Daily Roundup

XRF.ASX PME.ASX BHP.ASX SPZ.ASX CGS.ASX

XRF Scientific Ltd wrapped up a solid year with its FY2026 results, posting an 8% revenue increase to $64.4 million. While profit from ordinary activities and net profit both climbed 1%, the company maintained its dividend at 4.5 cents per share. The real story, though, lies in the adjusted numbers. Adjusted profit before tax surged 10% to $16.1 million, reflecting stronger underlying performance. The company's mining and industrial divisions are firing on all cylinders, with particularly strong demand from Asia driving international sales growth. XRF also made strategic moves to expand globally, acquiring the CGA Elemental Analysis Instrument business for $4 million and opening new offices in India and the USA. Gross margins came in healthy at 49.3%, while operating cash flow hit a positive $11.4 million.

Pro Medicus delivered an impressive FY26 performance that exceeded expectations. The company reported underlying net profit after tax of $144.7 million, up 24.1%, on revenue of $261.7 million, a 22.9% increase. On a constant currency basis—stripping out foreign exchange movements—the numbers look even better, with underlying NPAT climbing 32.5% to $154.5 million. The company's North American operations were particularly strong, with revenue jumping 45.9% to $190.9 million. Pro Medicus signed 10 new contracts worth $407 million and renewed six contracts with five-year extensions, a testament to customer confidence. The company remains in a fortress-like financial position with $252.3 million in cash and zero debt. Shareholders will see a fully franked final dividend of 37 cents per share, bringing the total annual dividend to 69 cents—up 25.5% from the prior year. CEO Dr. Sam Hupert highlighted the company's positioning in AI and digital pathology as key growth drivers, with the platform already used by 11% of the US diagnostic imaging market.

BHP Group delivered record results for FY2026, with revenue climbing 15% to US$58.76 billion and profit after tax rising 9% to US$9.83 billion. The mining giant achieved record iron ore production and maintained copper output at approximately 2 million tonnes for the second consecutive year. Underlying EBITDA hit roughly US$33 billion with a commanding 59% margin, while underlying attributable profit reached US$13.2 billion. Net debt fell below US$9 billion, and the company declared a final dividend of 99 US cents per share—the largest in four years. BHP's copper business is self-funding its growth and generating significant free cash flow. The company expects FY27 capital and exploration expenditure of around US$11 billion as it pursues growth initiatives including the Jansen potash project in Canada and new mining operations in the Pilbara.

Smart Parking Ltd reported record FY26 results with revenue surging 63% to $126.3 million, while adjusted EBITDA climbed 50% to $30.8 million. The parking technology company achieved 72% of its revenue growth through organic strategies and yield enhancement, with the remainder coming from strategic acquisitions like Peak Parking in the US. The company expanded its automatic number plate recognition (ANPR) site network by 16% to 1,525 locations and ended the year with a solid cash position of $17.4 million. Net statutory profit after tax rose 28% to $6.9 million, and operating cash returns grew 30% to $20.2 million. Looking ahead, Smart Parking has ambitious expansion plans, targeting 3,000 ANPR sites by December 2028. The company also announced a $5 million on-market share buy-back, set to commence on 1 September 2026, conducted within the 10/12 limit and requiring no shareholder approval.

Cogstate Ltd capped off a record year with sales contracts of $89 million, more than doubling from FY25. The clinical trials endpoint company reported revenue of $60.9 million, up 15%, with clinical trials revenue specifically climbing 15.4% to $58.4 million. EBITDA came in at $18.3 million at a healthy 30% margin, while profit after tax reached $11.9 million. The company ended the year debt-free with $34.8 million in cash, positioning it well for continued investment in AI and technology. Cogstate declared a fully franked annual dividend of 4 cents per share. The company's strong contracted revenue pipeline—worth $89 million—supports guidance for FY27 revenue of around $48.3 million, up 54% year-over-year, though the company expects a second-half bias in financial results. Management plans to maintain FY26 EBITDA margins in FY27 despite increased investments in AI and automation to enhance scalability.