laserbond Ltd reported a more measured but still respectable performance for FY26. Revenue climbed 10.8% to $48.2 million, while EBITDA grew at a faster clip of 15%, reaching $10.4 million. The real standout was net profit, which jumped 27.7% to $4.9 million—showing the company is getting better at converting sales into earnings.

The company also doubled its dividend payout to 0.8 cents per share, fully franked. Net tangible assets per share rose 9.2% to 32.17 cents, reflecting a strengthening balance sheet. Laserbond's 40% stake in Gateway Equipment Parts & Services continues to contribute meaningfully, adding $1 million to post-tax profits during the year.

Sonic Healthcare Achieves Guidance with Solid Organic Growth

Sonic Healthcare delivered on its promises for FY26, reporting revenue growth of 13% to $10.9 billion, with underlying EBITDA climbing 11% to $1.93 billion. What's more impressive is that 5% of this growth came organically, without relying entirely on acquisitions.

The healthcare giant successfully integrated the LADR acquisition in Germany, with over 40% of expected synergies already captured. Net profit rose 18.4% to $608 million, while earnings per share climbed 14%. The company maintained its progressive dividend policy, lifting the full-year payout by 1 cent to 63 cents per share, franked at 60%.

Sonic isn't resting on its laurels. Management has an ongoing US operating review aimed at improving profitability and return on invested capital, with initiatives expected to add $25-30 million to FY27 earnings. The company is also seeing strong momentum in advanced diagnostics and direct-to-consumer testing, positioning it well for future growth.

Goodman Group Powers Ahead on Data Centre Boom

Goodman Group's FY26 results underscore the red-hot demand for data centre infrastructure and logistics real estate. Operating profit surged 15.7% to $2.67 billion, while operating earnings per security jumped 10.1% to 129.9 cents. Statutory profit nearly doubled, climbing 67% to $2.78 billion.

The company's work-in-progress pipeline has ballooned to $19.7 billion, with data centres accounting for a whopping 78% of the total. Goodman's global power bank expanded to 6.4 GW across 16 major cities, with 3.6 GW already secured. The total portfolio value increased 4% to $89 billion, maintaining a healthy 95.6% occupancy rate.

Capital management remains disciplined, with $6.4 billion in cash and undrawn lines, and gearing at a comfortable 6.5%. For FY27, management is targeting 9% OEPS growth, with the distribution holding steady at 30 cents per security. The company is well-positioned to capitalize on long-term structural tailwinds in cloud computing and metropolitan logistics demand.

Zip Co Hits Record Profitability Milestone

Fintech lender Zip Co delivered a breakout year, posting record cash earnings of $268.9 million—up a stunning 57.9% year-on-year. Revenue climbed 25% to $1.34 billion, while net profit surged 46% to $116.4 million.

The growth is coming from both sides of the Pacific. Total transaction volume grew 27.2% to $16.7 billion, with the US market firing on all cylinders, posting 42.5% growth in transaction volume. The company now serves 4.6 million US customers and 1.9 million in Australia and New Zealand. Operating margin expanded by 420 basis points to 20%, showcasing the operating leverage in the business model.

Zip completed $150 million in on-market share buybacks during the year and announced plans to wind down its New Zealand operations to focus resources on Australia and the US. Management is guiding for FY27 cash EBITDA of $340 million—a 26% increase—with US transaction volume growth expected to exceed 30% in USD terms.